Is Fidelity Quality Factor ETF a Strong ETF Right Now?
| FQAL Etf | USD 67.83 0.37 0.55% |
About 52% of Fidelity Quality's investor base is interested to short. The current sentiment regarding investing in Fidelity Quality Factor etf implies that many traders are impartial. Fidelity Quality's investing sentiment shows overall attitude of investors towards Fidelity Quality Factor.
Fidelity Quality etf news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Fidelity daily returns and investor perception about the current price of Fidelity Quality Factor as well as its diversification or hedging effects on your existing portfolios.
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Fidelity Quality Fundamental Analysis
We analyze Fidelity Quality's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Quality using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Quality 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.
Beta
Beta Comparative Analysis
Fidelity Quality is currently under evaluation in beta as compared to similar ETFs. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Fidelity Quality Factor Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fidelity Quality etf to make a market-neutral strategy. Peer analysis of Fidelity Quality could also be used in its relative valuation, which is a method of valuing Fidelity Quality by comparing valuation metrics with similar companies.
Peers
Fidelity Quality Related Equities
| GSHD | Goosehead Insurance | 3.07 | ||||
| MSTSX | Morningstar Unconstrained | 1.28 | ||||
| SEIC | SEI Investments | 1.07 | ||||
| KNF | Knife River | 0.50 | ||||
| KLKNF | Klckner Co | 0.00 | ||||
| KMX | CarMax | 0.07 | ||||
| VIASP | Via Renewables | 0.32 | ||||
| ABHYX | High-yield Municipal | 0.33 | ||||
| KOP | Koppers Holdings | 1.87 | ||||
| KOS | Kosmos Energy | 3.04 |
Check out Fidelity Quality Hype Analysis, Fidelity Quality Correlation and Fidelity Quality Performance. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Fidelity Quality Factor 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 Quality's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Quality'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 Quality's market value can be influenced by many factors that don't directly affect Fidelity Quality'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 Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Quality'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.