Microsectors Fang Index Etf Price on October 14, 2024

FNGO Etf  USD 97.12  2.12  2.23%   
Below is the normalized historical share price chart for MicroSectors FANG Index extending back to August 02, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of MicroSectors FANG stands at 97.12, as last reported on the 24th of December, with the highest price reaching 98.85 and the lowest price hitting 95.73 during the day.
3 y Volatility
58.15
200 Day MA
70.1588
1 y Volatility
30.2
50 Day MA
83.7178
Inception Date
2018-08-01
 
Covid
If you're considering investing in MicroSectors Etf, it is important to understand the factors that can impact its price. MicroSectors FANG appears to be very steady, given 3 months investment horizon. MicroSectors FANG Index has Sharpe Ratio of 0.19, which conveys that the entity had a 0.19% return per unit of risk over the last 3 months. By analyzing MicroSectors FANG's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please exercise MicroSectors FANG's Mean Deviation of 1.89, risk adjusted performance of 0.1558, and Downside Deviation of 2.98 to check out if our risk estimates are consistent with your expectations.
  
MicroSectors Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1922

Best PortfolioBest Equity
Good Returns
Average Returns
Small ReturnsFNGO
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 2.66
  actual daily
23
77% of assets are more volatile

Expected Return

 0.51
  actual daily
10
90% of assets have higher returns

Risk-Adjusted Return

 0.19
  actual daily
15
85% of assets perform better
Based on monthly moving average MicroSectors FANG is performing at about 15% 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.
Average Mkt Cap Mil
924.8 K

MicroSectors FANG Valuation on October 14, 2024

It is possible to determine the worth of MicroSectors FANG on a given historical date. On October 14, 2024 MicroSectors was worth 77.28 at the beginning of the trading date compared to the closed value of 77.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MicroSectors FANG etf. Still, in general, we apply an absolute valuation method to find MicroSectors FANG's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of MicroSectors FANG where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MicroSectors FANG's related companies.
 Open High Low Close Volume
  75.53    76.48    75.53    76.09    8,973  
10/14/2024
  77.28    77.88    76.24    77.00    12,600  
  76.30    76.30    73.25    74.20    35,314  
Backtest MicroSectors FANG  |  MicroSectors FANG History  |  MicroSectors FANG Valuation   PreviousNext  
Open Value
77.28
77.0
Closing Value
85.26
Upside

MicroSectors FANG Trading Date Momentum on October 14, 2024

On October 15 2024 MicroSectors FANG Index was traded for  74.20  at the closing time. The top price for the day was 76.30  and the lowest listed price was  73.25 . The trading volume for the day was 35.3 K. The trading history from October 15, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.64% . The trading delta at closing time against the current closing price is 2.29% .

MicroSectors FANG Index Fundamentals Correlations and Trends

By evaluating MicroSectors FANG's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MicroSectors FANG's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MicroSectors financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About MicroSectors FANG Etf history

MicroSectors FANG investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for MicroSectors is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MicroSectors FANG Index will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing MicroSectors FANG stock prices may prove useful in developing a viable investing in MicroSectors FANG
The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. Microsectors Fang is traded on NYSEARCA Exchange in the United States.

MicroSectors FANG Etf Technical Analysis

MicroSectors FANG technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of MicroSectors FANG technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MicroSectors FANG trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

MicroSectors FANG Period Price Range

Low
December 24, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

MicroSectors FANG Index cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

MicroSectors FANG December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how MicroSectors FANG etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MicroSectors FANG shares will generate the highest return on investment. By undertsting and applying MicroSectors FANG etf market strength indicators, traders can identify MicroSectors FANG Index entry and exit signals to maximize returns

MicroSectors FANG Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for MicroSectors FANG's price direction in advance. Along with the technical and fundamental analysis of MicroSectors Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of MicroSectors to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.