Fidelity Fundamental Large Etf Market Value
| FFLC Etf | 47.35 0.11 0.23% |
| Symbol | Fidelity |
The market value of Fidelity Fundamental 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 Fundamental's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Fundamental'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 Fundamental's market value can be influenced by many factors that don't directly affect Fidelity Fundamental'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 Fundamental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Fundamental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Fundamental'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.
Fidelity Fundamental 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Fundamental's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Fundamental.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in Fidelity Fundamental on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Fundamental Large or generate 0.0% return on investment in Fidelity Fundamental over 570 days. Fidelity Fundamental is related to or competes with JPMorgan BetaBuilders, JPMorgan Core, JPMorgan BetaBuilders, and JPMorgan Emerging. Fidelity Fundamental is entity of United States More
Fidelity Fundamental Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Fundamental's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Fundamental Large upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8489 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.72 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.3 |
Fidelity Fundamental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Fundamental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Fundamental's standard deviation. In reality, there are many statistical measures that can use Fidelity Fundamental historical prices to predict the future Fidelity Fundamental's volatility.| Risk Adjusted Performance | 0.1022 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1133 |
Fidelity Fundamental Backtested Returns
At this point, Fidelity Fundamental is very steady. Fidelity Fundamental secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fidelity Fundamental Large, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Fundamental's Coefficient Of Variation of 749.61, downside deviation of 0.8489, and Mean Deviation of 0.5415 to check if the risk estimate we provide is consistent with the expected return of 0.0931%. The etf shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Fundamental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Fundamental is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Fidelity Fundamental Large has very good predictability. Overlapping area represents the amount of predictability between Fidelity Fundamental time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Fundamental price movement. The serial correlation of 0.8 indicates that around 80.0% of current Fidelity Fundamental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 5.32 |
Fidelity Fundamental lagged returns against current returns
Autocorrelation, which is Fidelity Fundamental etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Fundamental's etf expected returns. We can calculate the autocorrelation of Fidelity Fundamental returns to help us make a trade decision. For example, suppose you find that Fidelity Fundamental has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fidelity Fundamental regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Fundamental etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Fundamental etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Fundamental etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Fundamental Lagged Returns
When evaluating Fidelity Fundamental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Fundamental etf have on its future price. Fidelity Fundamental autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Fundamental autocorrelation shows the relationship between Fidelity Fundamental etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Fundamental Large.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Fidelity Fundamental offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fidelity Fundamental's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fidelity Fundamental Large Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fidelity Fundamental Large Etf:Check out Fidelity Fundamental Correlation, Fidelity Fundamental Volatility and Fidelity Fundamental Alpha and Beta module to complement your research on Fidelity Fundamental. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Fidelity Fundamental technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.