Fidelity Nasdaq Composite Etf Performance
| ONEQ Etf | USD 74.88 1.05 1.38% |
The etf shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Nasdaq's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Nasdaq is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Fidelity Nasdaq Composite has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable technical and fundamental indicators, Fidelity Nasdaq is not utilizing all of its potentials. The latest stock price agitation, may contribute to short-term losses for the retail investors. ...more
| In Threey Sharp Ratio | 0.47 |
Fidelity |
Fidelity Nasdaq Relative Risk vs. Return Landscape
If you would invest 7,565 in Fidelity Nasdaq Composite on November 28, 2024 and sell it today you would lose (77.00) from holding Fidelity Nasdaq Composite or give up 1.02% of portfolio value over 90 days. Fidelity Nasdaq Composite is currently does not generate positive expected returns and assumes 1.227% risk (volatility on return distribution) over the 90 days horizon. In different words, 10% 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 Nasdaq Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Nasdaq's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Nasdaq Composite, and traders can use it to determine the average amount a Fidelity Nasdaq'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 = -0.0083
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ONEQ |
Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity Nasdaq 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 Nasdaq by adding Fidelity Nasdaq to a well-diversified portfolio.
Fidelity Nasdaq Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Nasdaq, and Fidelity Nasdaq 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 | 2.83 X | |||
| Price To Book | 3.09 X | |||
| Price To Sales | 2.07 X | |||
| Earnings Per Share | 9.93 X | |||
| Total Asset | 3.56 B | |||
About Fidelity Nasdaq Performance
Assessing Fidelity Nasdaq's fundamental ratios provides investors with valuable insights into Fidelity Nasdaq's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Fidelity Nasdaq is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of assets in common stocks included in the index. Nasdaq Composite is traded on NASDAQ Exchange in the United States.| Fidelity Nasdaq generated a negative expected return over the last 90 days | |
| The fund maintains 99.25% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Fidelity Nasdaq Composite. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of Fidelity Nasdaq Composite 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect Fidelity Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Nasdaq'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.