Fidelity Metaverse Financial Statements From 2010 to 2024
| FMET Etf | USD 30.40 0.20 0.65% |
Check Fidelity Metaverse financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fidelity Metaverse's main balance sheet or income statement drivers, such as , as well as many indicators such as . Fidelity financial statements analysis is a perfect complement when working with Fidelity Metaverse Valuation or Volatility modules.
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Fidelity Metaverse ETF ETF One Year Return Analysis
Fidelity Metaverse's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Fidelity Metaverse One Year Return | 15.00 % |
Most of Fidelity Metaverse's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fidelity Metaverse ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Fidelity Metaverse ETF has an One Year Return of 15.0%. This is 35.01% lower than that of the Fidelity Investments family and significantly higher than that of the Communications category. The one year return for all United States etfs is notably lower than that of the firm.
About Fidelity Metaverse Financial Statements
Fidelity Metaverse shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Fidelity Metaverse investors may analyze each financial statement separately, they are all interrelated. The changes in Fidelity Metaverse's assets and liabilities, for example, are also reflected in the revenues and expenses on on Fidelity Metaverse's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund normally invests at least 80 percent of assets in securities included in the index and in depositary receipts representing securities included in the index. Fidelity Metaverse is traded on NASDAQ Exchange in the United States.
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Check out the analysis of Fidelity Metaverse Correlation against competitors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of Fidelity Metaverse ETF 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 Metaverse's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Metaverse'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 Metaverse's market value can be influenced by many factors that don't directly affect Fidelity Metaverse'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 Metaverse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Metaverse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Metaverse'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.