Fidelity Nasdaq Composite Etf Performance
| ONEQ Etf | USD 75.23 0.40 0.53% |
The etf shows a Beta (market volatility) of 1.01, which means a somewhat significant risk relative to the market. Fidelity Nasdaq returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Nasdaq is expected to follow.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Nasdaq Composite are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Even with relatively unsteady technical and fundamental indicators, Fidelity Nasdaq may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Madison Wealth Partners Inc Purchases 5,561 Shares of Fidelity NASDAQ Composite Index ETF | 09/17/2024 |
2 | Should Fidelity Nasdaq Composite Index ETF Be on Your Investing Radar | 10/31/2024 |
3 | Focused Wealth Management Inc Takes Position in Fidelity NASDAQ Composite Index ETF | 11/06/2024 |
4 | Fisher Asset Management LLC Has 62.45 Million Holdings in Fidelity NASDAQ Composite Index ETF | 11/26/2024 |
| In Threey Sharp Ratio | 0.22 |
Fidelity |
Fidelity Nasdaq Relative Risk vs. Return Landscape
If you would invest 6,976 in Fidelity Nasdaq Composite on August 30, 2024 and sell it today you would earn a total of 547.00 from holding Fidelity Nasdaq Composite or generate 7.84% return on investment over 90 days. Fidelity Nasdaq Composite is currently generating 0.1261% in daily expected returns and assumes 1.1159% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of etfs are less volatile than Fidelity, and 98% 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 Nasdaq Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Nasdaq's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Nasdaq Composite, and traders can use it to determine the average amount a Fidelity Nasdaq'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 = 0.113
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| Cash | ONEQ | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.12 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Fidelity Nasdaq is performing at about 8% 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 Nasdaq by adding it to a well-diversified portfolio.
Fidelity Nasdaq Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Nasdaq, and Fidelity Nasdaq 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.
| Price To Earning | 2.83 X | |||
| Price To Book | 3.09 X | |||
| Price To Sales | 2.07 X | |||
| Earnings Per Share | 9.93 X | |||
| Total Asset | 3.56 B | |||
About Fidelity Nasdaq Performance
Assessing Fidelity Nasdaq's fundamental ratios provides investors with valuable insights into Fidelity Nasdaq's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Fidelity Nasdaq 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 common stocks included in the index. Nasdaq Composite is traded on NASDAQ Exchange in the United States.| Latest headline from thelincolnianonline.com: Fisher Asset Management LLC Has 62.45 Million Holdings in Fidelity NASDAQ Composite Index ETF | |
| The fund maintains 99.25% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Fidelity Nasdaq Composite. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of Fidelity Nasdaq Composite 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect Fidelity Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Nasdaq'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.