Fidelity Advantage Ether Etf Performance
| FETH Etf | 73.22 3.84 5.53% |
The etf shows a Beta (market volatility) of 2.17, 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 Advantage will likely underperform.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Advantage Ether are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Fidelity Advantage displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Data The total net inflow of Ethereum spot ETF yesterday was 168 million USD, continuing a net inflow for 8 days - ChainCatcher | 12/04/2024 |
Fidelity |
Fidelity Advantage Relative Risk vs. Return Landscape
If you would invest 4,405 in Fidelity Advantage Ether on September 13, 2024 and sell it today you would earn a total of 2,917 from holding Fidelity Advantage Ether or generate 66.22% return on investment over 90 days. Fidelity Advantage Ether is generating 0.9005% of daily returns and assumes 4.3559% volatility on return distribution over the 90 days horizon. Simply put, 38% of etfs are less volatile than Fidelity, and 83% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Fidelity Advantage Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Advantage's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Advantage Ether, and traders can use it to determine the average amount a Fidelity Advantage'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 = 0.2067
| Best Portfolio | Best Equity | |||
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| Small Returns | FETH | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.36 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.9 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Fidelity Advantage is performing at about 16% 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 Advantage by adding it to a well-diversified portfolio.
About Fidelity Advantage Performance
By examining Fidelity Advantage's fundamental ratios, stakeholders can obtain critical insights into Fidelity Advantage's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Fidelity Advantage is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Fidelity Advantage is entity of Canada. It is traded as Etf on TO exchange.| Fidelity Advantage appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Data The total net inflow of Ethereum spot ETF yesterday was 168 million USD, continuing a net inflow for 8 days - ChainCatcher |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Advantage Ether. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.