Fidelity Etf Profile


USD 23.07  0.02  0.09%   

Market Performance
3 of 100
Odds Of Distress
Less than 43
Fidelity Metaverse is selling for under 23.07 as of the 8th of August 2022; that is -0.09 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 23.05. Fidelity Metaverse has about a 43 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Fidelity Metaverse ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of August 2020 and ending today, the 8th of August 2022. Click here to learn more.
The fund normally invests at least 80 percent of assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse. More on Fidelity Metaverse ETF

Moving together with Fidelity Metaverse

0.77JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
0.72DISWalt Disney Earnings Call  This WeekPairCorr

Fidelity Metaverse 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 Metaverse's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fidelity Metaverse or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
The fund retains 99.71% of its assets under management (AUM) in equities
Thematic IdeaTech Funds (view all)
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 Metaverse's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
DescriptionFidelity Metaverse ETF
Inception Date2022-04-21
BenchmarkFidelity Metaverse Index
Entity TypeRegulated Investment Company
Asset TypeEquity
Market ConcentrationBlended Development
AdministratorFidelity Management & Research Company LLC
AdvisorFidelity Management & Research Company LLC
CustodianState Street Bank and Trust Company
DistributorFidelity Distributors Company LLC
Portfolio ManagerLouis Bottari, Peter Matthew, Robert Regan, Payal Gupta, Navid Sohrabi
Transfer AgentState Street Bank and Trust Company
Fiscal Year End30-Jun
Total Expense0.39
Management Fee0.39
Nav Price22.17
Two Hundred Day Average22.63
Average Daily Volume In Three Month11.77k
Fifty Two Week Low20.88
As Of Date25th of July 2022
Average Daily Volume Last 10 Day8.58k
Fifty Two Week High25.1
Fifty Day Average22.41
One Month-2.08%
Three Month-7.11%
Fidelity Metaverse ETF [FMET] is traded in USA and was established 2022-04-19. The fund is listed under Technology category and is part of Fidelity Investments family. The entity is thematically classified as Tech Funds. Fidelity Metaverse ETF currently have 10.66 M in assets under management (AUM).
Check Fidelity Metaverse Probability Of Bankruptcy

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 Metaverse ETF 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.

Fidelity Metaverse Target Price Odds Analysis

What are Fidelity Metaverse's target price odds to finish over the current price? Attributed to a normal probability distribution, the odds of Fidelity Metaverse jumping above the current price in 90 days from now is about 27.06%. The Fidelity Metaverse ETF probability density function shows the probability of Fidelity Metaverse etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Fidelity Metaverse has a beta of 0.0608. This usually indicates as returns on the market go up, Fidelity Metaverse average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fidelity Metaverse ETF will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Fidelity Metaverse ETF is significantly underperforming DOW.
  Odds Below 23.07HorizonTargetOdds Above 23.07
72.70%90 days
Based on a normal probability distribution, the odds of Fidelity Metaverse to move above the current price in 90 days from now is about 27.06 (This Fidelity Metaverse ETF probability density function shows the probability of Fidelity Etf to fall within a particular range of prices over 90 days) .

Fidelity Metaverse ETF Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Fidelity Metaverse market risk premium is the additional return an investor will receive from holding Fidelity Metaverse 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 Metaverse. 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 Metaverse's alpha and beta are two of the key measurements used to evaluate Fidelity Metaverse's performance over the market, the standard measures of volatility play an important role as well.

Fidelity Metaverse ETF Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. Fidelity Metaverse Price Ceiling Movement function is a real number to the largest previous price integer.

Fidelity Metaverse Against Markets

Picking the right benchmark for Fidelity Metaverse 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 Metaverse 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 Metaverse is critical whether you are bullish or bearish towards Fidelity Metaverse ETF 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 Metaverse 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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Invested in Fidelity Metaverse ETF?

You need to understand the risk of investing before taking a position in Fidelity Metaverse. The danger of trading Fidelity Metaverse ETF 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 Metaverse 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 Metaverse. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fidelity Metaverse ETF 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 Metaverse ETF information on this page should be used as a complementary analysis to other Fidelity Metaverse'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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