Fidelity Momentum Etf Price on October 29, 2024
| FCMO Etf | 17.51 0.13 0.74% |
Below is the normalized historical share price chart for Fidelity Momentum ETF extending back to June 05, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fidelity Momentum stands at 17.51, as last reported on the 27th of November, with the highest price reaching 17.79 and the lowest price hitting 17.51 during the day.
If you're considering investing in Fidelity Etf, it is important to understand the factors that can impact its price. Fidelity Momentum appears to be very steady, given 3 months investment horizon. Fidelity Momentum ETF secures Sharpe Ratio (or Efficiency) of 0.3, which denotes the etf had a 0.3% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fidelity Momentum ETF, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Momentum's Mean Deviation of 0.6457, downside deviation of 0.8802, and Coefficient Of Variation of 344.25 to check if our risk estimates are consistent with your expectations.
Fidelity Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Fidelity |
Sharpe Ratio = 0.3017
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Estimated Market Risk
| 0.95 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.3 actual daily | 23 77% of assets perform better |
Based on monthly moving average Fidelity Momentum is performing at about 23% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Momentum by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Fidelity Momentum Valuation on October 29, 2024
It is possible to determine the worth of Fidelity Momentum on a given historical date. On October 29, 2024 Fidelity was worth 16.48 at the beginning of the trading date compared to the closed value of 16.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fidelity Momentum etf. Still, in general, we apply an absolute valuation method to find Fidelity Momentum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fidelity Momentum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fidelity Momentum's related companies.
| Open | High | Low | Close | Volume | |
| 16.39 | 16.41 | 16.38 | 16.38 | 42,236 | |
10/29/2024 | 16.48 | 16.48 | 16.33 | 16.43 | 1,456 |
| 16.31 | 16.44 | 16.31 | 16.31 | 3,175 |
| Backtest Fidelity Momentum | | | Fidelity Momentum History | Previous | Next |
Fidelity Momentum Trading Date Momentum on October 29, 2024
| On October 30 2024 Fidelity Momentum ETF was traded for 16.31 at the closing time. The highest price during the trading period was 16.44 and the lowest recorded bid was listed for 16.31 . The volume for the day was 3.2 K. This history from October 30, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.73% . The overall trading delta to the current price is 3.90% . |
About Fidelity Momentum Etf history
Fidelity Momentum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fidelity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fidelity Momentum ETF will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fidelity Momentum stock prices may prove useful in developing a viable investing in Fidelity Momentum
Fidelity Momentum Etf Technical Analysis
Fidelity Momentum technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Fidelity Momentum Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Fidelity Momentum ETF cannot be verified against its exchange. Please verify the symbol is currently traded on NEO Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fidelity Momentum November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Fidelity Momentum etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fidelity Momentum shares will generate the highest return on investment. By undertsting and applying Fidelity Momentum etf market strength indicators, traders can identify Fidelity Momentum ETF entry and exit signals to maximize returns
Fidelity Momentum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fidelity Momentum's price direction in advance. Along with the technical and fundamental analysis of Fidelity Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fidelity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2239 | |||
| Jensen Alpha | 0.1984 | |||
| Total Risk Alpha | 0.1143 | |||
| Sortino Ratio | 0.1604 | |||
| Treynor Ratio | 0.4983 |
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Other Information on Investing in Fidelity Etf
Fidelity Momentum financial ratios help investors to determine whether Fidelity Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Momentum security.