Fidelity Corporate Bond Etf Performance
| FCOR Etf | USD 47.42 0.19 0.40% |
The etf shows a Beta (market volatility) of 0.0943, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Corporate is expected to be smaller as well.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Fidelity Corporate Bond has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Fidelity Corporate is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors. ...more
Fidelity |
Fidelity Corporate Relative Risk vs. Return Landscape
If you would invest 4,732 in Fidelity Corporate Bond on September 2, 2024 and sell it today you would earn a total of 10.00 from holding Fidelity Corporate Bond or generate 0.21% return on investment over 90 days. Fidelity Corporate Bond is currently generating 0.0041% in daily expected returns and assumes 0.3979% risk (volatility on return distribution) over the 90 days horizon. In different words, 3% of etfs are less volatile than Fidelity, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Fidelity Corporate Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Corporate's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Corporate Bond, and traders can use it to determine the average amount a Fidelity Corporate'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 = 0.0102
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FCOR |
Estimated Market Risk
| 0.4 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity Corporate is not performing at its full potential. However, 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 Corporate by adding Fidelity Corporate to a well-diversified portfolio.
Fidelity Corporate Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Corporate, and Fidelity Corporate fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fidelity Etf performance.
| Total Asset | 144.11 M | |||
About Fidelity Corporate Performance
Assessing Fidelity Corporate's fundamental ratios provides investors with valuable insights into Fidelity Corporate's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Fidelity Corporate is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Normally, the fund invests at least 80 percent of its assets in investment-grade corporate bonds and other corporate debt securities and repurchase agreements for those securities. Fidelity Corporate is traded on NYSEARCA Exchange in the United States.| The fund created three year return of -1.0% | |
| Fidelity Corporate Bond retains about 18.63% of its assets under management (AUM) in fixed income securities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Corporate Bond. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Fidelity Corporate Bond 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 Corporate's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Corporate'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 Corporate's market value can be influenced by many factors that don't directly affect Fidelity Corporate'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 Corporate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Corporate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Corporate'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.