Ethereum Price Soars Past 4,000 What Is Going On With ETH?
| FETH Etf | 33.24 1.80 5.14% |
Under 61% of Fidelity Advantage's investor base is looking to short. The current sentiment regarding investing in Fidelity Advantage Ether etf implies that many traders are alarmed. Fidelity Advantage's investing sentiment shows overall attitude of investors towards Fidelity Advantage Ether.
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Ethereum has surged past the 4,000 milestone again, fueled by widespread market optimism and unprecedented inflows into ETH-focused E
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Fidelity Advantage Fundamental Analysis
We analyze Fidelity Advantage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Advantage using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Advantage 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Fidelity Advantage is currently under evaluation in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Fidelity Advantage Ether Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fidelity Advantage etf to make a market-neutral strategy. Peer analysis of Fidelity Advantage could also be used in its relative valuation, which is a method of valuing Fidelity Advantage by comparing valuation metrics with similar companies.
Peers
Fidelity Advantage Related Equities
| EZBC | Franklin Bitcoin | 3.47 |
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| ETHV | VanEck Ethereum | 5.05 |
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| ETHW | Bitwise Ethereum | 5.13 |
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| ETHA | IShares Ethereum | 5.19 |
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| EETH | ProShares Trust | 5.23 |
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| ETHU | Volatility Shares | 10.91 |
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Check out Fidelity Advantage Hype Analysis, Fidelity Advantage Correlation and Fidelity Advantage Performance. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of Fidelity Advantage Ether 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 Advantage's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Advantage'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 Advantage's market value can be influenced by many factors that don't directly affect Fidelity Advantage'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 Advantage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Advantage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Advantage'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.