FID 2.51% $8.59 fiducian group limited

Just out of curiosity... I am guessing FUM is very closely...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 355 Posts.
    lightbulb Created with Sketch. 52
    Just out of curiosity... I am guessing FUM is very closely correlated to how the market is performing. And this correlation will likely have a Beta greater than 1 (that in a rising market inflows are likely to be larger and in a falling market we will have redemptions). I really like the FID model, but in the case of a 20% market "correction" in the next 1-3 years how would this impact the FUM of FID? Would such a correction put FID back into neutral or no profit territory or are we well past that stage?
 
watchlist Created with Sketch. Add FID (ASX) to my watchlist
(20min delay)
Last
$8.59
Change
0.210(2.51%)
Mkt cap ! $270.3M
Open High Low Value Volume
$8.38 $8.59 $8.38 $66.48K 7.789K

Buyers (Bids)

No. Vol. Price($)
1 70 $8.43
 

Sellers (Offers)

Price($) Vol. No.
$8.59 816 1
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
FID (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.