Fidelity Momentum Etf Performance
| FCMO Etf | 17.73 0.15 0.85% |
The etf shows a Beta (market volatility) of 0.41, 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
34 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Momentum ETF are ranked lower than 34 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, Fidelity Momentum exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Fidelity |
Fidelity Momentum Relative Risk vs. Return Landscape
If you would invest 1,408 in Fidelity Momentum ETF on September 6, 2024 and sell it today you would earn a total of 365.00 from holding Fidelity Momentum ETF or generate 25.92% return on investment over 90 days. Fidelity Momentum ETF is generating 0.3642% of daily returns and assumes 0.838% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than Fidelity, and 93% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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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 = 0.4346
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Estimated Market Risk
| 0.84 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.36 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.43 actual daily | 34 66% of assets perform better |
Based on monthly moving average Fidelity Momentum is performing at about 34% 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.| Fidelity is showing solid risk-adjusted performance over 90 days |
Other Information on Investing in Fidelity Etf
Fidelity Momentum 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 Momentum security.