MicroSectors FANG Financial Statements From 2010 to 2026
| FNGO Etf | USD 114.35 2.45 2.19% |
Check MicroSectors FANG financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MicroSectors FANG's main balance sheet or income statement drivers, such as , as well as many indicators such as . MicroSectors financial statements analysis is a perfect complement when working with MicroSectors FANG Valuation or Volatility modules.
MicroSectors | Build AI portfolio with MicroSectors Etf |
Pair Trading with MicroSectors FANG
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MicroSectors FANG position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MicroSectors FANG will appreciate offsetting losses from the drop in the long position's value.Moving against MicroSectors Etf
| 0.82 | JNJ | Johnson Johnson | PairCorr |
| 0.73 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
| 0.66 | LABU | Direxion Daily SP | PairCorr |
| 0.64 | CPST | Calamos ETF Trust | PairCorr |
| 0.56 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to MicroSectors FANG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MicroSectors FANG when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MicroSectors FANG - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MicroSectors FANG Index to buy it.
The correlation of MicroSectors FANG is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MicroSectors FANG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MicroSectors FANG Index moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MicroSectors FANG can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in MicroSectors Etf
MicroSectors FANG financial ratios help investors to determine whether MicroSectors Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MicroSectors with respect to the benefits of owning MicroSectors FANG security.