Fidelity Covington Potential Upside
| FELC ETF | | | 39.75 0.28 0.71% |
Potential Upside is the amount of upward price movement an investor or an analyst expects of a particular equity instrument. Below is Fidelity Covington's current Potential Upside with peer comparisons and related risk metrics.
Current Potential Upside Value
Fidelity Covington has a Potential Upside of 1.17, indicating modest estimated upside from current levels. Fidelity Covington trades near but slightly below the model-derived fair value estimate.
Potential Upside | = | 1PM2PM |
| = | 1.17 | |
| 1PM | = | First upper moment |
| 2PM | = | Second upper moment |
Potential Upside Peers Comparison
The peer group averages 1.86 for Potential Upside, with Fidelity Covington at 1.17 falling below that level. Readings span 0.9372 (WisdomTree LargeCap Dividend) to 2.99 (iShares ESG Aware). Fidelity Covington shows less estimated upside from current levels than the peer average.
Potential Upside Relative To Other Indicators
The chart below plots Potential Upside against Maximum Drawdown for Fidelity Covington and its peers. Each point represents one equity — position along the horizontal axis shows Potential Upside while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
With Potential Upside at
1.17 and Maximum Drawdown at
3.66 , Fidelity Covington shows a
3.12 -to-one ratio between these indicators. This indicates Maximum Drawdown is significantly higher than Potential Upside for Fidelity Covington.
Methodology, Assumptions & Data Sources
Fidelity Covington's Potential Upside currently stands at 1.17. This Potential Upside reading for Fidelity Covington results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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