Fidelity New Millennium Etf Market Value
| FMIL Etf | USD 54.47 0.37 0.68% |
| Symbol | Fidelity |
The market value of Fidelity New Millennium 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 New's value that differs from its market value or its book value, called intrinsic value, which is Fidelity New'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 New's market value can be influenced by many factors that don't directly affect Fidelity New'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 New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity New'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 New '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 New'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 New.
| 12/12/2025 |
| 01/11/2026 |
If you would invest 0.00 in Fidelity New on December 12, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity New Millennium or generate 0.0% return on investment in Fidelity New over 30 days. Fidelity New is related to or competes with Franklin Templeton, and IShares Morningstar. Identifying early signs of long-term changes in the marketplace and focusing on those companies that may benefit from op... More
Fidelity New 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 New'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 New Millennium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8986 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.16 |
Fidelity New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity New's standard deviation. In reality, there are many statistical measures that can use Fidelity New historical prices to predict the future Fidelity New's volatility.| Risk Adjusted Performance | 0.0853 | |||
| Jensen Alpha | 0.0718 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.8908 |
Fidelity New Millennium Backtested Returns
As of now, Fidelity Etf is very steady. Fidelity New Millennium secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the etf had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fidelity New Millennium, which you can use to evaluate the volatility of the entity. Please confirm Fidelity New's Downside Deviation of 0.8986, mean deviation of 0.593, and Coefficient Of Variation of 876.92 to check if the risk estimate we provide is consistent with the expected return of 0.0893%. The etf shows a Beta (market volatility) of 0.089, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity New is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Fidelity New Millennium has good predictability. Overlapping area represents the amount of predictability between Fidelity New time series from 12th of December 2025 to 27th of December 2025 and 27th of December 2025 to 11th of January 2026. 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 New Millennium price movement. The serial correlation of 0.66 indicates that around 66.0% of current Fidelity New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Fidelity New Millennium lagged returns against current returns
Autocorrelation, which is Fidelity New 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 New's etf expected returns. We can calculate the autocorrelation of Fidelity New returns to help us make a trade decision. For example, suppose you find that Fidelity New 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 New 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 New etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity New etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity New etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity New Lagged Returns
When evaluating Fidelity New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity New etf have on its future price. Fidelity New 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 New autocorrelation shows the relationship between Fidelity New etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity New Millennium.
Regressed Prices |
| Timeline |
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