Fidelity Covington Trust Etf Current Valuation
| FFLG Etf | 25.03 0.06 0.24% |
Valuation analysis of Fidelity Covington Trust helps investors to measure Fidelity Covington's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Fidelity Covington's price fluctuation is very steady at this time. Calculation of the real value of Fidelity Covington Trust is based on 3 months time horizon. Increasing Fidelity Covington's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Fidelity etf is determined by what a typical buyer is willing to pay for full or partial control of Fidelity Covington Trust. Since Fidelity Covington is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Etf. However, Fidelity Covington's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 25.03 | Real 24.7 | Hype 25.03 | Naive 24.73 |
The real value of Fidelity Etf, also known as its intrinsic value, is the underlying worth of Fidelity Covington Trust ETF, which is reflected in its stock price. It is based on Fidelity Covington's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Fidelity Covington's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
Estimating the potential upside or downside of Fidelity Covington Trust helps investors to forecast how Fidelity etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Fidelity Covington more accurately as focusing exclusively on Fidelity Covington's fundamentals will not take into account other important factors: Fidelity Covington Trust ETF Current Valuation Analysis
Fidelity Covington's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Fidelity Covington Trust has a Current Valuation of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Large Growth (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Fidelity Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fidelity Covington's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Fidelity Covington could also be used in its relative valuation, which is a method of valuing Fidelity Covington by comparing valuation metrics of similar companies.Fidelity Covington is currently under evaluation in current valuation as compared to similar ETFs.
Fidelity Fundamentals
| One Year Return | 40.10 % | |||
| Three Year Return | 5.20 % |
About Fidelity Covington Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fidelity Covington Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Covington using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Covington Trust 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.
Currently Active Assets on Macroaxis
When determining whether Fidelity Covington Trust is a strong investment it is important to analyze Fidelity Covington's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fidelity Covington's future performance. For an informed investment choice regarding Fidelity Etf, refer to the following important reports:Check out Fidelity Covington Piotroski F Score and Fidelity Covington Altman Z Score analysis. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of Fidelity Covington Trust 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 Covington's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Covington'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 Covington's market value can be influenced by many factors that don't directly affect Fidelity Covington'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 Covington's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Covington is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Covington'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.