Formidable Fortress Etf Price on July 22, 2024
| KONG Etf | USD 30.86 0.02 0.06% |
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 Fortress stands at 30.86, as last reported on the 30th of November, with the highest price reaching 30.86 and the lowest price hitting 30.86 during the day. Formidable Fortress appears to be very steady, given 3 months investment horizon. Formidable Fortress ETF secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the etf had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Formidable Fortress ETF, which you can use to evaluate the volatility of the entity. Please utilize Formidable Fortress' Downside Deviation of 1.34, mean deviation of 0.5983, and Coefficient Of Variation of 869.08 to check if our risk estimates are consistent with your expectations.
Formidable Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Formidable |
Sharpe Ratio = 0.2425
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | KONG | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.87 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Formidable Fortress is performing at about 19% 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 Fortress by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 51.2 K |
Formidable Fortress Main Headline on 22nd of July 2024
Hong Kong to launch Asias first inverse Bitcoin ETF - Cointe... by news.google.com
Hong Kong to launch Asias first inverse Bitcoin ETF Cointelegraph
Formidable Fortress Valuation on July 22, 2024
It is possible to determine the worth of Formidable Fortress on a given historical date. On July 22, 2024 Formidable was worth 27.77 at the beginning of the trading date compared to the closed value of 27.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formidable Fortress etf. Still, in general, we apply an absolute valuation method to find Formidable Fortress' 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 Fortress where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formidable Fortress' related companies.
| Open | High | Low | Close | Volume | |
| 27.58 | 27.58 | 27.58 | 27.58 | 100.00 | |
07/22/2024 | 27.77 | 27.77 | 27.77 | 27.77 | 100.00 |
| 27.64 | 27.64 | 27.64 | 27.64 | 1.00 |
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Formidable Fortress Trading Date Momentum on July 22, 2024
| On July 23 2024 Formidable Fortress ETF was traded for 27.64 at the closing time. The top price for the day was 27.64 and the lowest listed price was 27.64 . There was no trading activity during the period 1.0. Lack of trading volume on July 23, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.47% . The overall trading delta against the current closing price is 0.43% . |
Formidable Fortress ETF Fundamentals Correlations and Trends
By evaluating Formidable Fortress' 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 Fortress' 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 Fortress Etf history
Formidable Fortress 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 Fortress 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 Fortress stock prices may prove useful in developing a viable investing in Formidable Fortress
Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts , and other equity investments or ownership interests in business enterprises. Opportunities Formidable is traded on NYSEARCA Exchange in the United States.
Formidable Fortress Etf Technical Analysis
Formidable Fortress 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 Fortress Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Formidable Fortress 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 Fortress November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Formidable Fortress 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 Fortress shares will generate the highest return on investment. By undertsting and applying Formidable Fortress etf market strength indicators, traders can identify Formidable Fortress ETF entry and exit signals to maximize returns
Formidable Fortress Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formidable Fortress' 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 | 0.0911 | |||
| Jensen Alpha | 0.0098 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1392 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Formidable Fortress 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 board of governors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Formidable Fortress 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 Fortress' value that differs from its market value or its book value, called intrinsic value, which is Formidable Fortress' 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 Fortress' market value can be influenced by many factors that don't directly affect Formidable Fortress' 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 Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if Formidable Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formidable Fortress' 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.