Microsectors Fang Index Etf Profile
| FNGD Etf | USD 17.07 0.70 4.28% |
Performance0 of 100
| Odds Of DistressLess than 9
|
MicroSectors FANG is trading at 17.07 as of the 28th of November 2024, a 4.28% increase since the beginning of the trading day. The etf's lowest day price was 16.37. MicroSectors FANG has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for MicroSectors FANG Index are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
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. The company has 652.1 M outstanding shares. More on MicroSectors FANG Index
Moving together with MicroSectors Etf
| 0.96 | SH | ProShares Short SP500 | PairCorr |
| 0.97 | PSQ | ProShares Short QQQ | PairCorr |
| 0.97 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.97 | SDS | ProShares UltraShort | PairCorr |
| 0.97 | SPXS | Direxion Daily SP | PairCorr |
| 0.97 | QID | ProShares UltraShort QQQ | PairCorr |
Moving against MicroSectors Etf
MicroSectors Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Trading--Inverse Equity, BMO Capital Markets (View all Sectors) |
| Issuer | Bank of Montreal |
| Inception Date | 2018-01-22 |
| Benchmark | NYSE FANG+ Index |
| Entity Type | Exchange-Traded Note |
| Asset Under Management | 81.44 Million |
| Average Trading Valume | 2.36 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | North America |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Flow Traders |
| Country Name | USA |
| Returns Y T D | (71.18) |
| Name | MicroSectors FANG Index -3X Inverse Leveraged ETN |
| Currency Code | USD |
| Open Figi | BBG00JSLPJL9 |
| In Threey Volatility | 79.79 |
| 1y Volatility | 40.53 |
| 200 Day M A | 28.214 |
| 50 Day M A | 19.5014 |
| Code | FNGD |
| Updated At | 26th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.82) |
| Type | ETF |
MicroSectors FANG Index [FNGD] is traded in USA and was established 2018-01-22. The fund is listed under Trading--Inverse Equity category and is part of BMO Capital Markets family. The entity is thematically classified as Strategy ETFs. MicroSectors FANG Index currently have 183.6 M in assets under management (AUM). , while the total return for the last 3 years was -63.9%.
MicroSectors FANG Index currently holds about 189.5 B in cash with (9.31 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 295.8, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check MicroSectors FANG Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on MicroSectors Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding MicroSectors Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as MicroSectors FANG Index Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top MicroSectors FANG Index Etf Constituents
| AAPL | Apple Inc | Stock | Information Technology | |
| AMZN | Amazon Inc | Stock | Consumer Discretionary | |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary | |
| BIDU | Baidu Inc | Stock | Communication Services | |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services | |
| NFLX | Netflix | Stock | Communication Services | |
| NVDA | NVIDIA | Stock | Information Technology | |
| TSLA | Tesla Inc | Stock | Consumer Discretionary |
MicroSectors FANG Index Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MicroSectors FANG. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | 0.1692 |
MicroSectors FANG Against Markets
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.