Fidelity Crypto Industry Etf Performance
| FDIG Etf | USD 39.33 2.86 7.84% |
The etf shows a Beta (market volatility) of 3.3, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Crypto will likely underperform.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Crypto Industry are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain forward indicators, Fidelity Crypto reported solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | On The My Stocks Page - Stock Traders Daily | 09/19/2024 |
2 | FDIG This Crypto ETF Looks Well-Positioned Ahead of Presidential Election - Yahoo Finance | 10/25/2024 |
3 | FYEE, FDIG 2 Fidelity ETFs with Over 10 percent Upside Potential, According to Analysts - TipRanks | 11/15/2024 |
Fidelity |
Fidelity Crypto Relative Risk vs. Return Landscape
If you would invest 2,662 in Fidelity Crypto Industry on August 30, 2024 and sell it today you would earn a total of 1,271 from holding Fidelity Crypto Industry or generate 47.75% return on investment over 90 days. Fidelity Crypto Industry is currently generating 0.7098% in daily expected returns and assumes 4.2964% risk (volatility on return distribution) over the 90 days horizon. In different words, 38% of etfs are less volatile than Fidelity, and 86% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Fidelity Crypto Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Crypto's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Crypto Industry, and traders can use it to determine the average amount a Fidelity Crypto's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1652
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Estimated Market Risk
| 4.3 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Fidelity Crypto is performing at about 13% 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 Crypto by adding it to a well-diversified portfolio.
Fidelity Crypto Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Crypto, and Fidelity Crypto fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fidelity Etf performance.
| Total Asset | 18.3 M | |||
About Fidelity Crypto Performance
By analyzing Fidelity Crypto's fundamental ratios, stakeholders can gain valuable insights into Fidelity Crypto's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Fidelity Crypto has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fidelity Crypto has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The fund ormally invests at least 80 percent of assets in equity securities included in the index and in depositary receipts representing securities included in the index. Fidelity Crypto is traded on NASDAQ Exchange in the United States.| Fidelity Crypto appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: FYEE, FDIG 2 Fidelity ETFs with Over 10 percent Upside Potential, According to Analysts - TipRanks | |
| The fund retains 99.85% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Crypto Industry. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
The market value of Fidelity Crypto Industry 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 Crypto's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Crypto'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 Crypto's market value can be influenced by many factors that don't directly affect Fidelity Crypto'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 Crypto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Crypto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Crypto'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.