Fidelity Wise Origin Etf Market Value
| FBTC Etf | 92.80 1.14 1.24% |
| Symbol | Fidelity |
The market value of Fidelity Wise Origin 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 Wise's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Wise'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 Wise's market value can be influenced by many factors that don't directly affect Fidelity Wise'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 Wise's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Wise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Wise'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.
Fidelity Wise 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Wise's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Wise.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Fidelity Wise on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Wise Origin or generate 0.0% return on investment in Fidelity Wise over 30 days. Fidelity Wise is related to or competes with Grayscale Bitcoin, ProShares Bitcoin, Amplify Transformational, Siren Nasdaq, First Trust, Bitwise Crypto, and Simplify Equity. Fidelity Wise is entity of United States More
Fidelity Wise Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Wise's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Wise Origin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | 0.208 | |||
| Maximum Drawdown | 19.21 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 6.37 |
Fidelity Wise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Wise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Wise's standard deviation. In reality, there are many statistical measures that can use Fidelity Wise historical prices to predict the future Fidelity Wise's volatility.| Risk Adjusted Performance | 0.1885 | |||
| Jensen Alpha | 0.7569 | |||
| Total Risk Alpha | 0.6711 | |||
| Sortino Ratio | 0.2487 | |||
| Treynor Ratio | (5.83) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Wise's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fidelity Wise Origin Backtested Returns
Fidelity Wise appears to be very steady, given 3 months investment horizon. Fidelity Wise Origin secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the etf had a 0.23 % return per unit of risk over the last 3 months. By reviewing Fidelity Wise's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please utilize Fidelity Wise's Coefficient Of Variation of 462.03, mean deviation of 2.66, and Downside Deviation of 2.95 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Wise are expected to decrease at a much lower rate. During the bear market, Fidelity Wise is likely to outperform the market.
Auto-correlation | 0.53 |
Modest predictability
Fidelity Wise Origin has modest predictability. Overlapping area represents the amount of predictability between Fidelity Wise time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Wise Origin price movement. The serial correlation of 0.53 indicates that about 53.0% of current Fidelity Wise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 10.75 |
Fidelity Wise Origin lagged returns against current returns
Autocorrelation, which is Fidelity Wise etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Wise's etf expected returns. We can calculate the autocorrelation of Fidelity Wise returns to help us make a trade decision. For example, suppose you find that Fidelity Wise has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fidelity Wise regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Wise etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Wise etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Wise etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Wise Lagged Returns
When evaluating Fidelity Wise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Wise etf have on its future price. Fidelity Wise autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Wise autocorrelation shows the relationship between Fidelity Wise etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Wise Origin.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Fidelity Wise Origin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fidelity Wise'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 Wise Origin Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fidelity Wise Origin Etf:Check out Fidelity Wise Correlation, Fidelity Wise Volatility and Fidelity Wise Alpha and Beta module to complement your research on Fidelity Wise. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Fidelity Wise 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.