Fidelity Momentum Factor Etf Performance
| FDMO Etf | USD 66.08 0.25 0.38% |
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 Momentum are expected to decrease at a much lower rate. During the bear market, Fidelity Momentum is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Fidelity Momentum Factor has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Etf's primary indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the ETF investors. ...more
| In Threey Sharp Ratio | 0.59 |
Fidelity |
Fidelity Momentum Relative Risk vs. Return Landscape
If you would invest 7,097 in Fidelity Momentum Factor on December 23, 2024 and sell it today you would lose (489.00) from holding Fidelity Momentum Factor or give up 6.89% of portfolio value over 90 days. Fidelity Momentum Factor is currently does not generate positive expected returns and assumes 1.3859% risk (volatility on return distribution) over the 90 days horizon. In different words, 12% of etfs are less volatile than Fidelity, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Fidelity Momentum Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Momentum's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Momentum Factor, and traders can use it to determine the average amount a Fidelity Momentum's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0775
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FDMO |
Estimated Market Risk
| 1.39 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity Momentum is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Momentum by adding Fidelity Momentum to a well-diversified portfolio.
Fidelity Momentum Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Momentum, and Fidelity Momentum fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fidelity Etf performance.
| Price To Earning | 23.78 X | |||
| Price To Book | 3.71 X | |||
| Price To Sales | 2.77 X | |||
| Total Asset | 96.56 M | |||
About Fidelity Momentum Performance
By examining Fidelity Momentum's fundamental ratios, stakeholders can obtain critical insights into Fidelity Momentum's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Fidelity Momentum is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund normally invests at least 80 percent of assets in securities included in the Fidelity U.S. Fidelity Momentum is traded on NYSEARCA Exchange in the United States.| Fidelity Momentum generated a negative expected return over the last 90 days | |
| The fund retains 99.85% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Momentum Factor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Fidelity Momentum Factor 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 Momentum's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Momentum'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 Momentum's market value can be influenced by many factors that don't directly affect Fidelity Momentum'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 Momentum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Momentum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Momentum'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.