Formidable Etf Price on July 30, 2024
| FORH Etf | USD 22.75 0.23 1.02% |
If you're considering investing in Formidable Etf, it is important to understand the factors that can impact its price. As of today, the current price of Formidable ETF stands at 22.75, as last reported on the 30th of November, with the highest price reaching 22.75 and the lowest price hitting 22.75 during the day. Formidable ETF is very steady at the moment. Formidable ETF secures Sharpe Ratio (or Efficiency) of 0.0433, which denotes the etf had a 0.0433% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Formidable ETF, which you can use to evaluate the volatility of the entity. Please confirm Formidable ETF's Mean Deviation of 0.5781, downside deviation of 0.6838, and Coefficient Of Variation of 5062.7 to check if the risk estimate we provide is consistent with the expected return of 0.0315%.
Formidable Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Formidable |
Sharpe Ratio = 0.0433
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| Negative Returns | FORH |
Estimated Market Risk
| 0.73 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Formidable ETF is performing at about 3% 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 Formidable ETF by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 7.8 K |
Formidable ETF Valuation on July 30, 2024
It is possible to determine the worth of Formidable ETF on a given historical date. On July 30, 2024 Formidable was worth 22.74 at the beginning of the trading date compared to the closed value of 22.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formidable ETF etf. Still, in general, we apply an absolute valuation method to find Formidable ETF'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 Formidable ETF where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formidable ETF's related companies.
| Open | High | Low | Close | Volume | |
| 22.98 | 22.98 | 22.83 | 22.83 | 266.00 | |
07/30/2024 | 22.74 | 22.94 | 22.73 | 22.80 | 2,438 |
| 22.89 | 23.01 | 22.87 | 23.01 | 3,000 |
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Formidable ETF Trading Date Momentum on July 30, 2024
| On July 31 2024 Formidable ETF was traded for 23.01 at the closing time. The top price for the day was 23.01 and the lowest listed price was 22.87 . The trading volume for the day was 3 K. The trading history from July 31, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 0.92% . The overall trading delta against the current closing price is 4.65% . |
Formidable ETF Fundamentals Correlations and Trends
By evaluating Formidable ETF'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 Formidable ETF's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formidable financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formidable ETF Etf history
Formidable ETF 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 Formidable is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formidable ETF 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 Formidable ETF stock prices may prove useful in developing a viable investing in Formidable ETF
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.
Formidable ETF Etf Technical Analysis
Formidable ETF 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
Formidable ETF Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Formidable ETF 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.
Formidable ETF November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Formidable ETF etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formidable ETF shares will generate the highest return on investment. By undertsting and applying Formidable ETF etf market strength indicators, traders can identify Formidable ETF entry and exit signals to maximize returns
Formidable ETF Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formidable ETF's price direction in advance. Along with the technical and fundamental analysis of Formidable Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formidable 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 | 0.0149 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.0103 |
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| Volume Indicators |
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.