Formidable ETF Financial Statements From 2010 to 2024
| FORH Etf | USD 22.69 0.02 0.09% |
Check Formidable ETF financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Formidable ETF's main balance sheet or income statement drivers, such as , as well as many indicators such as . Formidable financial statements analysis is a perfect complement when working with Formidable ETF Valuation or Volatility modules.
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Formidable ETF ETF Beta Analysis
Formidable ETF's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Formidable ETF Beta | 0.57 |
Most of Formidable ETF's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Formidable ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Formidable ETF has a Beta of 0.57. This is much higher than that of the Formidable Funds family and significantly higher than that of the Mid-Cap Blend category. The beta for all United States etfs is notably lower than that of the firm.
About Formidable ETF Financial Statements
Investors use fundamental indicators, such as Formidable ETF's revenue or net income, to determine how well the company is positioned to perform in the future. Although Formidable ETF's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
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. Formidable ETF is traded on NYSEARCA Exchange in the United States.
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 the analysis of Formidable ETF Correlation against competitors. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.