Fidelity Limited Term Etf Market Value
| FLTB Etf | USD 49.83 0.14 0.28% |
| Symbol | Fidelity |
The market value of Fidelity Limited Term 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 Limited's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Limited'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 Limited's market value can be influenced by many factors that don't directly affect Fidelity Limited'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 Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Limited'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 Limited '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 Limited'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 Limited.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Fidelity Limited on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Limited Term or generate 0.0% return on investment in Fidelity Limited over 690 days. Fidelity Limited is related to or competes with Fidelity Corporate, Fidelity Total, Fidelity High, Fidelity Momentum, and Fidelity Low. The fund normally invests at least 80 percent of assets in investment-grade debt securities of all types and repurchase ... More
Fidelity Limited 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 Limited'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 Limited Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1157 | |||
| Information Ratio | (1.11) | |||
| Maximum Drawdown | 0.5805 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.1795 |
Fidelity Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Limited's standard deviation. In reality, there are many statistical measures that can use Fidelity Limited historical prices to predict the future Fidelity Limited's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (1.07) | |||
| Treynor Ratio | 1.16 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Limited'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 Limited Term Backtested Returns
At this point, Fidelity Limited is very steady. Fidelity Limited Term secures Sharpe Ratio (or Efficiency) of 0.0392, which denotes the etf had a 0.0392% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fidelity Limited Term, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Limited's Downside Deviation of 0.1157, mean deviation of 0.09, and Coefficient Of Variation of 2594.97 to check if the risk estimate we provide is consistent with the expected return of 0.0045%. The etf shows a Beta (market volatility) of -0.0049, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Limited are expected to decrease at a much lower rate. During the bear market, Fidelity Limited is likely to outperform the market.
Auto-correlation | 0.52 |
Modest predictability
Fidelity Limited Term has modest predictability. Overlapping area represents the amount of predictability between Fidelity Limited time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Limited Term price movement. The serial correlation of 0.52 indicates that about 52.0% of current Fidelity Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Fidelity Limited Term lagged returns against current returns
Autocorrelation, which is Fidelity Limited 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 Limited's etf expected returns. We can calculate the autocorrelation of Fidelity Limited returns to help us make a trade decision. For example, suppose you find that Fidelity Limited 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 Limited 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 Limited etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Limited etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Limited etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Limited Lagged Returns
When evaluating Fidelity Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Limited etf have on its future price. Fidelity Limited 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 Limited autocorrelation shows the relationship between Fidelity Limited etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Limited Term.
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 Limited Term offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fidelity Limited'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 Limited Term Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fidelity Limited Term Etf:Check out Fidelity Limited Correlation, Fidelity Limited Volatility and Fidelity Limited Alpha and Beta module to complement your research on Fidelity Limited. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Fidelity Limited 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.