Fidelity Emerging Markets Etf Market Value
| FDEM Etf | USD 25.68 0.11 0.43% |
| Symbol | Fidelity |
The market value of Fidelity Emerging Markets 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 Emerging's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Emerging'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 Emerging's market value can be influenced by many factors that don't directly affect Fidelity Emerging'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 Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Emerging'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.
Fidelity Emerging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Emerging's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Emerging.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Fidelity Emerging on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Emerging Markets or generate 0.0% return on investment in Fidelity Emerging over 90 days. Fidelity Emerging is related to or competes with Fidelity International, Fidelity Small, Fidelity International, Fidelity International, and Fidelity Momentum. The fund normally invests at least 80 percent of its assets in securities included in the index and in depositary receip... More
Fidelity Emerging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Emerging's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9814 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.62 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.56 |
Fidelity Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Emerging's standard deviation. In reality, there are many statistical measures that can use Fidelity Emerging historical prices to predict the future Fidelity Emerging's volatility.| Risk Adjusted Performance | 0.0025 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Emerging's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fidelity Emerging Markets Backtested Returns
As of now, Fidelity Etf is very steady. Fidelity Emerging Markets secures Sharpe Ratio (or Efficiency) of 0.004, which denotes the etf had a 0.004% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fidelity Emerging Markets, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Emerging's Downside Deviation of 0.9814, mean deviation of 0.6992, and Coefficient Of Variation of 118947.44 to check if the risk estimate we provide is consistent with the expected return of 0.0037%. The etf shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Emerging is expected to be smaller as well.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Fidelity Emerging Markets has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Emerging time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Emerging Markets price movement. The serial correlation of -0.73 indicates that around 73.0% of current Fidelity Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Fidelity Emerging Markets lagged returns against current returns
Autocorrelation, which is Fidelity Emerging etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Emerging's etf expected returns. We can calculate the autocorrelation of Fidelity Emerging returns to help us make a trade decision. For example, suppose you find that Fidelity Emerging has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fidelity Emerging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Emerging etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Emerging etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Emerging etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Emerging Lagged Returns
When evaluating Fidelity Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Emerging etf have on its future price. Fidelity Emerging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Emerging autocorrelation shows the relationship between Fidelity Emerging etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Emerging Markets.
Regressed Prices |
| Timeline |
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Fidelity Emerging 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.