Formidable Etf Performance
| FORH Etf | USD 22.56 0.12 0.53% |
The etf shows a Beta (market volatility) of 0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, Formidable ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Formidable ETF is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Formidable ETF has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong basic indicators, Formidable ETF is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders. ...more
1 | Ninepoint Partners Announces November 2024 Cash Distributions for ETF Series Securities - Yahoo Finance | 11/22/2024 |
| In Threey Sharp Ratio | -0.20 |
Formidable |
Formidable ETF Relative Risk vs. Return Landscape
If you would invest 2,279 in Formidable ETF on August 29, 2024 and sell it today you would lose (23.00) from holding Formidable ETF or give up 1.01% of portfolio value over 90 days. Formidable ETF is currently does not generate positive expected returns and assumes 0.7398% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Formidable, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Formidable ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formidable ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Formidable ETF, and traders can use it to determine the average amount a Formidable ETF'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 = -0.0178
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| Negative Returns | FORH |
Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formidable ETF is not performing at its full potential. However, 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 Formidable ETF to a well-diversified portfolio.
Formidable ETF Fundamentals Growth
Formidable Etf prices reflect investors' perceptions of the future prospects and financial health of Formidable ETF, and Formidable ETF 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 Formidable Etf performance.
| Total Asset | 26.65 M | |||
About Formidable ETF Performance
By evaluating Formidable ETF's fundamental ratios, stakeholders can gain valuable insights into Formidable ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Formidable ETF has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Formidable ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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 generated a negative expected return over the last 90 days | |
| Latest headline from prnewswire.com: Le FMF 2025 accueillera le plus grand rassemblement de services gologiques internationaux et la runion inaugurale des centres dexcellence | |
| 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 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.