Fidelity Dividend Beta vs. Net Asset

FDRR Etf  USD 52.30  0.34  0.65%   
Based on the measurements of profitability obtained from Fidelity Dividend's financial statements, Fidelity Dividend ETF may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Fidelity Dividend's ability to earn profits and add value for shareholders.
For Fidelity Dividend profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Fidelity Dividend to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Fidelity Dividend ETF utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Fidelity Dividend's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Fidelity Dividend ETF over time as well as its relative position and ranking within its peers.
  
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The market value of Fidelity Dividend ETF 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 Dividend's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Dividend'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 Dividend's market value can be influenced by many factors that don't directly affect Fidelity Dividend'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 Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Dividend is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Dividend'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 Dividend ETF Net Asset vs. Beta Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Dividend's current stock value. Our valuation model uses many indicators to compare Fidelity Dividend value to that of its competitors to determine the firm's financial worth.
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Fidelity Dividend ETF is one of the top ETFs in beta as compared to similar ETFs. It also is one of the top ETFs in net asset as compared to similar ETFs making up about  588,784,091  of Net Asset per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Fidelity Dividend by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Fidelity Net Asset vs. Beta

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Fidelity Dividend

Beta

 = 

Covariance

Variance

 = 
0.88
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

Fidelity Dividend

Net Asset

 = 

Current Market Value

-

Current Liabilities

 = 
518.13 M
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.

Fidelity Net Asset Comparison

518.1M96.6M400.8M227.8M100%
Fidelity Dividend is currently under evaluation in net asset as compared to similar ETFs.

Beta Analysis

Fidelity Dividend returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Dividend is expected to follow.

Fidelity Dividend Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Fidelity Dividend, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Fidelity Dividend will eventually generate negative long term returns. The profitability progress is the general direction of Fidelity Dividend's change in net profit over the period of time. It can combine multiple indicators of Fidelity Dividend, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund normally invests at least 80 percent of assets in securities included in the underlying index and in depository receipts representing securities included in the underlying index. Fidelity Dividend is traded on NYSEARCA Exchange in the United States.

Fidelity Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Fidelity Dividend. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Fidelity Dividend position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Fidelity Dividend's important profitability drivers and their relationship over time.

Use Fidelity Dividend in pair-trading

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

Fidelity Dividend Pair Trading

Fidelity Dividend ETF Pair Trading Analysis

The ability to find closely correlated positions to Fidelity Dividend 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 Dividend 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 Dividend - 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 Dividend ETF to buy it.
The correlation of Fidelity Dividend 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 Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Dividend ETF 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 Dividend 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

Use Investing Themes to Complement your Fidelity Dividend position

In addition to having Fidelity Dividend in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Latest Gainers Thematic Idea Now

Latest Gainers
Latest Gainers Theme
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 162 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Latest Gainers Theme or any other thematic opportunities.
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When determining whether Fidelity Dividend ETF is a strong investment it is important to analyze Fidelity Dividend's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fidelity Dividend's future performance. For an informed investment choice regarding Fidelity Etf, refer to the following important reports:
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You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
To fully project Fidelity Dividend's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Fidelity Dividend ETF at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Fidelity Dividend's income statement, its balance sheet, and the statement of cash flows.
Potential Fidelity Dividend investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Fidelity Dividend investors may work on each financial statement separately, they are all related. The changes in Fidelity Dividend's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Fidelity Dividend's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.