Fidelity High Yield Etf Performance
| FDHY Etf | USD 48.93 0.04 0.08% |
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 High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity High is expected to be smaller as well.
Risk-Adjusted Performance
6 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity High Yield are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong technical indicators, Fidelity High is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | Glass Jacobson Investment Advisors llc Has 200,000 Position in Dimensional Global Real Estate ETF - Defense World | 09/20/2024 |
2 | Fidelity to Launch 5 New Active ETFs, Cuts Fee on High Yield ETF | 11/21/2024 |
| In Threey Sharp Ratio | -0.18 |
Fidelity |
Fidelity High Relative Risk vs. Return Landscape
If you would invest 4,845 in Fidelity High Yield on August 24, 2024 and sell it today you would earn a total of 48.00 from holding Fidelity High Yield or generate 0.99% return on investment over 90 days. Fidelity High Yield is currently generating 0.0156% in daily expected returns and assumes 0.2018% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% of etfs are less volatile than Fidelity, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Fidelity High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity High's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity High Yield, and traders can use it to determine the average amount a Fidelity High's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0773
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FDHY |
Estimated Market Risk
| 0.2 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Fidelity High is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity High by adding it to a well-diversified portfolio.
Fidelity High Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity High, and Fidelity High fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fidelity Etf performance.
| Total Asset | 247.76 M | |||
About Fidelity High Performance
Evaluating Fidelity High's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fidelity High has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fidelity High has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its assets in debt securities rated below investment grade . Fidelity High is traded on NYSEARCA Exchange in the United States.| Latest headline from barrons.com: Fidelity to Launch 5 New Active ETFs, Cuts Fee on High Yield ETF | |
| The fund retains about 12.92% of its assets under management (AUM) in fixed income securities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity High Yield. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of Fidelity High Yield 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 High's value that differs from its market value or its book value, called intrinsic value, which is Fidelity High'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 High's market value can be influenced by many factors that don't directly affect Fidelity High'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 High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity High'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.