Fidelity Select Technology Portfolio Q3 2024 Fund Review - Seeking Alpha
| FSPTX Fund | USD 34.04 0.45 1.30% |
Slightly above 62% of Technology Portfolio's investor base is looking to short. The analysis of overall sentiment of trading Technology Portfolio Technology mutual fund suggests that many investors are alarmed at this time. Technology Portfolio's investing sentiment can be driven by a variety of factors including economic data, Technology Portfolio's earnings reports, geopolitical events, and overall market trends.
Technology |
Fidelity Select Technology Portfolio Q3 2024 Fund Review Seeking Alpha
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Technology Portfolio Fundamental Analysis
We analyze Technology Portfolio's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Technology Portfolio using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Technology Portfolio based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
Price To Sales
Price To Sales Comparative Analysis
Technology Portfolio is currently under evaluation in price to sales among similar funds. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Technology Portfolio 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 Technology Portfolio mutual fund to make a market-neutral strategy. Peer analysis of Technology Portfolio could also be used in its relative valuation, which is a method of valuing Technology Portfolio by comparing valuation metrics with similar companies.
Peers
Technology Portfolio Related Equities
| FBIOX | Biotechnology Portfolio | 0.23 | ||||
| FSPHX | Health Care | 0.04 | ||||
| FDCPX | Computers Portfolio | 0.22 | ||||
| FSCSX | Software And | 0.70 | ||||
| FSELX | Fidelity Select | 1.43 |
Other Information on Investing in Technology Mutual Fund
Technology Portfolio financial ratios help investors to determine whether Technology Mutual Fund 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 Technology with respect to the benefits of owning Technology Portfolio security.
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