Fidelity Small Mid Cap Etf Market Value
| FFSM Etf | 29.51 0.45 1.55% |
| Symbol | Fidelity |
The market value of Fidelity Small Mid 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 Small's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Small'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 Small's market value can be influenced by many factors that don't directly affect Fidelity Small'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 Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Small'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 Small '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 Small'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 Small.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fidelity Small on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Small Mid Cap or generate 0.0% return on investment in Fidelity Small over 60 days. Fidelity Small is related to or competes with Vanguard Mid, IShares Core, SPDR SP, First Trust, and Vanguard. Fidelity Small is entity of United States More
Fidelity Small 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 Small'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 Small Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.0 | |||
| Information Ratio | 0.014 | |||
| Maximum Drawdown | 6.01 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.84 |
Fidelity Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Small's standard deviation. In reality, there are many statistical measures that can use Fidelity Small historical prices to predict the future Fidelity Small's volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 0.117 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0155 | |||
| Treynor Ratio | 0.9292 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Small's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fidelity Small Mid Backtested Returns
As of now, Fidelity Etf is very steady. Fidelity Small Mid secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Small Mid Cap, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Small's Downside Deviation of 1.0, coefficient of variation of 773.04, and Mean Deviation of 0.8117 to check if the risk estimate we provide is consistent with the expected return of 0.16%. The etf shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Small is expected to be smaller as well.
Auto-correlation | 0.15 |
Insignificant predictability
Fidelity Small Mid Cap has insignificant predictability. Overlapping area represents the amount of predictability between Fidelity Small time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Small Mid price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Fidelity Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Fidelity Small Mid lagged returns against current returns
Autocorrelation, which is Fidelity Small 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 Small's etf expected returns. We can calculate the autocorrelation of Fidelity Small returns to help us make a trade decision. For example, suppose you find that Fidelity Small 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 Small 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 Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Small etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Small Lagged Returns
When evaluating Fidelity Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Small etf have on its future price. Fidelity Small 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 Small autocorrelation shows the relationship between Fidelity Small etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Small Mid Cap.
Regressed Prices |
| Timeline |
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Fidelity Small 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.