Microsectors Fang Index Etf Performance

FNGU Etf  USD 407.60  20.40  4.77%   
The etf secures a Beta (Market Risk) of 1.87, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MicroSectors FANG will likely underperform.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in MicroSectors FANG Index are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively conflicting technical and fundamental indicators, MicroSectors FANG unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
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BMO REX MicroSectors FANG Index 3X Leveraged ETN Reaches New 52-Week High at 382.82 - Defense World
06/07/2024
In Threey Sharp Ratio0.45
  

MicroSectors FANG Relative Risk vs. Return Landscape

If you would invest  33,136  in MicroSectors FANG Index on March 27, 2024 and sell it today you would earn a total of  7,624  from holding MicroSectors FANG Index or generate 23.01% return on investment over 90 days. MicroSectors FANG Index is currently generating 0.4079% in daily expected returns and assumes 3.8521% risk (volatility on return distribution) over the 90 days horizon. In different words, 34% of etfs are less volatile than MicroSectors, and 92% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
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Given the investment horizon of 90 days MicroSectors FANG is expected to generate 5.93 times more return on investment than the market. However, the company is 5.93 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.02 per unit of risk.

MicroSectors FANG Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for MicroSectors FANG's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MicroSectors FANG Index, and traders can use it to determine the average amount a MicroSectors FANG's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1059

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Estimated Market Risk

 3.85
  actual daily
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66% of assets are more volatile

Expected Return

 0.41
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92% of assets have higher returns

Risk-Adjusted Return

 0.11
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92% of assets perform better
Based on monthly moving average MicroSectors FANG is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MicroSectors FANG by adding it to a well-diversified portfolio.

MicroSectors FANG Fundamentals Growth

MicroSectors Etf prices reflect investors' perceptions of the future prospects and financial health of MicroSectors FANG, and MicroSectors FANG fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on MicroSectors Etf performance.
Total Asset530.56 M

About MicroSectors FANG Performance

To evaluate MicroSectors FANG Index Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when MicroSectors FANG generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare MicroSectors Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand MicroSectors FANG Index market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents MicroSectors's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. Microsectors Fang is traded on NYSEARCA Exchange in the United States.
MicroSectors FANG had very high historical volatility over the last 90 days
Latest headline from news.google.com: BMO REX MicroSectors FANG Index 3X Leveraged ETN Reaches New 52-Week High at 382.82 - Defense World
The fund retains all of its assets under management (AUM) in equities

Additional Information and Resources on Investing in MicroSectors Etf

When determining whether MicroSectors FANG Index is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MicroSectors Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Microsectors Fang Index Etf. Highlighted below are key reports to facilitate an investment decision about Microsectors Fang Index Etf:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in MicroSectors FANG Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of MicroSectors FANG Index is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors FANG's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors FANG's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MicroSectors FANG's market value can be influenced by many factors that don't directly affect MicroSectors FANG's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MicroSectors FANG's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors FANG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors FANG's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.