Fidelity Small Mid Factor Etf Market Value
| FSMD Etf | USD 44.30 0.54 1.23% |
| 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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Fidelity Small on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Small Mid Factor or generate 0.0% return on investment in Fidelity Small over 30 days. Fidelity Small is related to or competes with Fidelity Emerging, Fidelity International, Fidelity Quality, Fidelity Low, and Fidelity Momentum. The fund normally invests at least 80 percent of its assets in securities included in the Fidelity Small-Mid Multifactor Index Fidelity Small-Mid is traded on NYSEARCA Exchange in the 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 Factor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8627 | |||
| Information Ratio | 0.0324 | |||
| Maximum Drawdown | 6.02 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.75 |
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 | 0.1068 | |||
| Jensen Alpha | 0.0089 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0394 | |||
| Treynor Ratio | 0.1066 |
Fidelity Small Mid Backtested Returns
At this point, Fidelity Small 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 Factor, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Small's Coefficient Of Variation of 732.87, mean deviation of 0.7296, and Downside Deviation of 0.8627 to check if the risk estimate we provide is consistent with the expected return of 0.14%. The etf shows a Beta (market volatility) of 1.25, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Small will likely underperform.
Auto-correlation | 0.45 |
Average predictability
Fidelity Small Mid Factor has average predictability. Overlapping area represents the amount of predictability between Fidelity Small time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 0.45 indicates that just about 45.0% of current Fidelity Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
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 Factor.
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 Small Mid is a strong investment it is important to analyze Fidelity Small'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 Small's future performance. For an informed investment choice regarding Fidelity Etf, refer to the following important reports:Check out Fidelity Small Correlation, Fidelity Small Volatility and Fidelity Small Alpha and Beta module to complement your research on Fidelity Small. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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.