Fidelity Nasdaq Composite Etf Market Value
ONEQ Etf | USD 64.40 0.12 0.19% |
Symbol | Fidelity |
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.
Fidelity Nasdaq 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Nasdaq's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Nasdaq.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Fidelity Nasdaq on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Nasdaq Composite or generate 0.0% return on investment in Fidelity Nasdaq over 30 days. Fidelity Nasdaq is related to or competes with Procter Gamble, Barloworld, Morningstar Unconstrained, SPACE, Via Renewables, Bondbloxx ETF, and Knife River. The fund normally invests at least 80 percent of assets in common stocks included in the index More
Fidelity Nasdaq Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Nasdaq's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Nasdaq Composite upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.8569 | |||
Information Ratio | 0.0019 | |||
Maximum Drawdown | 4.58 | |||
Value At Risk | (1.69) | |||
Potential Upside | 1.67 |
Fidelity Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Nasdaq's standard deviation. In reality, there are many statistical measures that can use Fidelity Nasdaq historical prices to predict the future Fidelity Nasdaq's volatility.Risk Adjusted Performance | 0.084 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.09) | |||
Sortino Ratio | 0.0021 | |||
Treynor Ratio | 0.1099 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Nasdaq's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fidelity Nasdaq Composite Backtested Returns
We consider Fidelity Nasdaq not too volatile. Fidelity Nasdaq Composite secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Nasdaq Composite, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Nasdaq's Mean Deviation of 0.722, downside deviation of 0.8569, and Coefficient Of Variation of 695.71 to check if the risk estimate we provide is consistent with the expected return of 0.18%. The etf shows a Beta (market volatility) of 1.15, 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 Nasdaq will likely underperform.
Auto-correlation | 0.03 |
Virtually no predictability
Fidelity Nasdaq Composite has virtually no predictability. Overlapping area represents the amount of predictability between Fidelity Nasdaq time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Nasdaq Composite price movement. The serial correlation of 0.03 indicates that only 3.0% of current Fidelity Nasdaq price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.03 | |
Spearman Rank Test | -0.04 | |
Residual Average | 0.0 | |
Price Variance | 0.36 |
Fidelity Nasdaq Composite lagged returns against current returns
Autocorrelation, which is Fidelity Nasdaq etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Nasdaq's etf expected returns. We can calculate the autocorrelation of Fidelity Nasdaq returns to help us make a trade decision. For example, suppose you find that Fidelity Nasdaq has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Fidelity Nasdaq regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Nasdaq etf over time.
Current vs Lagged Prices |
Timeline |
Fidelity Nasdaq Lagged Returns
When evaluating Fidelity Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Nasdaq etf have on its future price. Fidelity Nasdaq autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Nasdaq autocorrelation shows the relationship between Fidelity Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Nasdaq Composite.
Regressed Prices |
Timeline |
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Try AI Portfolio ArchitectCheck out Fidelity Nasdaq Correlation, Fidelity Nasdaq Volatility and Fidelity Nasdaq Alpha and Beta module to complement your research on Fidelity Nasdaq. Note that the Fidelity Nasdaq Composite information on this page should be used as a complementary analysis to other Fidelity Nasdaq's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Fidelity Etf analysis
When running Fidelity Nasdaq's price analysis, check to measure Fidelity Nasdaq's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Nasdaq is operating at the current time. Most of Fidelity Nasdaq's value examination focuses on studying past and present price action to predict the probability of Fidelity Nasdaq's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fidelity Nasdaq's price. Additionally, you may evaluate how the addition of Fidelity Nasdaq to your portfolios can decrease your overall portfolio volatility.
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