Fidelity Momentum Factor Etf Performance
| FDMO Etf | USD 57.97 1.09 1.92% |
The etf shows a Beta (market volatility) of 1.1, which means a somewhat significant risk relative to the market. Fidelity Momentum returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Momentum is expected to follow.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Momentum Factor are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy primary indicators, Fidelity Momentum is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Fmr LLC Sells 3831 Shares of Fidelity Momentum Factor ETF - AmericanBankingNEWS | 03/11/2024 |
| In Threey Sharp Ratio | 0.53 |
Fidelity |
Fidelity Momentum Relative Risk vs. Return Landscape
If you would invest 5,467 in Fidelity Momentum Factor on January 25, 2024 and sell it today you would earn a total of 330.00 from holding Fidelity Momentum Factor or generate 6.04% return on investment over 90 days. Fidelity Momentum Factor is currently generating 0.0977% in daily expected returns and assumes 0.9673% risk (volatility on return distribution) over the 90 days horizon. In different words, 8% 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 Momentum Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Momentum's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Momentum Factor, and traders can use it to determine the average amount a Fidelity Momentum'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 = 0.101
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Estimated Market Risk
| 0.97 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Fidelity Momentum is performing at about 7% 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 Momentum by adding it to a well-diversified portfolio.
Fidelity Momentum Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Momentum, and Fidelity Momentum 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 | 23.78 X | |||
| Price To Book | 3.71 X | |||
| Price To Sales | 2.77 X | |||
| Total Asset | 96.56 M | |||
About Fidelity Momentum Performance
To evaluate Fidelity Momentum Factor Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Fidelity Momentum generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Fidelity Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Fidelity Momentum Factor market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Fidelity's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
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 Fidelity U.S. Fidelity Momentum is traded on NYSEARCA Exchange in the United States.| 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 Momentum Factor. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of Fidelity Momentum Factor 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 Momentum's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Momentum'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 Momentum's market value can be influenced by many factors that don't directly affect Fidelity Momentum'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 Momentum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Momentum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Momentum'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.