Fidelity Momentum Etf Performance

FCMO Etf   17.73  0.15  0.85%   
The etf shows a Beta (market volatility) of 0.5, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Momentum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Momentum is expected to be smaller as well.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Momentum ETF are ranked lower than 29 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating technical and fundamental indicators, Fidelity Momentum exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
  

Fidelity Momentum Relative Risk vs. Return Landscape

If you would invest  1,428  in Fidelity Momentum ETF on September 5, 2024 and sell it today you would earn a total of  330.00  from holding Fidelity Momentum ETF or generate 23.11% return on investment over 90 days. Fidelity Momentum ETF is generating 0.329% of daily returns and assumes 0.8641% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than Fidelity, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon Fidelity Momentum is expected to generate 1.16 times more return on investment than the market. However, the company is 1.16 times more volatile than its market benchmark. It trades about 0.38 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.21 per unit of risk.

Fidelity Momentum Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Momentum's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Momentum ETF, and traders can use it to determine the average amount a Fidelity Momentum'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 = 0.3808

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Estimated Market Risk

 0.86
  actual daily
7
93% of assets are more volatile

Expected Return

 0.33
  actual daily
6
94% of assets have higher returns

Risk-Adjusted Return

 0.38
  actual daily
29
71% of assets perform better
Based on monthly moving average Fidelity Momentum is performing at about 29% 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 Momentum by adding it to a well-diversified portfolio.

About Fidelity Momentum Performance

By analyzing Fidelity Momentum's fundamental ratios, stakeholders can gain valuable insights into Fidelity Momentum's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Fidelity Momentum has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fidelity Momentum has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Fidelity Momentum is entity of Canada. It is traded as Etf on NEO exchange.