Fidelity Covington Trust Etf Short Ratio
| FEAC Etf | USD 25.48 0.25 0.99% |
Fidelity Covington Trust fundamentals help investors to digest information that contributes to Fidelity Covington's financial success or failures. It also enables traders to predict the movement of Fidelity Etf. The fundamental analysis module provides a way to measure Fidelity Covington's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fidelity Covington etf.
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Fidelity Covington Trust ETF Short Ratio Analysis
Fidelity Covington's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Fidelity Covington Short Ratio | 1.17 X |
Most of Fidelity Covington's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fidelity Covington Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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Based on the latest financial disclosure, Fidelity Covington Trust has a Short Ratio of 1.17 times. This is much higher than that of the Financial Services family and significantly higher than that of the Large Blend category. The short ratio for all United States etfs is notably lower than that of the firm.
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Fidelity Fundamentals
| Current Valuation | 1.68 B | |||
| Shares Outstanding | 69 M | |||
| Shares Owned By Insiders | 25.96 % | |||
| Shares Owned By Institutions | 63.38 % | |||
| Number Of Shares Shorted | 2.38 M | |||
| Cash And Equivalents | 255.83 K | |||
| Total Debt | 230 K | |||
| Debt To Equity | 0.05 % | |||
| Short Ratio | 1.17 X | |||
| Market Capitalization | 1.52 B |
About Fidelity Covington Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fidelity Covington Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Covington using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Covington Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 Fidelity Covington Piotroski F Score and Fidelity Covington Altman Z Score analysis. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.