Formidable Fortress Etf Profile
| KONG Etf | USD 30.84 0.08 0.26% |
Performance8 of 100
| Odds Of DistressLess than 9
|
Formidable Fortress is trading at 30.84 as of the 28th of November 2024. This is a 0.26 percent decrease since the beginning of the trading day. The etf's lowest day price was 30.62. Formidable Fortress has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Formidable Fortress ETF 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.
Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts , and other equity investments or ownership interests in business enterprises. The company has 45.39 M outstanding shares of which 302.13 K shares are now shorted by private and institutional investors with about 0.0 trading days to cover. More on Formidable Fortress ETF
Moving together with Formidable Etf
| 0.97 | VO | Vanguard Mid Cap | PairCorr |
| 0.95 | VXF | Vanguard Extended Market | PairCorr |
| 0.95 | IJH | iShares Core SP | PairCorr |
| 0.96 | IWR | iShares Russell Mid Sell-off Trend | PairCorr |
| 0.95 | MDY | SPDR SP MIDCAP | PairCorr |
| 0.94 | FV | First Trust Dorsey | PairCorr |
Moving against Formidable Etf
Formidable Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Broad Equity ETFs, Mid-Cap Blend, Formidable Funds (View all Sectors) |
| Issuer | Formidable Asset Management |
| Inception Date | 2021-07-21 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 24.7 Million |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Strategy |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Commonwealth Fund Services, Inc. |
| Advisor | Formidable Asset Management, LLC |
| Custodian | Citibank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Will Brown, Adam Eagleston, Michael Venuto, Charles A. Ragauss |
| Transfer Agent | Citi Fund Services Ohio, Inc. |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 54.0 |
| Market Maker | GTS |
| Total Expense | 0.89 |
| Management Fee | 0.89 |
| Country Name | USA |
| Returns Y T D | 16.99 |
| Name | Formidable Fortress ETF |
| Currency Code | USD |
| Open Figi | BBG011X01Y30 |
| In Threey Volatility | 12.91 |
| 1y Volatility | 9.66 |
| 200 Day M A | 27.8035 |
| 50 Day M A | 29.6068 |
| Code | KONG |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.19 |
| Type | ETF |
Formidable Fortress ETF [KONG] is traded in USA and was established 2021-07-21. The fund is listed under Mid-Cap Blend category and is part of Formidable Funds family. The entity is thematically classified as Strategy ETFs. Formidable Fortress ETF now have 22.98 M in assets. , while the total return for the last 3 years was 7.7%.
Formidable Fortress ETF currently holds about 165.3 M in cash with 24.9 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.64.
Check Formidable Fortress Probability Of Bankruptcy
Geographic Allocation (%)
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 Formidable Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Formidable 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 Formidable Fortress ETF 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 Formidable Fortress ETF Etf Constituents
| IBKR | Interactive Brokers Group | Stock | Financials | |
| VRTX | Vertex Pharmaceuticals | Stock | Health Care | |
| RS | Reliance Steel Aluminum | Stock | Materials | |
| ERIE | Erie Indemnity | Stock | Financials | |
| SNA | Snap On | Stock | Industrials | |
| CTSH | Cognizant Technology Solutions | Stock | Information Technology | |
| ADM | Archer Daniels Midland | Stock | Consumer Staples | |
| ADP | Automatic Data Processing | Stock | Industrials |
Formidable Fortress ETF 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 Formidable Fortress. 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 | 0.095 | |||
| Jensen Alpha | 0.0219 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0026 |
Formidable Fortress Against Markets
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Formidable Fortress ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of Formidable Fortress ETF is measured differently than its book value, which is the value of Formidable that is recorded on the company's balance sheet. Investors also form their own opinion of Formidable Fortress' value that differs from its market value or its book value, called intrinsic value, which is Formidable Fortress' 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 Formidable Fortress' market value can be influenced by many factors that don't directly affect Formidable Fortress' 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 Formidable Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if Formidable Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formidable Fortress' 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.