Fidelity Momentum Etf Net Asset
| FCMO Etf | 17.38 0.13 0.75% |
Fidelity Momentum ETF fundamentals help investors to digest information that contributes to Fidelity Momentum's financial success or failures. It also enables traders to predict the movement of Fidelity Etf. The fundamental analysis module provides a way to measure Fidelity Momentum's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fidelity Momentum etf.
Fidelity |
Fidelity Momentum ETF ETF Net Asset Analysis
Fidelity Momentum's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Based on the recorded statements, Fidelity Momentum ETF has a Net Asset of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Net Asset (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Fidelity Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fidelity Momentum's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Fidelity Momentum could also be used in its relative valuation, which is a method of valuing Fidelity Momentum by comparing valuation metrics of similar companies.Fidelity Momentum is currently under evaluation in net asset as compared to similar ETFs.
About Fidelity Momentum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fidelity Momentum ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Momentum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Momentum ETF based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Fidelity Momentum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity Momentum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity Momentum will appreciate offsetting losses from the drop in the long position's value.Moving together with Fidelity Etf
Moving against Fidelity Etf
| 0.75 | TCLB | TD Canadian Long | PairCorr |
| 0.4 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.39 | XBB | iShares Canadian Universe | PairCorr |
The ability to find closely correlated positions to Fidelity Momentum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity Momentum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity Momentum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity Momentum ETF to buy it.
The correlation of Fidelity Momentum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity Momentum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Momentum ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fidelity Momentum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.