Fidelity New Millennium Performance
| FMILDelisted Etf | USD 46.53 0.30 0.64% |
The etf shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity New are expected to decrease at a much lower rate. During the bear market, Fidelity New is likely to outperform the market.
Risk-Adjusted Performance
4 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity New Millennium are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent forward indicators, Fidelity New is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
| In Threey Sharp Ratio | 0.75 |
Fidelity |
Fidelity New Relative Risk vs. Return Landscape
If you would invest 4,535 in Fidelity New Millennium on October 7, 2024 and sell it today you would earn a total of 118.00 from holding Fidelity New Millennium or generate 2.6% return on investment over 90 days. Fidelity New Millennium is currently generating 0.0466% in daily expected returns and assumes 0.7887% risk (volatility on return distribution) over the 90 days horizon. In different words, 7% 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 New Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity New's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity New Millennium, and traders can use it to determine the average amount a Fidelity New'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 = 0.0591
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FMIL |
Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Fidelity New is performing at about 4% 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 New by adding it to a well-diversified portfolio.
Fidelity New Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity New, and Fidelity New 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 | 59.74 M | |||
About Fidelity New Performance
By examining Fidelity New's fundamental ratios, stakeholders can obtain critical insights into Fidelity New's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Fidelity New is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
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.| Fidelity New is now traded under the symbol FFLC. Please update your portfolios or report it if you believe this is an error. Report It! | |
| Fidelity New has a very high chance of going through financial distress in the upcoming years | |
| The fund retains 95.63% of its assets under management (AUM) in equities |
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Other Consideration for investing in Fidelity Etf
If you are still planning to invest in Fidelity New Millennium check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Fidelity New's history and understand the potential risks before investing.
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