Microsectors Fang Index Etf Price on September 25, 2024
| FNGU Etf | USD 506.42 0.60 0.12% |
Below is the normalized historical share price chart for MicroSectors FANG Index extending back to January 23, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of MicroSectors FANG stands at 506.42, as last reported on the 22nd of November, with the highest price reaching 519.43 and the lowest price hitting 486.23 during the day.
If you're considering investing in MicroSectors Etf, it is important to understand the factors that can impact its price. MicroSectors FANG appears to be very steady, given 3 months investment horizon. MicroSectors FANG Index has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. By analyzing MicroSectors FANG's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise MicroSectors FANG's Mean Deviation of 3.23, risk adjusted performance of 0.0655, and Downside Deviation of 5.21 to check out if our risk estimates are consistent with your expectations.
MicroSectors Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 87.99 | 200 Day MA 384.7292 | 1 y Volatility 57.94 | 50 Day MA 444.4964 | Inception Date 2018-01-22 |
MicroSectors |
Sharpe Ratio = 0.1155
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FNGU | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.3 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average MicroSectors FANG is performing at about 9% of its full potential. 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 MicroSectors FANG by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 924.8 K |
MicroSectors FANG Valuation on September 25, 2024
It is possible to determine the worth of MicroSectors FANG on a given historical date. On September 25, 2024 MicroSectors was worth 413.52 at the beginning of the trading date compared to the closed value of 416.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MicroSectors FANG etf. Still, in general, we apply an absolute valuation method to find MicroSectors FANG'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 MicroSectors FANG where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MicroSectors FANG's related companies.
| Open | High | Low | Close | Volume | |
| 416.20 | 420.23 | 399.30 | 418.43 | 712,061 | |
09/25/2024 | 413.52 | 424.29 | 413.00 | 416.13 | 506,475 |
| 430.60 | 430.66 | 402.57 | 413.20 | 939,596 |
| Backtest MicroSectors FANG | | | MicroSectors FANG History | | | MicroSectors FANG Valuation | Previous | Next |
MicroSectors FANG Trading Date Momentum on September 25, 2024
| On September 26 2024 MicroSectors FANG Index was traded for 413.20 at the closing time. The top price for the day was 430.66 and the lowest listed price was 402.57 . The trading volume for the day was 939.6 K. The trading history from September 26, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.70% . The trading delta at closing time against the current closing price is 0.36% . |
MicroSectors FANG Index Fundamentals Correlations and Trends
By evaluating MicroSectors FANG'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 MicroSectors FANG's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MicroSectors financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MicroSectors FANG Etf history
MicroSectors FANG 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 MicroSectors is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MicroSectors FANG Index 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 MicroSectors FANG stock prices may prove useful in developing a viable investing in MicroSectors FANG
The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. Microsectors Fang is traded on NYSEARCA Exchange in the United States.
MicroSectors FANG Etf Technical Analysis
MicroSectors FANG 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
MicroSectors FANG Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
MicroSectors FANG Index 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.
MicroSectors FANG November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how MicroSectors FANG etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MicroSectors FANG shares will generate the highest return on investment. By undertsting and applying MicroSectors FANG etf market strength indicators, traders can identify MicroSectors FANG Index entry and exit signals to maximize returns
MicroSectors FANG Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MicroSectors FANG's price direction in advance. Along with the technical and fundamental analysis of MicroSectors Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of MicroSectors 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 | 0.0655 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0436 | |||
| Treynor Ratio | 0.0985 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in MicroSectors FANG Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of MicroSectors FANG Index is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors FANG's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors FANG'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 MicroSectors FANG's market value can be influenced by many factors that don't directly affect MicroSectors FANG'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 MicroSectors FANG's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors FANG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors FANG'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.