Formidable Etf Market Value
| FORH Etf | USD 22.59 0.16 0.70% |
| Symbol | Formidable |
The market value of Formidable 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is Formidable ETF'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 Formidable ETF's market value can be influenced by many factors that don't directly affect Formidable ETF'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 Formidable ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Formidable ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formidable ETF'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.
Formidable ETF 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Formidable ETF's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Formidable ETF.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Formidable ETF on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Formidable ETF or generate 0.0% return on investment in Formidable ETF over 30 days. Formidable ETF is related to or competes with Franklin Liberty, Alger Mid, Tidal ETF, and First Trust. Under normal market conditions, the fund seeks to meet its investment objective by investing primarily in equity securit... More
Formidable ETF Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Formidable ETF's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Formidable ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6838 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.32 |
Formidable ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formidable ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formidable ETF's standard deviation. In reality, there are many statistical measures that can use Formidable ETF historical prices to predict the future Formidable ETF's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.0103 |
Formidable ETF Backtested Returns
Formidable ETF is very steady at the moment. Formidable ETF secures Sharpe Ratio (or Efficiency) of 0.0429, which denotes the etf had a 0.0429% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Formidable ETF, which you can use to evaluate the volatility of the entity. Please confirm Formidable ETF's Coefficient Of Variation of 5062.7, downside deviation of 0.6838, and Mean Deviation of 0.5781 to check if the risk estimate we provide is consistent with the expected return of 0.031%. The etf shows a Beta (market volatility) of 0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, Formidable ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Formidable ETF is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Formidable ETF has insignificant reverse predictability. Overlapping area represents the amount of predictability between Formidable ETF time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Formidable ETF price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Formidable ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Formidable ETF lagged returns against current returns
Autocorrelation, which is Formidable ETF etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Formidable ETF's etf expected returns. We can calculate the autocorrelation of Formidable ETF returns to help us make a trade decision. For example, suppose you find that Formidable ETF has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Formidable ETF regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Formidable ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formidable ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formidable ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Formidable ETF Lagged Returns
When evaluating Formidable ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formidable ETF etf have on its future price. Formidable ETF autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Formidable ETF autocorrelation shows the relationship between Formidable ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Formidable ETF.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Formidable ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Formidable ETF's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Formidable Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Formidable Etf:Check out Formidable ETF Correlation, Formidable ETF Volatility and Formidable ETF Alpha and Beta module to complement your research on Formidable ETF. For more detail on how to invest in Formidable Etf please use our How to Invest in Formidable ETF guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Formidable ETF 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.