Fidelity Crypto Industry Etf Performance
| FDIG Etf | USD 33.89 0.40 1.17% |
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 Crypto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Crypto is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Fidelity Crypto Industry has generated negative risk-adjusted returns adding no value to investors with long positions. Despite uncertain performance in the last few months, the Etf's forward indicators remain nearly stable which may send shares a bit higher in March 2025. The current disturbance may also be a sign of long-run up-swing for the Exchange Traded Fund stockholders. ...more
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Fidelity Crypto Relative Risk vs. Return Landscape
If you would invest 4,036 in Fidelity Crypto Industry on November 9, 2024 and sell it today you would lose (647.00) from holding Fidelity Crypto Industry or give up 16.03% of portfolio value over 90 days. Fidelity Crypto Industry is currently does not generate positive expected returns and assumes 3.8978% risk (volatility on return distribution) over the 90 days horizon. In different words, 34% 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 |
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Fidelity Crypto Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Crypto's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Crypto Industry, and traders can use it to determine the average amount a Fidelity Crypto'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 = -0.0565
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| Negative Returns | FDIG |
Estimated Market Risk
| 3.9 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity Crypto is not performing at its full potential. However, 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 Crypto by adding Fidelity Crypto to a well-diversified portfolio.
Fidelity Crypto Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Crypto, and Fidelity Crypto 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 | 18.3 M | |||
About Fidelity Crypto Performance
By analyzing Fidelity Crypto's fundamental ratios, stakeholders can gain valuable insights into Fidelity Crypto's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Fidelity Crypto 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 Crypto has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The fund ormally invests at least 80 percent of assets in equity securities included in the index and in depositary receipts representing securities included in the index. Fidelity Crypto is traded on NASDAQ Exchange in the United States.| Fidelity Crypto generated a negative expected return over the last 90 days | |
| Fidelity Crypto has high historical volatility and very poor performance | |
| The fund retains 99.85% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Crypto Industry. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of Fidelity Crypto Industry 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 Crypto's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Crypto'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 Crypto's market value can be influenced by many factors that don't directly affect Fidelity Crypto'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 Crypto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Crypto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Crypto'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.