Fidelity Msci Health Etf Profile
| FHLC Etf | USD 66.51 0.91 1.39% |
Performance3 of 100
| Odds Of DistressLess than 9
|
Fidelity MSCI is trading at 66.51 as of the 24th of April 2024, a 1.39% increase since the beginning of the trading day. The etf's open price was 65.6. Fidelity MSCI has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Fidelity MSCI Health are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
The fund invests at least 80 percent of assets in securities included in the funds underlying index. Fidelity Health is traded on NYSEARCA Exchange in the United States. More on Fidelity MSCI Health
Moving together with Fidelity Etf
| 1.0 | XLV | Health Care Select | PairCorr |
| 0.97 | VHT | Vanguard Health Care | PairCorr |
| 0.71 | IBB | iShares Biotechnology ETF | PairCorr |
| 0.83 | XBI | SPDR SP Biotech | PairCorr |
| 0.92 | IHI | iShares Medical Devices | PairCorr |
| 0.98 | IXJ | iShares Global Healthcare | PairCorr |
| 1.0 | IYH | iShares Healthcare ETF | PairCorr |
Fidelity Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fidelity MSCI's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fidelity MSCI or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Health Care ETFs, Health, Fidelity Investments (View all Sectors) |
| Issuer | Fidelity |
| Inception Date | 2013-10-24 |
| Benchmark | MSCI USA IMI Health Care 25/50 Linked Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.94 Billion |
| Average Trading Valume | 189,122.9 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Health Care |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Fidelity Service Company, Inc. |
| Advisor | Fidelity SelectCo, LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | Fidelity Distributors Corporation |
| Portfolio Manager | Diane Hsiung, Jennifer Hsui, Alan Mason, Greg Savage |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 382 |
| Market Maker | RBC Capital Markets |
| Total Expense | 0.084 |
| Management Fee | 0.084 |
| Country Name | USA |
| Returns Y T D | 1.4 |
| Name | Fidelity MSCI Health Care Index ETF |
| Currency Code | USD |
| Open Figi | BBG005FHVV47 |
| In Threey Volatility | 14.59 |
| 1y Volatility | 12.33 |
| 200 Day M A | 64.0869 |
| 50 Day M A | 68.147 |
| Code | FHLC |
| Updated At | 23rd of April 2024 |
| Currency Name | US Dollar |
Fidelity MSCI Health [FHLC] is traded in USA and was established 2013-10-21. The fund is listed under Health category and is part of Fidelity Investments family. The entity is thematically classified as Sector ETFs. Fidelity MSCI Health currently have 2.75 B in assets under management (AUM). , while the total return for the last 3 years was 3.6%.
Check Fidelity MSCI Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity MSCI Health Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Fidelity MSCI Health Etf Constituents
| GILD | Gilead Sciences | Stock | Health Care |
| ABBV | AbbVie Inc | Stock | Health Care |
| ABT | Abbott Laboratories | Stock | Health Care |
| AMGN | Amgen Inc | Stock | Health Care |
| BMY | Bristol Myers Squibb | Stock | Health Care |
| DHR | Danaher | Stock | Health Care |
| JNJ | Johnson Johnson | Stock | Health Care |
Fidelity MSCI Target Price Odds Analysis
What are Fidelity MSCI's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Fidelity MSCI jumping above the current price in 90 days from now is about 78.56%. The Fidelity MSCI Health probability density function shows the probability of Fidelity MSCI etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Fidelity MSCI has a beta of 0.8805. This usually indicates Fidelity MSCI Health market returns are highly-sensitive to returns on the market. As the market goes up or down, Fidelity MSCI is expected to follow. Additionally, fidelity MSCI Health has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Fidelity MSCI to move above the current price in 90 days from now is about 78.56 (This Fidelity MSCI Health probability density function shows the probability of Fidelity Etf to fall within a particular range of prices over 90 days) .
Fidelity MSCI Top Holders
| QAISX | Q3 All Weather Sector | Mutual Fund | Tactical Allocation |
| NFDIX | Newfound Risk Managed | Mutual Fund | Tactical Allocation |
| GPTUX | Guidepath Tactical Allocation | Mutual Fund | Tactical Allocation |
| LCAIX | Lazard Capital Allocator | Mutual Fund | Tactical Allocation |
| LCAOX | Lazard Capital Allocator | Mutual Fund | Tactical Allocation |
Fidelity MSCI Health Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Fidelity MSCI market risk premium is the additional return an investor will receive from holding Fidelity MSCI long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity MSCI. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Fidelity MSCI's alpha and beta are two of the key measurements used to evaluate Fidelity MSCI's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0049 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.12) |
Fidelity MSCI Against Markets
Picking the right benchmark for Fidelity MSCI etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fidelity MSCI etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fidelity MSCI is critical whether you are bullish or bearish towards Fidelity MSCI Health at a given time. Please also check how Fidelity MSCI's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fidelity MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Fidelity Etf?
Before investing in Fidelity MSCI, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Fidelity MSCI. To buy Fidelity MSCI etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Fidelity MSCI. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Fidelity MSCI etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Fidelity MSCI Health etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Fidelity MSCI Health etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Fidelity MSCI Health, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Fidelity Etf please use our How to Invest in Fidelity MSCI guide.
Already Invested in Fidelity MSCI Health?
The danger of trading Fidelity MSCI Health is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fidelity MSCI is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fidelity MSCI. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fidelity MSCI Health is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Fidelity MSCI Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fidelity MSCI'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 Msci Health Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fidelity Msci Health Etf: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity MSCI Health. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of Fidelity MSCI Health 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 MSCI's value that differs from its market value or its book value, called intrinsic value, which is Fidelity MSCI'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 MSCI's market value can be influenced by many factors that don't directly affect Fidelity MSCI'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 MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity MSCI'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.