Fidelity Advantage Bitcoin Etf Performance
| FBTC Etf | 44.10 0.75 1.67% |
The etf shows a Beta (market volatility) of 0.94, which means possible diversification benefits within a given portfolio. Fidelity Advantage returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Advantage is expected to follow.
Risk-Adjusted Performance
20 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Advantage Bitcoin are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Fidelity Advantage displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Bitcoin ETFs Boosted by Inflows, Ether ETFs Hit by 79.21M Outflow - Bitcoin.com News | 09/24/2024 |
2 | Bitcoin ETF Flow Analysis for November 19, 2024 - Blockchain.News | 11/19/2024 |
Fidelity |
Fidelity Advantage Relative Risk vs. Return Landscape
If you would invest 2,609 in Fidelity Advantage Bitcoin on August 31, 2024 and sell it today you would earn a total of 1,801 from holding Fidelity Advantage Bitcoin or generate 69.03% return on investment over 90 days. Fidelity Advantage Bitcoin is generating 0.9073% of daily returns and assumes 3.4608% volatility on return distribution over the 90 days horizon. Simply put, 30% of etfs are less volatile than Fidelity, and 82% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Fidelity Advantage Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Advantage's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Advantage Bitcoin, and traders can use it to determine the average amount a Fidelity Advantage's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2622
| Best Portfolio | Best Equity | |||
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| Small Returns | FBTC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.46 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.91 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Fidelity Advantage is performing at about 20% of its full potential. 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 Advantage by adding it to a well-diversified portfolio.
About Fidelity Advantage Performance
By examining Fidelity Advantage's fundamental ratios, stakeholders can obtain critical insights into Fidelity Advantage's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Fidelity Advantage is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Fidelity Advantage is entity of Canada. It is traded as Etf on TO exchange.| Fidelity Advantage appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Bitcoin ETF Flow Analysis for November 19, 2024 - Blockchain.News |
Other Information on Investing in Fidelity Etf
Fidelity Advantage financial ratios help investors to determine whether Fidelity Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Advantage security.