Fidelity Metaverse Etf Performance
| FMET Etf | USD 30.40 0.20 0.65% |
The etf shows a Beta (market volatility) of 0.79, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Metaverse's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Metaverse is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Metaverse ETF are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable technical and fundamental indicators, Fidelity Metaverse is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
1 | Technical Data - Stock Traders Daily | 11/01/2024 |
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Fidelity Metaverse Relative Risk vs. Return Landscape
If you would invest 2,932 in Fidelity Metaverse ETF on August 29, 2024 and sell it today you would earn a total of 108.00 from holding Fidelity Metaverse ETF or generate 3.68% return on investment over 90 days. Fidelity Metaverse ETF is currently generating 0.063% in daily expected returns and assumes 1.1473% risk (volatility on return distribution) over the 90 days horizon. In different words, 10% 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 Metaverse Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Metaverse's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Metaverse ETF, and traders can use it to determine the average amount a Fidelity Metaverse'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 = 0.0549
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Estimated Market Risk
| 1.15 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Fidelity Metaverse is performing at about 4% 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 Metaverse by adding it to a well-diversified portfolio.
Fidelity Metaverse Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Metaverse, and Fidelity Metaverse 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 | 10.99 M | |||
About Fidelity Metaverse Performance
Assessing Fidelity Metaverse's fundamental ratios provides investors with valuable insights into Fidelity Metaverse's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Fidelity Metaverse is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of assets in securities included in the index and in depositary receipts representing securities included in the index. Fidelity Metaverse is traded on NASDAQ Exchange in the United States.| Latest headline from news.google.com: Technical Data - Stock Traders Daily | |
| The fund retains 99.71% 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 Metaverse ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Fidelity Metaverse ETF 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 Metaverse's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Metaverse'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 Metaverse's market value can be influenced by many factors that don't directly affect Fidelity Metaverse'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 Metaverse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Metaverse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Metaverse'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.