Fidelity Crypto Industry Etf Beta
| FDIG Etf | USD 35.05 0.55 1.59% |
Fidelity Crypto Industry fundamentals help investors to digest information that contributes to Fidelity Crypto's financial success or failures. It also enables traders to predict the movement of Fidelity Etf. The fundamental analysis module provides a way to measure Fidelity Crypto's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fidelity Crypto etf.
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Fidelity Crypto Industry ETF Beta Analysis
Fidelity Crypto's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Fidelity Crypto Industry has a Beta of 0.0. This indicator is about the same for the Fidelity Investments average (which is currently at 0.0) family and about the same as Digital Assets (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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Fund Asset Allocation for Fidelity Crypto
The fund invests 99.85% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Fidelity Crypto's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Fidelity Fundamentals
| Total Asset | 18.3 M | |||
| One Year Return | 33.60 % | |||
| Net Asset | 18.3 M | |||
| Equity Positions Weight | 99.85 % |
About Fidelity Crypto Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fidelity Crypto Industry's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Crypto using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Crypto Industry based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether Fidelity Crypto Industry is a strong investment it is important to analyze Fidelity Crypto's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fidelity Crypto's future performance. For an informed investment choice regarding Fidelity Etf, refer to the following important reports:Check out Fidelity Crypto Piotroski F Score and Fidelity Crypto Altman Z Score analysis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Fidelity Crypto Industry 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 Crypto's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Crypto'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 Crypto's market value can be influenced by many factors that don't directly affect Fidelity Crypto'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 Crypto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Crypto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Crypto'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.