Fidelity Growth Opportunities Etf Market Value

FGRO Etf  USD 22.23  0.63  2.76%   
Fidelity Growth's market value is the price at which a share of Fidelity Growth trades on a public exchange. It measures the collective expectations of Fidelity Growth Opportunities investors about its performance. Fidelity Growth is selling at 22.23 as of the 15th of March 2025; that is 2.76 percent decrease since the beginning of the trading day. The etf's open price was 22.86.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Growth Opportunities and determine expected loss or profit from investing in Fidelity Growth over a given investment horizon. Check out Fidelity Growth Correlation, Fidelity Growth Volatility and Fidelity Growth Alpha and Beta module to complement your research on Fidelity Growth.
Symbol

The market value of Fidelity Growth Oppo 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 Growth's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Growth'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 Growth's market value can be influenced by many factors that don't directly affect Fidelity Growth'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 Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Growth'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 Growth '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 Growth'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 Growth.
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12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
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If you would invest  0.00  in Fidelity Growth on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Growth Opportunities or generate 0.0% return on investment in Fidelity Growth over 90 days. Fidelity Growth is related to or competes with Fidelity Covington, Fidelity Real, Fidelity Blue, and Fidelity Blue. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commis... More

Fidelity Growth 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 Growth'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 Growth Opportunities upside and downside potential and time the market with a certain degree of confidence.

Fidelity Growth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Growth's standard deviation. In reality, there are many statistical measures that can use Fidelity Growth historical prices to predict the future Fidelity Growth's volatility.
Hype
Prediction
LowEstimatedHigh
21.1422.7824.42
Details
Intrinsic
Valuation
LowRealHigh
19.6321.2722.91
Details
Naive
Forecast
LowNextHigh
20.5422.1823.81
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.2322.6823.14
Details

Fidelity Growth Oppo Backtested Returns

Fidelity Growth Oppo secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the etf had a -0.15 % return per unit of risk over the last 3 months. Fidelity Growth Opportunities exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Growth's Mean Deviation of 1.2, standard deviation of 1.55, and Variance of 2.41 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Fidelity Growth are expected to decrease at a much lower rate. During the bear market, Fidelity Growth is likely to outperform the market.

Auto-correlation

    
  -0.31  

Poor reverse predictability

Fidelity Growth Opportunities has poor reverse predictability. Overlapping area represents the amount of predictability between Fidelity Growth time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Growth Oppo price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Fidelity Growth price fluctuation can be explain by its past prices.
Correlation Coefficient-0.31
Spearman Rank Test-0.01
Residual Average0.0
Price Variance1.54

Fidelity Growth Oppo lagged returns against current returns

Autocorrelation, which is Fidelity Growth 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 Growth's etf expected returns. We can calculate the autocorrelation of Fidelity Growth returns to help us make a trade decision. For example, suppose you find that Fidelity Growth 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 Growth 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 Growth etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Growth etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Growth etf over time.
   Current vs Lagged Prices   
       Timeline  

Fidelity Growth Lagged Returns

When evaluating Fidelity Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Growth etf have on its future price. Fidelity Growth 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 Growth autocorrelation shows the relationship between Fidelity Growth etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Growth Opportunities.
   Regressed Prices   
       Timeline  

Pair Trading with Fidelity Growth

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 Growth 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 Growth will appreciate offsetting losses from the drop in the long position's value.

Moving together with Fidelity Etf

  0.93VUG Vanguard Growth IndexPairCorr
  0.93IWF iShares Russell 1000PairCorr
  0.92IVW iShares SP 500PairCorr
  0.92SPYG SPDR Portfolio SPPairCorr
  0.92IUSG iShares Core SPPairCorr

Moving against Fidelity Etf

  0.5BND Vanguard Total Bond Sell-off TrendPairCorr
  0.39GLD SPDR Gold SharesPairCorr
  0.36VEA Vanguard FTSE DevelopedPairCorr
The ability to find closely correlated positions to Fidelity Growth 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 Growth 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 Growth - 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 Growth Opportunities to buy it.
The correlation of Fidelity Growth 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 Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Growth Oppo 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 Growth 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.
Pair CorrelationCorrelation Matching
When determining whether Fidelity Growth Oppo offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fidelity Growth'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 Growth Opportunities Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fidelity Growth Opportunities Etf:
Check out Fidelity Growth Correlation, Fidelity Growth Volatility and Fidelity Growth Alpha and Beta module to complement your research on Fidelity Growth.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Fidelity Growth 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.
A focus of Fidelity Growth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity Growth trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...