Formidable Fortress Etf Market Value
| KONG Etf | USD 30.92 0.14 0.45% |
| Symbol | Formidable |
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.
Formidable Fortress 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Formidable Fortress' etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Formidable Fortress.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Formidable Fortress on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Formidable Fortress ETF or generate 0.0% return on investment in Formidable Fortress over 30 days. Formidable Fortress is related to or competes with Vanguard Mid, IShares Core, SPDR SP, and Vanguard. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equit... More
Formidable Fortress Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Formidable Fortress' etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Formidable Fortress ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.0097 | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.29 |
Formidable Fortress Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formidable Fortress' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formidable Fortress' standard deviation. In reality, there are many statistical measures that can use Formidable Fortress historical prices to predict the future Formidable Fortress' volatility.| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | 0.0289 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0079 | |||
| Treynor Ratio | 0.1528 |
Formidable Fortress ETF Backtested Returns
At this point, Formidable Fortress is very steady. Formidable Fortress ETF secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Formidable Fortress ETF, which you can use to evaluate the volatility of the entity. Please confirm Formidable Fortress' Mean Deviation of 0.5982, downside deviation of 1.37, and Coefficient Of Variation of 801.1 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The etf shows a Beta (market volatility) of 0.85, which means possible diversification benefits within a given portfolio. As returns on the market increase, Formidable Fortress' returns are expected to increase less than the market. However, during the bear market, the loss of holding Formidable Fortress is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Formidable Fortress ETF has good predictability. Overlapping area represents the amount of predictability between Formidable Fortress time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Formidable Fortress ETF price movement. The serial correlation of 0.75 indicates that around 75.0% of current Formidable Fortress price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Formidable Fortress ETF lagged returns against current returns
Autocorrelation, which is Formidable Fortress etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Formidable Fortress' etf expected returns. We can calculate the autocorrelation of Formidable Fortress returns to help us make a trade decision. For example, suppose you find that Formidable Fortress has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Formidable Fortress regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Formidable Fortress etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formidable Fortress etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formidable Fortress etf over time.
Current vs Lagged Prices |
| Timeline |
Formidable Fortress Lagged Returns
When evaluating Formidable Fortress' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formidable Fortress etf have on its future price. Formidable Fortress autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Formidable Fortress autocorrelation shows the relationship between Formidable Fortress etf current value and its past values and can show if there is a momentum factor associated with investing in Formidable Fortress ETF.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Formidable Fortress ETF is a strong investment it is important to analyze Formidable Fortress' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Formidable Fortress' future performance. For an informed investment choice regarding Formidable Etf, refer to the following important reports:Check out Formidable Fortress Correlation, Formidable Fortress Volatility and Formidable Fortress Alpha and Beta module to complement your research on Formidable Fortress. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.