Microsectors Fang Etn Etf Profile
| FNGS Etf | USD 53.21 0.82 1.52% |
Performance10 of 100
| Odds Of DistressLess than 9
|
MicroSectors FANG is selling for under 53.21 as of the 28th of November 2024; that is 1.52% down since the beginning of the trading day. The etf's lowest day price was 52.7. MicroSectors FANG has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for MicroSectors FANG ETN are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies. Microsectors Fang is traded on NYSEARCA Exchange in the United States.. More on MicroSectors FANG ETN
Moving together with MicroSectors Etf
| 0.97 | VGT | Vanguard Information | PairCorr |
| 0.94 | XLK | Technology Select Sector | PairCorr |
| 0.97 | IYW | iShares Technology ETF | PairCorr |
| 0.71 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.94 | CIBR | First Trust NASDAQ | PairCorr |
Moving against MicroSectors Etf
MicroSectors Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Technology, BMO Capital Markets (View all Sectors) |
| Issuer | Bank of Montreal |
| Inception Date | 2019-11-15 |
| Benchmark | NYSE FANG+ Index |
| Entity Type | Exchange-Traded Note |
| Asset Under Management | 404.61 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | North America |
| Exchange | NYSE Arca, Inc. |
| Market Maker | GTS |
| Country Name | USA |
| Returns Y T D | 43.16 |
| Name | MicroSectors FANG ETN |
| Currency Code | USD |
| Open Figi | BBG00QTPSDZ8 |
| In Threey Volatility | 28.66 |
| 1y Volatility | 17.33 |
| 200 Day M A | 47.0407 |
| 50 Day M A | 51.1656 |
| Code | FNGS |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.47 |
| Type | ETF |
MicroSectors FANG ETN [FNGS] is traded in USA and was established 2019-11-12. The fund is listed under Technology category and is part of BMO Capital Markets family. The entity is thematically classified as Strategy ETFs. MicroSectors FANG ETN currently have 49.01 M in assets under management (AUM). , while the total return for the last 3 years was 17.3%.
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 ETN 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 ETN 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 ETN 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 | 0.1002 | |||
| Jensen Alpha | 0.0491 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0318 |
MicroSectors FANG Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in MicroSectors FANG ETN. 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 ETN 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.