Fidelity Covington Valuation
| FMAG Etf | USD 32.10 0.09 0.28% |
At this time, the entity appears to be undervalued. Fidelity Covington Trust shows a prevailing Real Value of $35.15 per share. The current price of the entity is $32.1. Our model computes the value of Fidelity Covington Trust from reviewing the entity fundamentals such as net asset of 39.99 M as well as analyzing its technical indicators and probability of bankruptcy.
Undervalued
Today
Please note that Fidelity Covington's price fluctuation is very steady at this time. Calculation of the real value of Fidelity Covington Trust is based on 3 months time horizon. Increasing Fidelity Covington's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Fidelity etf is determined by what a typical buyer is willing to pay for full or partial control of Fidelity Covington Trust. Since Fidelity Covington is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Etf. However, Fidelity Covington's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 32.1 | Real 35.15 | Hype 32.1 | Naive 31.95 |
The real value of Fidelity Etf, also known as its intrinsic value, is the underlying worth of Fidelity Covington Trust ETF, which is reflected in its stock price. It is based on Fidelity Covington's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Fidelity Covington's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
Estimating the potential upside or downside of Fidelity Covington Trust helps investors to forecast how Fidelity etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Fidelity Covington more accurately as focusing exclusively on Fidelity Covington's fundamentals will not take into account other important factors: Please note that valuation analysis is one of the essential comprehensive assessments in business. It evaluates Fidelity Covington's worth, which you can determine by considering its current assets, liabilities and future cash flows. The investors' valuation analysis is an important metric that will give you a perspective on different companies. It helps you know the worth of the potential investment in Fidelity Covington and how it compares across the competition.
About Fidelity Covington Valuation
The etf valuation mechanism determines Fidelity Covington's current worth on a weekly basis. Our valuation model uses a comparative analysis of Fidelity Covington. We calculate exposure to Fidelity Covington's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Fidelity Covington's related companies.The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission and is not required to publicly disclose its complete portfolio holdings each business day. Fidelity Magellan is traded on BATS Exchange in the United States.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Covington Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of Fidelity Covington Trust 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 Covington's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Covington'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 Covington's market value can be influenced by many factors that don't directly affect Fidelity Covington'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 Covington's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Covington is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Covington'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.