Fidelity Dividend Etf Total Asset
| FDRR Etf | USD 51.44 1.58 2.98% |
Fidelity Dividend ETF fundamentals help investors to digest information that contributes to Fidelity Dividend'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 Dividend'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 Dividend etf.
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Fidelity Dividend ETF ETF Total Asset Analysis
Fidelity Dividend's Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Fidelity Dividend Total Asset | 518.13 M |
Most of Fidelity Dividend's fundamental indicators, such as Total Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fidelity Dividend ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
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Based on the latest financial disclosure, Fidelity Dividend ETF has a Total Asset of 518.13 M. This is much higher than that of the Fidelity Investments family and significantly higher than that of the Large Value category. The total asset for all United States etfs is notably lower than that of the firm.
Fidelity Total Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fidelity Dividend's direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Fidelity Dividend could also be used in its relative valuation, which is a method of valuing Fidelity Dividend by comparing valuation metrics of similar companies.Fidelity Dividend is currently under evaluation in total asset as compared to similar ETFs.
Fund Asset Allocation for Fidelity Dividend
The fund invests 99.72% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Fidelity Dividend'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
| Price To Earning | 16.43 X | |||
| Price To Book | 2.16 X | |||
| Price To Sales | 1.48 X | |||
| Number Of Employees | 452 | |||
| Beta | 0.88 | |||
| Total Asset | 518.13 M | |||
| One Year Return | 23.70 % | |||
| Three Year Return | 8.90 % | |||
| Five Year Return | 11.60 % | |||
| Net Asset | 518.13 M | |||
| Last Dividend Paid | 0.23 | |||
| Equity Positions Weight | 99.72 % |
About Fidelity Dividend Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fidelity Dividend ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Dividend using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Dividend ETF 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.
Pair Trading with Fidelity Dividend
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity Dividend position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Fidelity Etf
| 0.79 | VTV | Vanguard Value Index | PairCorr |
| 0.9 | VYM | Vanguard High Dividend | PairCorr |
| 0.75 | IWD | iShares Russell 1000 | PairCorr |
| 0.72 | DGRO | iShares Core Dividend | PairCorr |
| 0.7 | IVE | iShares SP 500 | PairCorr |
Moving against Fidelity Etf
| 0.67 | ULE | ProShares Ultra Euro | PairCorr |
| 0.56 | YCL | ProShares Ultra Yen | PairCorr |
| 0.53 | FXY | Invesco CurrencyShares | PairCorr |
| 0.5 | PFFL | ETRACS 2xMonthly Pay | PairCorr |
The ability to find closely correlated positions to Fidelity Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity Dividend when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity Dividend - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity Dividend ETF to buy it.
The correlation of Fidelity Dividend is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Dividend ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fidelity Dividend can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Fidelity Dividend Piotroski F Score and Fidelity Dividend Altman Z Score analysis. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of Fidelity Dividend ETF 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 Dividend's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Dividend'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 Dividend's market value can be influenced by many factors that don't directly affect Fidelity Dividend'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 Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Dividend is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Dividend'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.