Fnga New Stock Today
FNGA New is trading at 433.90 as of the 19th of July 2025, 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 20th of April 2025 and ending today, the 19th of July 2025. 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 | (0.03) |
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. If investors know FNGA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FNGA New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of FNGA New is measured differently than its book value, which is the value of FNGA that is recorded on the company's balance sheet. Investors also form their own opinion of FNGA New's value that differs from its market value or its book value, called intrinsic value, which is FNGA New'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 FNGA New's market value can be influenced by many factors that don't directly affect FNGA New'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 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. However, FNGA New'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.