Fidelity Covington Trust Etf Price History
FRNW Etf | USD 14.32 0.05 0.35% |
If you're considering investing in Fidelity Etf, it is important to understand the factors that can impact its price. As of today, the current price of Fidelity Covington stands at 14.32, as last reported on the 3rd of July, with the highest price reaching 14.44 and the lowest price hitting 14.29 during the day. Fidelity Covington Trust secures Sharpe Ratio (or Efficiency) of -0.0141, which denotes the etf had a -0.0141% return per unit of risk over the last 3 months. Fidelity Covington Trust exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Covington's Variance of 2.38, standard deviation of 1.54, and Mean Deviation of 1.26 to check the risk estimate we provide.
Fidelity Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Fidelity |
Sharpe Ratio = -0.0141
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | FRNW |
Estimated Market Risk
1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity Covington is not performing at its full potential. However, 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 Covington by adding Fidelity Covington to a well-diversified portfolio.
Average Mkt Cap Mil 6.1 K |
Fidelity Covington Etf Price History Chart
There are several ways to analyze Fidelity Covington Trust Etf price data. The simplest method is using a basic Fidelity candlestick price chart, which shows Fidelity Covington price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Highest Price | June 5, 2024 | 16.58 |
Lowest Price | April 19, 2024 | 13.71 |
Fidelity Covington July 3, 2024 Etf Price Synopsis
Various analyses of Fidelity Covington's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell Fidelity Etf. It can be used to describe the percentage change in the price of Fidelity Covington from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of Fidelity Etf.Fidelity Covington Price Rate Of Daily Change | 1.00 | |
Fidelity Covington Price Daily Balance Of Power | (0.33) | |
Fidelity Covington Price Action Indicator | (0.07) |
Fidelity Covington July 3, 2024 Etf Price Analysis
Fidelity Etf Price History Data
The price series of Fidelity Covington for the period between Thu, Apr 4, 2024 and Wed, Jul 3, 2024 has a statistical range of 2.87 with a coefficient of variation of 5.52. Under current investment horizon, the daily prices are spread out with arithmetic mean of 15.08. The median price for the last 90 days is 15.05.Open | High | Low | Close | Volume | ||
07/03/2024 | 14.40 | 14.44 | 14.29 | 14.32 | ||
07/02/2024 | 14.40 | 14.44 | 14.29 | 14.32 | 6,991 | |
07/01/2024 | 14.57 | 14.58 | 14.37 | 14.37 | 3,474 | |
06/28/2024 | 14.86 | 14.86 | 14.46 | 14.46 | 4,500 | |
06/27/2024 | 14.75 | 14.91 | 14.74 | 14.91 | 4,479 | |
06/26/2024 | 14.92 | 14.94 | 14.83 | 14.89 | 2,575 | |
06/25/2024 | 15.10 | 15.13 | 15.02 | 15.03 | 7,742 | |
06/24/2024 | 15.22 | 15.39 | 15.13 | 15.26 | 5,200 | |
06/21/2024 | 15.36 | 15.36 | 15.11 | 15.19 | 2,900 | |
06/20/2024 | 15.46 | 15.46 | 15.28 | 15.31 | 5,800 | |
06/18/2024 | 15.50 | 15.58 | 15.48 | 15.54 | 7,300 | |
06/17/2024 | 15.65 | 15.65 | 15.34 | 15.51 | 6,900 | |
06/14/2024 | 15.40 | 15.88 | 15.40 | 15.70 | 3,600 | |
06/13/2024 | 16.35 | 16.35 | 15.96 | 16.04 | 4,000 | |
06/12/2024 | 16.40 | 16.51 | 16.26 | 16.30 | 3,400 | |
06/11/2024 | 15.93 | 16.12 | 15.91 | 16.12 | 7,100 | |
06/10/2024 | 15.76 | 16.25 | 15.76 | 16.22 | 5,300 | |
06/07/2024 | 16.41 | 16.41 | 15.95 | 15.95 | 5,800 | |
06/06/2024 | 16.35 | 16.41 | 16.30 | 16.35 | 6,700 | |
06/05/2024 | 16.49 | 16.58 | 16.49 | 16.58 | 4,600 | |
06/04/2024 | 16.38 | 16.48 | 16.32 | 16.42 | 5,700 | |
06/03/2024 | 16.64 | 16.77 | 16.51 | 16.56 | 8,400 | |
05/31/2024 | 16.48 | 16.64 | 16.27 | 16.51 | 4,200 | |
05/30/2024 | 15.40 | 16.49 | 15.40 | 16.45 | 10,700 | |
05/29/2024 | 16.05 | 16.10 | 16.00 | 16.05 | 2,500 | |
05/28/2024 | 16.48 | 16.48 | 16.27 | 16.33 | 11,800 | |
05/24/2024 | 15.66 | 16.10 | 15.66 | 16.10 | 7,200 | |
05/23/2024 | 16.10 | 16.10 | 15.72 | 15.72 | 1,200 | |
05/22/2024 | 15.44 | 16.15 | 15.44 | 16.04 | 11,400 | |
05/21/2024 | 15.08 | 15.41 | 15.08 | 15.40 | 3,100 | |
05/20/2024 | 15.43 | 15.43 | 15.21 | 15.21 | 5,300 | |
05/17/2024 | 15.41 | 15.41 | 15.27 | 15.30 | 1,700 | |
05/16/2024 | 15.55 | 15.57 | 15.47 | 15.53 | 1,800 | |
05/15/2024 | 15.61 | 15.65 | 15.55 | 15.59 | 7,500 | |
05/14/2024 | 15.41 | 15.52 | 15.35 | 15.38 | 4,800 | |
05/13/2024 | 15.10 | 15.22 | 15.09 | 15.12 | 4,800 | |
05/10/2024 | 15.37 | 15.37 | 15.08 | 15.08 | 900.00 | |
05/09/2024 | 14.96 | 15.22 | 14.96 | 15.22 | 3,300 | |
05/08/2024 | 14.93 | 15.00 | 14.92 | 15.00 | 2,700 | |
05/07/2024 | 15.14 | 15.20 | 15.13 | 15.13 | 3,300 | |
05/06/2024 | 15.00 | 15.09 | 15.00 | 15.05 | 6,300 | |
05/03/2024 | 14.67 | 14.98 | 14.67 | 14.93 | 10,800 | |
05/02/2024 | 14.34 | 14.58 | 14.33 | 14.49 | 5,500 | |
05/01/2024 | 14.16 | 14.40 | 14.04 | 14.14 | 5,800 | |
04/30/2024 | 14.31 | 14.31 | 14.02 | 14.05 | 5,000 | |
04/29/2024 | 14.32 | 14.43 | 14.31 | 14.36 | 9,600 | |
04/26/2024 | 14.07 | 14.12 | 14.07 | 14.09 | 1,000.00 | |
04/25/2024 | 13.83 | 13.93 | 13.68 | 13.90 | 3,400 | |
04/24/2024 | 14.04 | 14.06 | 13.92 | 14.02 | 5,200 | |
04/23/2024 | 13.80 | 14.18 | 13.80 | 14.10 | 1,900 | |
04/22/2024 | 13.66 | 13.86 | 13.66 | 13.82 | 2,100 | |
04/19/2024 | 13.76 | 13.79 | 13.66 | 13.71 | 10,400 | |
04/18/2024 | 13.80 | 13.91 | 13.70 | 13.76 | 2,700 | |
04/17/2024 | 13.87 | 13.89 | 13.74 | 13.79 | 8,300 | |
04/16/2024 | 13.91 | 13.91 | 13.63 | 13.73 | 10,300 | |
04/15/2024 | 14.20 | 14.28 | 13.91 | 13.93 | 9,500 | |
04/12/2024 | 14.65 | 14.65 | 14.27 | 14.29 | 9,100 | |
04/11/2024 | 14.68 | 14.68 | 14.48 | 14.66 | 5,800 | |
04/10/2024 | 14.65 | 14.65 | 14.41 | 14.55 | 8,300 | |
04/09/2024 | 14.79 | 14.93 | 14.79 | 14.93 | 7,000 | |
04/08/2024 | 14.51 | 14.72 | 14.51 | 14.62 | 10,800 |
About Fidelity Covington Etf history
Fidelity Covington investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fidelity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fidelity Covington Trust will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fidelity Covington stock prices may prove useful in developing a viable investing in Fidelity Covington
The fund normally invests at least 80 percent of assets in securities included in the index and in depositary receipts representing securities included in the index. Fidelity Clean is traded on BATS Exchange in the United States.
Fidelity Covington Etf Technical Analysis
Fidelity Covington technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
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Fidelity Covington Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fidelity Covington's price direction in advance. Along with the technical and fundamental analysis of Fidelity Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fidelity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | 0.0125 | |||
Treynor Ratio | (0.05) |
Cycle Indicators | ||
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Pattern Recognition | ||
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Statistic Functions | ||
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Volume Indicators |
Additional Information and Resources on Investing in Fidelity Etf
When determining whether Fidelity Covington Trust is a strong investment it is important to analyze Fidelity Covington's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fidelity Covington's future performance. For an informed investment choice regarding Fidelity Etf, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Covington Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
The market value of Fidelity Covington Trust 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 Covington's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Covington'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 Covington's market value can be influenced by many factors that don't directly affect Fidelity Covington'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 Covington's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Covington is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Covington'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.