Fidelity Msci Materials Etf Market Value

FMAT Etf  USD 53.79  0.44  0.81%   
Fidelity MSCI's market value is the price at which a share of Fidelity MSCI trades on a public exchange. It measures the collective expectations of Fidelity MSCI Materials investors about its performance. Fidelity MSCI is selling for under 53.79 as of the 4th of December 2024; that is 0.81 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 53.67.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity MSCI Materials and determine expected loss or profit from investing in Fidelity MSCI over a given investment horizon. Check out Fidelity MSCI Correlation, Fidelity MSCI Volatility and Fidelity MSCI Alpha and Beta module to complement your research on Fidelity MSCI.
Symbol

The market value of Fidelity MSCI Materials 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 MSCI's value that differs from its market value or its book value, called intrinsic value, which is Fidelity MSCI'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 MSCI's market value can be influenced by many factors that don't directly affect Fidelity MSCI'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 MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity MSCI'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 MSCI '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 MSCI'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 MSCI.
0.00
09/05/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/04/2024
0.00
If you would invest  0.00  in Fidelity MSCI on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity MSCI Materials or generate 0.0% return on investment in Fidelity MSCI over 90 days. Fidelity MSCI is related to or competes with Vanguard Industrials, Vanguard Communication, Vanguard Consumer, Vanguard Consumer, and Vanguard Utilities. The fund invests at least 80 percent of assets in securities included in the funds underlying index More

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

Fidelity MSCI Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity MSCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity MSCI's standard deviation. In reality, there are many statistical measures that can use Fidelity MSCI historical prices to predict the future Fidelity MSCI's volatility.
Hype
Prediction
LowEstimatedHigh
53.3754.1854.99
Details
Intrinsic
Valuation
LowRealHigh
53.0653.8754.68
Details
Naive
Forecast
LowNextHigh
54.2655.0755.87
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
53.1753.9454.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity MSCI. Your research has to be compared to or analyzed against Fidelity MSCI's peers to derive any actionable benefits. When done correctly, Fidelity MSCI's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fidelity MSCI Materials.

Fidelity MSCI Materials Backtested Returns

Currently, Fidelity MSCI Materials is very steady. Fidelity MSCI Materials secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fidelity MSCI Materials, which you can use to evaluate the volatility of the entity. Please confirm Fidelity MSCI's Downside Deviation of 0.8296, coefficient of variation of 1850.67, and Mean Deviation of 0.6923 to check if the risk estimate we provide is consistent with the expected return of 0.0988%. The etf shows a Beta (market volatility) of 0.88, which means possible diversification benefits within a given portfolio. Fidelity MSCI returns are very sensitive to returns on the market. As the market goes up or down, Fidelity MSCI is expected to follow.

Auto-correlation

    
  0.04  

Virtually no predictability

Fidelity MSCI Materials has virtually no predictability. Overlapping area represents the amount of predictability between Fidelity MSCI time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th of December 2024. 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 MSCI Materials price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Fidelity MSCI price fluctuation can be explain by its past prices.
Correlation Coefficient0.04
Spearman Rank Test-0.05
Residual Average0.0
Price Variance0.44

Fidelity MSCI Materials lagged returns against current returns

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

Fidelity MSCI Lagged Returns

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  
When determining whether Fidelity MSCI Materials is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fidelity Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fidelity Msci Materials Etf. Highlighted below are key reports to facilitate an investment decision about Fidelity Msci Materials Etf:
Check out Fidelity MSCI Correlation, Fidelity MSCI Volatility and Fidelity MSCI Alpha and Beta module to complement your research on Fidelity MSCI.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Fidelity MSCI 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 MSCI technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity MSCI 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...