MicroSectors FANG Index 2X Leveraged ETN Trading 4.8 percent Higher Still a Buy?
| FNGO Etf | USD 107.90 2.58 2.34% |
About 62% of MicroSectors FANG's investor base is looking to short. The current sentiment regarding investing in MicroSectors FANG Index etf implies that many traders are alarmed. MicroSectors FANG's investing sentiment overview a quick insight into current market opportunities from investing in MicroSectors FANG Index. Many technical investors use MicroSectors FANG Index etf news signals to limit their universe of possible portfolio assets and to time the market correctly.
MicroSectors | Build AI portfolio with MicroSectors Etf |
Shares of MicroSectors FANG Index 2X Leveraged ETN rose 4.8 percent during mid-day trading on Wednesday . The company traded as high as 75.86 and last traded at 74.86. Approximately 21,670 shares traded hands during trading, a decline of 11 percent from the average daily volume of 24,370 shares. The stock had
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MicroSectors FANG Fundamental Analysis
We analyze MicroSectors FANG's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MicroSectors FANG using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MicroSectors FANG based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Asset
Total Asset Comparative Analysis
MicroSectors FANG is currently under evaluation in total asset as compared to similar ETFs. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
MicroSectors FANG Index Potential Pair-trading
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 MicroSectors FANG etf to make a market-neutral strategy. Peer analysis of MicroSectors FANG could also be used in its relative valuation, which is a method of valuing MicroSectors FANG by comparing valuation metrics with similar companies.
Peers
MicroSectors FANG Related Equities
| FNGD | MicroSectors FANG | 3.66 | ||||
| WANT | Direxion Daily | 0.36 | ||||
| BNKU | Bank of Montreal | 1.22 | ||||
| FNGS | MicroSectors FANG | 1.47 | ||||
| WEBL | Direxion Daily | 3.07 |
Other Information on Investing in MicroSectors Etf
MicroSectors FANG financial ratios help investors to determine whether MicroSectors Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MicroSectors with respect to the benefits of owning MicroSectors FANG security.