(FNGO) MicroSectors FANG+ Index 2X - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US0636798565 • Trading--Leveraged Equity
FNGO: Technology, Stocks, Internet, Social Media, E-commerce
The MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) is a senior unsecured medium-term note issued by Bank of Montreal. It offers investors 2X leveraged exposure to the daily performance of the FANG+ Index, compounded daily, with deductions for a Daily Investor Fee, a Daily Financing Charge, and a potential Redemption Fee Amount. The FANG+ Index is an equal-dollar weighted index tracking highly liquid growth stocks within the technology and consumer discretionary sectors, focusing on companies at the forefront of technological innovation and digital transformation.
Ticker Symbol: FNGO | Exchange: NYSE ARCA | Type: ETN | Country Origin: USA | Category: Leveraged Equity Trading. The ETNs technical profile shows an average 20-day volume of 16,872 shares, with a last price of $83.34. Its short-term SMA (20-day) is $97.12, while the medium-term SMA (50-day) is $96.55, and the long-term SMA (200-day) is $78.69. The ATR is 4.14, reflecting moderate volatility. The fundamental profile indicates an AUM of $497.59M USD, positioning it as a mid-sized leveraged product in its category.
3-Month Forecast: Based on the technical and fundamental data, FNGO is likely to face headwinds in the near term. The SMA crossover suggests a bearish trend, with the 20-day SMA below the 50-day SMA. The ATR indicates moderate volatility, which could amplify price movements. With the 200-day SMA at $78.69, support levels may be tested if the current downtrend persists. The AUM of $497.59M suggests sufficient liquidity but may not buffer against broader market declines. Overall, FNGO is expected to remain under pressure, with potential downside targeting the $70-$75 range over the next three months.
Additional Sources for FNGO ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
FNGO ETF Overview
Market Cap in USD | 380m |
Category | Trading--Leveraged Equity |
TER | 0.95% |
IPO / Inception | 2018-08-01 |
FNGO ETF Ratings
Growth 5y | 79.6% |
Fundamental | - |
Dividend | 0.0% |
Rel. Strength Industry | 20.4 |
Analysts | - |
Fair Price Momentum | 76.28 USD |
Fair Price DCF | - |
FNGO Dividends
No Dividends PaidFNGO Growth Ratios
Growth Correlation 3m | -40.9% |
Growth Correlation 12m | 85.1% |
Growth Correlation 5y | 57.5% |
CAGR 5y | 59.07% |
CAGR/Max DD 5y | 0.75 |
Sharpe Ratio 12m | 1.28 |
Alpha | 8.33 |
Beta | 3.20 |
Volatility | 79.96% |
Current Volume | 24.1k |
Average Volume 20d | 23.9k |
As of March 15, 2025, the stock is trading at USD 75.37 with a total of 24,121 shares traded.
Over the past week, the price has changed by -1.31%, over one month by -27.80%, over three months by -27.36% and over the past year by +33.30%.
Yes. Based on ValueRay Analyses, MicroSectors FANG+ Index 2X (NYSE ARCA:FNGO) is currently (March 2025) a good stock to buy. It has a ValueRay Growth Rating of 79.62 and therefor a clear technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of FNGO as of March 2025 is 76.28. This means that FNGO is currently overvalued and has a potential downside of 1.21%.
MicroSectors FANG+ Index 2X has no consensus analysts rating.
According to ValueRays Forecast Model, FNGO MicroSectors FANG+ Index 2X will be worth about 91.5 in March 2026. The stock is currently trading at 75.37. This means that the stock has a potential upside of +21.45%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 91.5 | 21.5% |