Fidelity Longshort Alternative Etf Performance
| FLSA Etf | 11.86 0.02 0.17% |
The etf shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity LongShort's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity LongShort is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity LongShort Alternative are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, Fidelity LongShort may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | KSA Reduced Incentive To Own On Multiple Counts - Seeking Alpha | 09/12/2024 |
2 | Fidelity Investments Canada ULC Announces Estimated 2024 Annual Reinvested Capital Gains Distributions for Fidelity ETFs and ETF Series of Fidelity Mutual Funds... | 11/22/2024 |
Fidelity |
Fidelity LongShort Relative Risk vs. Return Landscape
If you would invest 1,103 in Fidelity LongShort Alternative on August 29, 2024 and sell it today you would earn a total of 83.00 from holding Fidelity LongShort Alternative or generate 7.52% return on investment over 90 days. Fidelity LongShort Alternative is generating 0.1167% of daily returns and assumes 0.5443% volatility on return distribution over the 90 days horizon. Simply put, 4% of etfs are less volatile than Fidelity, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Fidelity LongShort Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity LongShort's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity LongShort Alternative, and traders can use it to determine the average amount a Fidelity LongShort'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 = 0.2144
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Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Fidelity LongShort is performing at about 16% 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 LongShort by adding it to a well-diversified portfolio.
About Fidelity LongShort Performance
By analyzing Fidelity LongShort's fundamental ratios, stakeholders can gain valuable insights into Fidelity LongShort's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Fidelity LongShort 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 LongShort has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Fidelity LongShort is entity of Canada. It is traded as Etf on NEO exchange.Other Information on Investing in Fidelity Etf
Fidelity LongShort 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 LongShort security.