Formidable Etf Profile
| FORH Etf | USD 22.85 0.36 1.55% |
Performance5 of 100
| Odds Of DistressLess than 9
|
Formidable ETF is trading at 22.85 as of the 2nd of May 2024. This is a -1.55 percent decrease since the beginning of the trading day. The etf's open price was 23.21. Formidable ETF has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Formidable ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of April 2024 and ending today, the 2nd of May 2024. Click here to learn more.
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. More on Formidable ETF
Moving together with Formidable Etf
| 0.78 | VO | Vanguard Mid Cap | PairCorr |
| 0.75 | IJH | iShares Core SP | PairCorr |
| 0.77 | IWR | iShares Russell Mid Sell-off Trend | PairCorr |
| 0.75 | MDY | SPDR SP MIDCAP | PairCorr |
| 0.8 | IVOO | Vanguard SP Mid | PairCorr |
Formidable Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Formidable ETF's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Formidable ETF or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Global Macro ETFs, Absolute Returns ETFs, Mid-Cap Blend, Formidable Funds (View all Sectors) |
| Issuer | Formidable Asset Management |
| Inception Date | 2021-04-28 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 26.86 Million |
| Asset Type | Multi Asset |
| Category | Absolute Returns |
| Focus | Global Macro |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Commonwealth Fund Services, Inc. |
| Advisor | Formidable Asset Management, LLC |
| Custodian | Citibank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Will Brown, Adam Eagleston, Michael Venuto, Charles A. Ragauss |
| Transfer Agent | Citi Fund Services Ohio, Inc. |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 60.0 |
| Market Maker | GTS |
| Total Expense | 1.19 |
| Management Fee | 1.19 |
| Country Name | USA |
| Returns Y T D | 2.28 |
| Name | Formidable ETF |
| Currency Code | USD |
| Open Figi | BBG010L8SW88 |
| 1y Volatility | 15.43 |
| 200 Day M A | 22.4917 |
| 50 Day M A | 22.6513 |
| Code | FORH |
| Updated At | 1st of May 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Formidable ETF [FORH] is traded in USA and was established 2021-04-29. The fund is listed under Mid-Cap Blend category and is part of Formidable Funds family. The entity is thematically classified as Global Macro ETFs. Formidable ETF currently have 26.65 M in assets under management (AUM). , while the total return for the last 3 years was -0.1%.
Check Formidable ETF Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Formidable Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Formidable Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Formidable ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Formidable ETF Etf Constituents
| ARLP | Alliance Resource Partners | Stock | Energy |
| CPRI | Capri Holdings | Stock | Consumer Discretionary |
| LAAC | Lithium Americas Corp | Stock | Other Industrial Metals & Mining |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary |
| BCAB | BioatlaInc | Stock | Health Care |
| BTE | Baytex Energy Corp | Stock | Energy |
| MO | Altria Group | Stock | Consumer Staples |
Formidable ETF Target Price Odds Analysis
Coming from a normal probability distribution, the odds of Formidable ETF jumping above the current price in 90 days from now is about 26.54%. The Formidable ETF probability density function shows the probability of Formidable ETF etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.1012. This usually indicates Formidable ETF market returns are responsive to returns on the market. As the market goes up or down, Formidable ETF is expected to follow. Additionally, formidable ETF has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Formidable ETF to move above the current price in 90 days from now is about 26.54 (This Formidable ETF probability density function shows the probability of Formidable Etf to fall within a particular range of prices over 90 days) .
Formidable ETF Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Formidable ETF market risk premium is the additional return an investor will receive from holding Formidable ETF long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Formidable ETF. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Formidable ETF's alpha and beta are two of the key measurements used to evaluate Formidable ETF's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0417 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0011 |
Formidable ETF Against Markets
Picking the right benchmark for Formidable ETF etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Formidable ETF etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Formidable ETF is critical whether you are bullish or bearish towards Formidable ETF at a given time. Please also check how Formidable ETF's historical prices are related to one of the top price index indicators.
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| All Next | Launch Module |
How to buy Formidable Etf?
Before investing in Formidable ETF, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Formidable ETF. To buy Formidable ETF etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Formidable ETF. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Formidable ETF etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Formidable ETF etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Formidable ETF etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Formidable ETF, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Formidable Etf please use our How to Invest in Formidable ETF guide.
Already Invested in Formidable ETF?
The danger of trading Formidable ETF is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Formidable ETF is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Formidable ETF. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Formidable ETF is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Formidable ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Formidable ETF's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Formidable Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Formidable Etf: 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 tightly coupled 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.