MicroSectors FANG Value At Risk
| FNGD Etf | | | USD 67.58 -3.21 -4.53% |
Historical market data for MicroSectors FANG Index forms the basis of the Value At Risk indicator shown here. Related indicator context is organized within
Equity Screeners. MicroSectors FANG has a market cap of 38.85 B, operating margin of 32.61%, ROE of 10.9%. Use
Investing Opportunities to explore allocation context. This suggests a position in MicroSectors FANG Index. Position weights are derived from the portfolio construction methodology. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in census.
MicroSectors FANG Index has current Value At Risk of
-4.14. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -4.14 | |
| ER[a] | = | Expected return on investing in MicroSectors FANG |
| STD | = | Standard Deviation of MicroSectors FANG |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
MicroSectors FANG Index is rated
below average for value at risk among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
Compare MicroSectors FANG to Peers
Other Technical Indicators