Fnga New Stock Today
FNGA New is trading at 433.90 as of the 29th of January 2026, a No Change since the beginning of the trading day. The stock's open price was 433.9. FNGA New symbol was changed from FNGU on 3rd of March 2025. The performance scores are derived for the period starting the 31st of October 2025 and ending today, the 29th of January 2026. Click here to learn more.
FNGA Stock Highlights
| Older Symbol | FNGU |
| Old Name | MicroSectors FANG+ Index 3X Leveraged ETN |
FNGA New (FNGA) is traded on NASDAQ Exchange in USA . FNGA New was previously known as MicroSectors FANG Index and was traded on NYSE ARCA Exchange under the symbol FNGU.
Check FNGA New Probability Of Bankruptcy
FNGA New Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. FNGA New market risk premium is the additional return an investor will receive from holding FNGA New long position in a well-diversified portfolio.
| Mean Deviation | 5.31 | |||
| Standard Deviation | 8.21 | |||
| Variance | 67.45 | |||
| Risk Adjusted Performance | (0.02) |
FNGA Stock Against Markets
FNGA New Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with FNGA New stock to make a market-neutral strategy. Peer analysis of FNGA New could also be used in its relative valuation, which is a method of valuing FNGA New by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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Is Stock space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FNGA New. Market participants price FNGA higher when confident in its future expansion prospects. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive FNGA New assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Investors evaluate FNGA New using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating FNGA New's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause FNGA New's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between FNGA New's value and its price as these two are different measures arrived at by different means. Investors typically determine if FNGA New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, FNGA New's market price signifies the transaction level at which participants voluntarily complete trades.