Fidelity Covington Trust Etf Technical Analysis
| FEAC Etf | USD 25.23 0.19 0.76% |
As of the 25th of December, Fidelity Covington shows the Standard Deviation of 0.8001, mean deviation of 0.5712, and Variance of 0.6401. Fidelity Covington Trust technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices.
Fidelity Covington Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Fidelity, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FidelityFidelity |
Fidelity Covington 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.
Fidelity Covington Trust Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Fidelity Covington Trust volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Fidelity Covington Trust Trend Analysis
Use this graph to draw trend lines for Fidelity Covington Trust. You can use it to identify possible trend reversals for Fidelity Covington as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Fidelity Covington price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Fidelity Covington Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Fidelity Covington Trust applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Fidelity Covington Trust market price will keep on failing further. It has 46 observation points and a regression sum of squares at 1.09, which is the sum of squared deviations for the predicted Fidelity Covington price change compared to its average price change.About Fidelity Covington Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Fidelity Covington Trust on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Fidelity Covington Trust based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Fidelity Covington Trust price pattern first instead of the macroeconomic environment surrounding Fidelity Covington Trust. By analyzing Fidelity Covington's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Fidelity Covington's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Fidelity Covington specific price patterns or momentum indicators. Please read more on our technical analysis page.
Fidelity Covington December 25, 2024 Technical Indicators
Most technical analysis of Fidelity help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Fidelity from various momentum indicators to cycle indicators. When you analyze Fidelity charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.37) | |||
| Mean Deviation | 0.5712 | |||
| Coefficient Of Variation | (5,372) | |||
| Standard Deviation | 0.8001 | |||
| Variance | 0.6401 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.38) | |||
| Maximum Drawdown | 3.66 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.8458 | |||
| Skewness | (1.94) | |||
| Kurtosis | 5.85 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Covington Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of Fidelity Covington Trust 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 Covington's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Covington'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 Covington's market value can be influenced by many factors that don't directly affect Fidelity Covington'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 Covington's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Covington is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Covington'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.