Fidelity Momentum Factor Etf Profile
| FDMO Etf | USD 71.02 0.33 0.47% |
Performance12 of 100
| Odds Of DistressLess than 9
|
Fidelity Momentum is selling at 71.02 as of the 22nd of November 2024; that is 0.47 percent increase since the beginning of the trading day. The etf's open price was 70.69. Fidelity Momentum has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Fidelity Momentum Factor are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of December 2022 and ending today, the 22nd of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of assets in securities included in the Fidelity U.S. Fidelity Momentum is traded on NYSEARCA Exchange in the United States. More on Fidelity Momentum Factor
Moving together with Fidelity Etf
Fidelity Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Large Cap ETFs, Size And Style ETFs, Large Growth, Fidelity Investments (View all Sectors) |
| Issuer | Fidelity |
| Inception Date | 2016-09-15 |
| Benchmark | Fidelity U.S. Momentum Factor Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 372.73 Million |
| Average Trading Valume | 32,294.5 |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Fidelity Service Company, Inc. |
| Advisor | FMR Co., Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | Fidelity Distributors Corporation |
| Portfolio Manager | Deane Gyllenhaal, Patrick Waddell, Louis Bottari, Peter Matthew, Robert Regan, Thomas Brussard Jr |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Mar |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 131 |
| Market Maker | Virtu Financial |
| Total Expense | 0.15 |
| Management Fee | 0.15 |
| Country Name | USA |
| Returns Y T D | 34.25 |
| Name | Fidelity Momentum Factor ETF |
| Currency Code | USD |
| Open Figi | BBG00DRGLGS7 |
| In Threey Volatility | 17.68 |
| 1y Volatility | 13.69 |
| 200 Day M A | 62.6563 |
| 50 Day M A | 67.4736 |
| Code | FDMO |
| Updated At | 22nd of November 2024 |
| Currency Name | US Dollar |
Fidelity Momentum Factor [FDMO] is traded in USA and was established 2016-09-12. The fund is listed under Large Growth category and is part of Fidelity Investments family. The entity is thematically classified as Large Cap ETFs. Fidelity Momentum Factor currently have 96.56 M in assets under management (AUM). , while the total return for the last 3 years was 10.4%.
Check Fidelity Momentum Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity Momentum Factor Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Fidelity Momentum Factor Etf Constituents
| ARWR | Arrowhead Pharmaceuticals | Stock | Health Care | |
| JPM | JPMorgan Chase Co | Stock | Financials | |
| XOM | Exxon Mobil Corp | Stock | Energy | |
| VZ | Verizon Communications | Stock | Communication Services | |
| V | Visa Class A | Stock | Financials | |
| UNH | UnitedHealth Group Incorporated | Stock | Health Care | |
| TSLA | Tesla Inc | Stock | Consumer Discretionary | |
| TMO | Thermo Fisher Scientific | Stock | Health Care |
Fidelity Momentum Top Holders
| NFDIX | Newfound Risk Managed | Mutual Fund | Tactical Allocation |
Fidelity Momentum Factor Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Momentum. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.0382 | |||
| Total Risk Alpha | 0.0057 | |||
| Sortino Ratio | 0.0378 |
Fidelity Momentum Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Momentum Factor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
The market value of Fidelity Momentum Factor is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Momentum's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Momentum'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 Fidelity Momentum's market value can be influenced by many factors that don't directly affect Fidelity Momentum'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 Fidelity Momentum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Momentum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Momentum'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.