Fidelity Covington Trust Etf Price Prediction
| FEAC Etf | USD 25.48 0.25 0.99% |
Oversold Vs Overbought
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Oversold | Overbought |
Using Fidelity Covington hype-based prediction, you can estimate the value of Fidelity Covington Trust from the perspective of Fidelity Covington response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Fidelity Covington to buy its etf at a price that has no basis in reality. In that case, they are not buying Fidelity because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell etfs at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Fidelity Covington after-hype prediction price | USD 25.48 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as etf price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Fidelity |
Fidelity Covington After-Hype Price Prediction Density Analysis
As far as predicting the price of Fidelity Covington at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Fidelity Covington or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Etf prices, such as prices of Fidelity Covington, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Fidelity Covington Estimiated After-Hype Price Volatility
In the context of predicting Fidelity Covington's etf value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Fidelity Covington's historical news coverage. Fidelity Covington's after-hype downside and upside margins for the prediction period are 24.69 and 26.27, respectively. We have considered Fidelity Covington's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Fidelity Covington is very steady at this time. Analysis and calculation of next after-hype price of Fidelity Covington Trust is based on 3 months time horizon.
Fidelity Covington Etf Price Prediction Analysis
Have you ever been surprised when a price of a ETF such as Fidelity Covington is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fidelity Covington backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Etf price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Fidelity Covington, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.03 | 0.79 | 0.00 | 0.00 | 15 Events / Month | 3 Events / Month | In about 15 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
25.48 | 25.48 | 0.00 |
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Fidelity Covington Hype Timeline
Fidelity Covington Trust is currently traded for 25.48. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Fidelity is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 0.03%. %. The volatility of related hype on Fidelity Covington is about 1451.02%, with the expected price after the next announcement by competition of 25.48. About 26.0% of the company shares are held by company insiders. The company had not issued any dividends in recent years. Given the investment horizon of 90 days the next forecasted press release will be in about 15 days. Check out Fidelity Covington Basic Forecasting Models to cross-verify your projections.Fidelity Covington Related Hype Analysis
Having access to credible news sources related to Fidelity Covington's direct competition is more important than ever and may enhance your ability to predict Fidelity Covington's future price movements. Getting to know how Fidelity Covington's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Fidelity Covington may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MBOX | Freedom Day Dividend | 0.04 | 3 per month | 0.00 | (0.09) | 1.08 | (1.08) | 5.52 | |
| DIEM | Franklin Templeton ETF | 0.12 | 2 per month | 1.16 | (0.03) | 2.22 | (2.03) | 7.10 | |
| MCHI | iShares MSCI China | (0.34) | 11 per month | 2.68 | 0.06 | 6.60 | (4.51) | 19.78 | |
| DIPS | Tidal Trust II | 0.23 | 4 per month | 0.00 | (0.21) | 2.00 | (3.23) | 8.29 | |
| DISO | Tidal Trust II | (0.29) | 2 per month | 0.62 | 0.19 | 1.63 | (1.28) | 5.97 | |
| DIVB | iShares Dividend and | (0.04) | 2 per month | 0.62 | (0.05) | 1.11 | (0.73) | 5.73 | |
| DIVD | Altrius Global Dividend | (0.14) | 2 per month | 0.00 | (0.24) | 0.85 | (0.98) | 3.36 | |
| DIVG | Invesco Exchange Traded | 0.00 | 1 per month | 0.00 | (0.11) | 1.07 | (0.89) | 4.32 | |
| DIVI | Franklin International Core | (0.07) | 4 per month | 0.00 | (0.21) | 1.02 | (1.48) | 4.56 |
Fidelity Covington Additional Predictive Modules
Most predictive techniques to examine Fidelity price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Fidelity using various technical indicators. When you analyze Fidelity charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Fidelity Covington Predictive Indicators
The successful prediction of Fidelity Covington stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Fidelity Covington Trust, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Covington based on analysis of Fidelity Covington hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Fidelity Covington's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Fidelity Covington's related companies.
Story Coverage note for Fidelity Covington
The number of cover stories for Fidelity Covington depends on current market conditions and Fidelity Covington's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Fidelity Covington is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Fidelity Covington's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Check out Fidelity Covington Basic Forecasting Models to cross-verify your projections. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.