Fmqq The Next Etf Price on September 29, 2023
| FMQQ Etf | USD 13.58 0.22 1.59% |
If you're considering investing in FMQQ Etf, it is important to understand the factors that can impact its price. As of today, the current price of FMQQ Next stands at 13.58, as last reported on the 13th of December 2024, with the highest price reaching 13.60 and the lowest price hitting 13.58 during the day. Currently, FMQQ The Next is very steady. FMQQ The Next secures Sharpe Ratio (or Efficiency) of 0.0123, which denotes the etf had a 0.0123% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for FMQQ The Next, which you can use to evaluate the volatility of the entity. Please confirm FMQQ Next's Downside Deviation of 1.02, mean deviation of 0.7314, and Market Risk Adjusted Performance of 0.0738 to check if the risk estimate we provide is consistent with the expected return of 0.011%.
FMQQ Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
FMQQ |
Sharpe Ratio = 0.0123
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| Negative Returns | FMQQ |
Estimated Market Risk
| 0.9 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average FMQQ Next is not performing at its full potential. However, 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 FMQQ Next by adding FMQQ Next to a well-diversified portfolio.
Average Mkt Cap Mil 18.8 K |
FMQQ Next Valuation on September 29, 2023
It is possible to determine the worth of FMQQ Next on a given historical date. On September 29, 2023 FMQQ was worth 10.51 at the beginning of the trading date compared to the closed value of 10.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of FMQQ Next etf. Still, in general, we apply an absolute valuation method to find FMQQ Next'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 FMQQ Next where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against FMQQ Next's related companies.
| Open | High | Low | Close | Volume | |
| 10.24 | 10.40 | 10.24 | 10.39 | 5,000 | |
09/29/2023 | 10.51 | 10.51 | 10.37 | 10.38 | 15,600 |
| 10.36 | 10.36 | 10.27 | 10.32 | 4,300 |
| Backtest FMQQ Next | | | FMQQ Next History | | | FMQQ Next Valuation | Previous | Next |
FMQQ Next Trading Date Momentum on September 29, 2023
| On October 02 2023 FMQQ The Next was traded for 10.32 at the closing time. The top price for the day was 10.36 and the lowest listed price was 10.27 . The trading volume for the day was 4.3 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.58% . The overall trading delta against the current closing price is 1.83% . |
FMQQ The Next Fundamentals Correlations and Trends
By evaluating FMQQ Next'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 FMQQ Next's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. FMQQ financial account trend analysis is a perfect complement when working with valuation or volatility modules.About FMQQ Next Etf history
FMQQ Next 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 FMQQ is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in FMQQ The Next 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 FMQQ Next stock prices may prove useful in developing a viable investing in FMQQ Next
FMQQ Next Etf Technical Analysis
FMQQ Next 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.
Price Boundaries
FMQQ Next Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
FMQQ The Next 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.
FMQQ Next December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how FMQQ Next etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FMQQ Next shares will generate the highest return on investment. By undertsting and applying FMQQ Next etf market strength indicators, traders can identify FMQQ The Next entry and exit signals to maximize returns
FMQQ Next Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for FMQQ Next's price direction in advance. Along with the technical and fundamental analysis of FMQQ Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of FMQQ 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.
| Risk Adjusted Performance | 0.0343 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0638 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FMQQ The Next. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of FMQQ The Next is measured differently than its book value, which is the value of FMQQ that is recorded on the company's balance sheet. Investors also form their own opinion of FMQQ Next's value that differs from its market value or its book value, called intrinsic value, which is FMQQ Next'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 FMQQ Next's market value can be influenced by many factors that don't directly affect FMQQ Next'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 FMQQ Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if FMQQ Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FMQQ Next'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.