Fidelity New Financials
| FMIL Etf | USD 44.42 0.50 1.14% |
Net Expense Ratio 0.0038 | 3 y Sharp Ratio 0.76 |
Fidelity |
The data published in Fidelity New's official financial statements typically reflect Fidelity New's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Fidelity New's quantitative information. For example, before you start analyzing numbers published by Fidelity accountants, it's essential to understand Fidelity New's liquidity, profitability, and earnings quality within the context of the Fidelity Investments space in which it operates.
Fidelity New Etf Summary
Fidelity New competes with Fidelity Blue, Fidelity Blue, Fidelity Covington, and Fidelity Growth. Identifying early signs of long-term changes in the marketplace and focusing on those companies that may benefit from opportunities created by these changes by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors, which can lead to investments in small and medium-sized companies. Fidelity New is traded on BATS Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | BATS Exchange |
| ISIN | US3160923609 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Fidelity Investments |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Fidelity New Key Financial Ratios
Fidelity Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity New's current stock value. Our valuation model uses many indicators to compare Fidelity New value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity New competition to find correlations between indicators driving Fidelity New's intrinsic value. More Info.Fidelity New Millennium is one of the top ETFs in beta as compared to similar ETFs. It also is one of the top ETFs in one year return as compared to similar ETFs reporting about 9.89 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Fidelity New by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Fidelity New Millennium Systematic Risk
Fidelity New's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity New volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Fidelity New Millennium correlated with the market. If Beta is less than 0 Fidelity New generally moves in the opposite direction as compared to the market. If Fidelity New Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity New Millennium is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity New is generally in the same direction as the market. If Beta > 1 Fidelity New moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity New March 21, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity New help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity New Millennium. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity New Millennium based on widely used predictive technical indicators. In general, we focus on analyzing Fidelity Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fidelity New's daily price indicators and compare them against related drivers.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.42 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity New Millennium. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of Fidelity New Millennium 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 New's value that differs from its market value or its book value, called intrinsic value, which is Fidelity New'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 New's market value can be influenced by many factors that don't directly affect Fidelity New'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 New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity New'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.