Fidelity Etf Profile

FHLC
 Etf
  

USD 60.67  0.22  0.36%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Fidelity Health is trading at 60.67 as of the 30th of June 2022, a -0.36 percent down since the beginning of the trading day. The etf's open price was 60.89. Fidelity Health has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Fidelity Health Care are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of August 2021 and ending today, the 30th of June 2022. Click here to learn more.
The fund invests at least 80 percent of assets in securities included in the funds underlying index. Fidelity Health is traded on NYSEArca Exchange in the United States. More on Fidelity Health Care

Moving together with Fidelity Health

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Fidelity Health Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Fidelity Health's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fidelity Health or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fidelity Health Care generated a negative expected return over the last 90 days
Fidelity Health Care is unlikely to experience financial distress in the next 2 years
The fund retains 99.84% of its assets under management (AUM) in equities
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Fidelity Health's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
IssuerFidelity
DescriptionFidelity MSCI Health Care Index ETF
Inception Date2013-10-21
BenchmarkMSCI USA IMI Health Care Index
Entity TypeRegulated Investment Company
Asset Under Management2.76 Billion
Average Trading Valume180,872.3
Asset TypeEquity
CategorySector
FocusHealth Care
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorFidelity Service Company, Inc.
AdvisorFidelity SelectCo, LLC
CustodianState Street Bank and Trust Company
DistributorFidelity Distributors Corporation
Portfolio ManagerDiane Hsiung, Jennifer Hsui, Alan Mason, Greg Savage
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Aug
ExchangeNYSE Arca, Inc.
Number of Constituents485
Market MakerCredit Suisse
Total Expense0.084
Management Fee0.084
Nav Price60.58
Two Hundred Day Average64.07
Ytd-13.71%
Average Daily Volume In Three Month192.73k
Fifty Two Week Low55.92
As Of Date11th of May 2022
Average Daily Volume Last 10 Day207.43k
Fifty Two Week High69.27
One Month-11.49%
Fifty Day Average61.42
Three Month-5.84%
Fidelity Health Care [FHLC] is traded in USA and was established 2013-10-21. The fund is listed under Health category and is part of Fidelity Investments family. Fidelity Health Care currently have 2.83 B in assets under management (AUM). , while the total return for the last 3 years was 12.64%.
Check Fidelity Health Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity Health Care Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Fidelity Health Care Constituents

Fidelity Health Target Price Odds Analysis

What are Fidelity Health's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Fidelity Health jumping above the current price in 90 days from now is about 69.68%. The Fidelity Health Care probability density function shows the probability of Fidelity Health etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Fidelity Health has a beta of 0.8944. This usually indicates Fidelity Health Care market returns are sensitive to returns on the market. As the market goes up or down, Fidelity Health is expected to follow. Additionally, the company has an alpha of 0.0604, implying that it can generate a 0.0604 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 60.67HorizonTargetOdds Above 60.67
30.09%90 days
 60.67 
69.68%
Based on a normal probability distribution, the odds of Fidelity Health to move above the current price in 90 days from now is about 69.68 (This Fidelity Health Care probability density function shows the probability of Fidelity Etf to fall within a particular range of prices over 90 days) .

Fidelity Health Top Holders

Fidelity Health Care Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Fidelity Health market risk premium is the additional return an investor will receive from holding Fidelity Health long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Health. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Fidelity Health's alpha and beta are two of the key measurements used to evaluate Fidelity Health's performance over the market, the standard measures of volatility play an important role as well.

Fidelity Health Care Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Fidelity Health Care Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Fidelity Health price patterns.
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Fidelity Health Against Markets

Picking the right benchmark for Fidelity Health etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fidelity Health etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fidelity Health is critical whether you are bullish or bearish towards Fidelity Health Care at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fidelity Health without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Investing Fidelity Health Care

You need to understand the risk of investing before taking a position in Fidelity Health. The danger of trading Fidelity Health Care is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fidelity Health is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fidelity Health. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fidelity Health Care is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Investing Opportunities. Note that the Fidelity Health Care information on this page should be used as a complementary analysis to other Fidelity Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running Fidelity Health Care price analysis, check to measure Fidelity Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Health is operating at the current time. Most of Fidelity Health's value examination focuses on studying past and present price action to predict the probability of Fidelity Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fidelity Health's price. Additionally, you may evaluate how the addition of Fidelity Health to your portfolios can decrease your overall portfolio volatility.
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The market value of Fidelity Health Care 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 Health's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Health'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 Health's market value can be influenced by many factors that don't directly affect Fidelity Health'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 Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Fidelity Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Health'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.