Formidable Etf Profile
| FORH Etf | USD 22.69 0.02 0.09% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Formidable ETF is trading at 22.69 as of the 23rd of November 2024. This is a 0.09 percent decrease since the beginning of the trading day. The etf's open price was 22.71. Formidable ETF 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 Formidable ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of October 2024 and ending today, the 23rd of November 2024. Click here to learn more.
Under normal market conditions, the fund seeks to meet its investment objective by investing primarily in equity securities, including common stocks, preferred stocks, related depository receipts, REITs, and other equity investments or ownership interests in business enterprises. More on Formidable ETF
Formidable Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Absolute Returns ETFs, Global Macro ETFs, Mid-Cap Blend, Formidable Funds (View all Sectors) |
| Issuer | Formidable Asset Management |
| Inception Date | 2021-04-28 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 22.72 Million |
| Asset Type | Multi Asset |
| Category | Absolute Returns |
| Focus | Global Macro |
| 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 | 52.0 |
| Market Maker | GTS |
| Total Expense | 1.19 |
| Management Fee | 1.19 |
| Country Name | USA |
| Returns Y T D | 1.57 |
| Name | Formidable ETF |
| Currency Code | USD |
| Open Figi | BBG010L8SW88 |
| In Threey Volatility | 13.99 |
| 1y Volatility | 13.25 |
| 200 Day M A | 22.6919 |
| 50 Day M A | 23.0078 |
| Code | FORH |
| Updated At | 23rd of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.2) |
| Type | ETF |
Formidable ETF [FORH] is traded in USA and was established 2021-04-29. The fund is listed under Mid-Cap Blend category and is part of Formidable Funds family. The entity is thematically classified as Absolute Returns ETFs. Formidable ETF currently have 26.65 M in assets under management (AUM). , while the total return for the last 3 years was -0.4%.
Check Formidable ETF 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 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 ETF Etf Constituents
| ARLP | Alliance Resource Partners | Stock | Energy | |
| LAAC | Lithium Americas Corp | Stock | Other Industrial Metals & Mining | |
| NICE | Nice Ltd ADR | Stock | Information Technology | |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary | |
| BCAB | Bioatla | Stock | Health Care | |
| BTE | Baytex Energy Corp | Stock | Energy | |
| MO | Altria Group | Stock | Consumer Staples | |
| ET | Energy Transfer LP | Stock | Energy |
Formidable 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 ETF. 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 | 0.0243 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.15) |
Formidable ETF Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formidable 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 metropolitan statistical area. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.