Fidelity Momentum Financials
| FDMO Etf | USD 62.30 1.05 1.71% |
Net Expense Ratio 0.0015 | 3 y Sharp Ratio 0.44 |
Fidelity |
The data published in Fidelity Momentum's official financial statements typically reflect Fidelity Momentum's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Fidelity Momentum's quantitative information. For example, before you start analyzing numbers published by Fidelity accountants, it’s essential to understand Fidelity Momentum's liquidity, profitability, and earnings quality within the context of the Fidelity Investments space in which it operates.
Fidelity Momentum Etf Summary
Fidelity Momentum competes with Northern Lights, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. 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.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US3160928160 |
| CUSIP | 316092816 |
| Region | North America |
| Investment Issuer | Fidelity |
| Etf Family | Fidelity Investments |
| Fund Category | Size and Style |
| Portfolio Concentration | Large Cap |
| Benchmark | NYSE Composite |
| Phone | NA |
| Currency | USD - US Dollar |
Fidelity Momentum Key Financial Ratios
Fidelity Momentum's financial ratios allow both analysts and investors to convert raw data from Fidelity Momentum's financial statements into concise, actionable information that can be used to evaluate the performance of Fidelity Momentum over time and compare it to other companies across industries.Fidelity Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Momentum's current stock value. Our valuation model uses many indicators to compare Fidelity Momentum value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity Momentum competition to find correlations between indicators driving Fidelity Momentum's intrinsic value. More Info.Fidelity Momentum Factor is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.16 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Fidelity Momentum Factor is roughly 6.41 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Fidelity Momentum's earnings, one of the primary drivers of an investment's value.Fidelity Momentum Factor Systematic Risk
Fidelity Momentum's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity Momentum volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Fidelity Momentum Factor correlated with the market. If Beta is less than 0 Fidelity Momentum generally moves in the opposite direction as compared to the market. If Fidelity Momentum Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity Momentum Factor is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity Momentum is generally in the same direction as the market. If Beta > 1 Fidelity Momentum moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity Momentum Thematic Clasifications
Fidelity Momentum Factor is part of several thematic ideas from Size And Style ETFs to Large Cap ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasFidelity Momentum June 6, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity Momentum help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity Momentum Factor. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Momentum Factor based on widely used predictive technical indicators. In general, we focus on analyzing Fidelity Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fidelity Momentum's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8099 | |||
| Information Ratio | 0.061 | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.57 |
Additional Information and Resources on Investing in Fidelity Etf
When determining whether Fidelity Momentum Factor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fidelity Momentum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fidelity Momentum Factor Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fidelity Momentum Factor Etf: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 closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.