Fidelity Momentum Factor Etf Price on November 5, 2024

FDMO Etf  USD 72.26  0.10  0.14%   
Below is the normalized historical share price chart for Fidelity Momentum Factor extending back to September 15, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fidelity Momentum stands at 72.26, as last reported on the 17th of December 2024, with the highest price reaching 72.69 and the lowest price hitting 72.06 during the day.
3 y Volatility
18.22
200 Day MA
63.8308
1 y Volatility
12.43
50 Day MA
69.6066
Inception Date
2016-09-12
 
Covid
If you're considering investing in Fidelity Etf, it is important to understand the factors that can impact its price. As of now, Fidelity Etf is very steady. Fidelity Momentum Factor secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the etf had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fidelity Momentum Factor, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Momentum's Downside Deviation of 0.8304, coefficient of variation of 438.34, and Mean Deviation of 0.6291 to check if the risk estimate we provide is consistent with the expected return of 0.19%.
  
Fidelity Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2131

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Estimated Market Risk

 0.87
  actual daily
7
93% of assets are more volatile

Expected Return

 0.19
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.21
  actual daily
16
84% of assets perform better
Based on monthly moving average Fidelity Momentum is performing at about 16% 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.
Average Mkt Cap Mil
285.6 K

Fidelity Momentum Valuation on November 5, 2024

It is possible to determine the worth of Fidelity Momentum on a given historical date. On November 5, 2024 Fidelity was worth 66.44 at the beginning of the trading date compared to the closed value of 67.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fidelity Momentum etf. Still, in general, we apply an absolute valuation method to find Fidelity Momentum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fidelity Momentum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fidelity Momentum's related companies.
 Open High Low Close Volume
  66.47    66.69    66.26    66.33    34,477  
11/05/2024
  66.44    67.46    66.44    67.46    40,744  
  68.79    69.31    68.54    69.31    39,527  
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Open Value
66.44
67.46
Closing Value
69.05
Upside

Fidelity Momentum Trading Date Momentum on November 5, 2024

On November 06 2024 Fidelity Momentum Factor was traded for  69.31  at the closing time. The top price for the day was 69.31  and the lowest listed price was  68.54 . The trading volume for the day was 39.5 K. The trading history from November 6, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 2.74% . The overall trading delta against the current closing price is 3.77% .

Fidelity Momentum Factor Fundamentals Correlations and Trends

By evaluating Fidelity Momentum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fidelity Momentum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fidelity financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Fidelity Momentum Etf history

Fidelity Momentum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fidelity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fidelity Momentum Factor will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fidelity Momentum stock prices may prove useful in developing a viable investing in Fidelity Momentum

Fidelity Momentum Etf Technical Analysis

Fidelity Momentum 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.
A focus of Fidelity Momentum technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity Momentum trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Fidelity Momentum Period Price Range

Low
December 17, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Fidelity Momentum Factor cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Fidelity Momentum December 17, 2024 Market Strength

Market strength indicators help investors to evaluate how Fidelity Momentum etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fidelity Momentum shares will generate the highest return on investment. By undertsting and applying Fidelity Momentum etf market strength indicators, traders can identify Fidelity Momentum Factor entry and exit signals to maximize returns

Fidelity Momentum Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Fidelity Momentum's price direction in advance. Along with the technical and fundamental analysis of Fidelity Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fidelity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Fidelity Momentum Factor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fidelity Momentum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fidelity Momentum Factor Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fidelity Momentum Factor Etf:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Momentum Factor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Fidelity Momentum Factor 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 Momentum's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Momentum'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 Momentum's market value can be influenced by many factors that don't directly affect Fidelity Momentum'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 Momentum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Momentum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Momentum'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.