Fidelity Preferred Securities Etf Market Value
| FPFD Etf | USD 21.62 0.06 0.28% |
| Symbol | Fidelity |
The market value of Fidelity Preferred 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 Preferred's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Preferred'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 Preferred's market value can be influenced by many factors that don't directly affect Fidelity Preferred'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 Preferred's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Preferred is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Preferred'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 Preferred '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 Preferred'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 Preferred.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Fidelity Preferred on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity Preferred Securities or generate 0.0% return on investment in Fidelity Preferred over 30 days. Fidelity Preferred is related to or competes with Fidelity Investment, Fidelity Investment, Fidelity High, and Fidelity Corporate. The fund normally invests at least 80 percent of the funds assets in preferred securities and other income-producing sec... More
Fidelity Preferred 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 Preferred'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 Preferred Securities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.4581 |
Fidelity Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Preferred's standard deviation. In reality, there are many statistical measures that can use Fidelity Preferred historical prices to predict the future Fidelity Preferred's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.20) |
Fidelity Preferred Backtested Returns
Fidelity Preferred secures Sharpe Ratio (or Efficiency) of -0.0263, which denotes the etf had a -0.0263 % return per unit of risk over the last 3 months. Fidelity Preferred Securities exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Preferred's Standard Deviation of 0.3065, variance of 0.0939, and Mean Deviation of 0.2338 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Preferred is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Fidelity Preferred Securities has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Preferred time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. 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 Preferred price movement. The serial correlation of -0.75 indicates that around 75.0% of current Fidelity Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Preferred lagged returns against current returns
Autocorrelation, which is Fidelity Preferred 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 Preferred's etf expected returns. We can calculate the autocorrelation of Fidelity Preferred returns to help us make a trade decision. For example, suppose you find that Fidelity Preferred 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 Preferred 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 Preferred etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Preferred etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Preferred etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Preferred Lagged Returns
When evaluating Fidelity Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Preferred etf have on its future price. Fidelity Preferred 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 Preferred autocorrelation shows the relationship between Fidelity Preferred etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Preferred Securities.
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 Preferred is a strong investment it is important to analyze Fidelity Preferred's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fidelity Preferred's future performance. For an informed investment choice regarding Fidelity Etf, refer to the following important reports:Check out Fidelity Preferred Correlation, Fidelity Preferred Volatility and Fidelity Preferred Alpha and Beta module to complement your research on Fidelity Preferred. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Fidelity Preferred 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.