Microsectors Fang Index Etf Performance
| FNGU Etf | USD 506.42 0.60 0.12% |
The etf secures a Beta (Market Risk) of 3.41, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MicroSectors FANG will likely underperform.
Risk-Adjusted Performance
9 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in MicroSectors FANG Index are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively conflicting technical and fundamental indicators, MicroSectors FANG unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | 0.36 |
MicroSectors |
MicroSectors FANG Relative Risk vs. Return Landscape
If you would invest 39,120 in MicroSectors FANG Index on August 24, 2024 and sell it today you would earn a total of 11,522 from holding MicroSectors FANG Index or generate 29.45% return on investment over 90 days. MicroSectors FANG Index is currently generating 0.5048% in daily expected returns and assumes 4.3361% risk (volatility on return distribution) over the 90 days horizon. In different words, 38% of etfs are less volatile than MicroSectors, and 90% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
MicroSectors FANG Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MicroSectors FANG's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MicroSectors FANG Index, and traders can use it to determine the average amount a MicroSectors FANG's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1164
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.34 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.
MicroSectors FANG Fundamentals Growth
MicroSectors Etf prices reflect investors' perceptions of the future prospects and financial health of MicroSectors FANG, and MicroSectors FANG fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on MicroSectors Etf performance.
| Total Asset | 530.56 M | |||
About MicroSectors FANG Performance
Assessing MicroSectors FANG's fundamental ratios provides investors with valuable insights into MicroSectors FANG's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the MicroSectors FANG is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
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 appears to be risky and price may revert if volatility continues | |
| The fund retains all of its assets under management (AUM) in equities |
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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.