Fidelity Etf Market Value

FHLC
 Etf
  

USD 60.81  0.08  0.13%   

Fidelity Health's market value is the price at which a share of Fidelity Health stock trades on a public exchange. It measures the collective expectations of Fidelity Health Care investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Fidelity Health Care and determine expected loss or profit from investing in Fidelity Health over a given investment horizon. Please check Fidelity Health Hype Analysis, Fidelity Health Correlation, Portfolio Optimization, Fidelity Health Volatility, as well as analyze Fidelity Health Alpha and Beta and Fidelity Health Performance.
Symbol
Backtest

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.

Fidelity Health 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Health's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Health.
0.00
07/05/2021
No Change 0.00  0.0 
In 11 months and 27 days
06/30/2022
0.00
If you would invest  0.00  in Fidelity Health on July 5, 2021 and sell it all today you would earn a total of 0.00 from holding Fidelity Health Care or generate 0.0% return on investment in Fidelity Health over 360 days. Fidelity Health is related to or competes with Travelers Companies. The fund invests at least 80 percent of assets in securities included in the funds underlying indexMore

Fidelity Health Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Health's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Health Care upside and downside potential and time the market with a certain degree of confidence.

Fidelity Health Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Health's standard deviation. In reality, there are many statistical measures that can use Fidelity Health historical prices to predict the future Fidelity Health's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Fidelity Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Fidelity Health in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
59.3960.8962.39
Details
Intrinsic
Valuation
LowReal ValueHigh
59.7261.2262.72
Details
Naive
Forecast
LowNext ValueHigh
62.6064.1065.61
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
56.7460.1463.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Health. Your research has to be compared to or analyzed against Fidelity Health's peers to derive any actionable benefits. When done correctly, Fidelity Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Fidelity Health Care.

Fidelity Health Care Backtested Returns

Fidelity Health Care secures Sharpe Ratio (or Efficiency) of -0.0827, which denotes the etf had -0.0827% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Fidelity Health Care exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Fidelity Health Care coefficient of variation of (1,681), and Mean Deviation of 1.21 to check the risk estimate we provide.
The etf shows a Beta (market volatility) of 0.8944, which means possible diversification benefits within a given portfolio. Let's try to break down what Fidelity's beta means in this case. Fidelity Health returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Health is expected to follow. Even though it is essential to pay attention to Fidelity Health Care historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Fidelity Health Care exposes twenty-eight different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.6  

Good reverse predictability

Fidelity Health Care has good reverse predictability. Overlapping area represents the amount of predictability between Fidelity Health time series from 5th of July 2021 to 1st of January 2022 and 1st of January 2022 to 30th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Health Care price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Fidelity Health price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test-0.02
Residual Average0.0
Price Variance6.0

Fidelity Health Care lagged returns against current returns

Autocorrelation, which is Fidelity Health etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Health's etf expected returns. We can calculate the autocorrelation of Fidelity Health returns to help us make a trade decision. For example, suppose you find that Fidelity Health etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Fidelity Health regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Health etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Health etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Health etf over time.
 Current vs Lagged Prices 
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      Timeline 

Fidelity Health Lagged Returns

When evaluating Fidelity Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Health etf have on its future price. Fidelity Health autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Health autocorrelation shows the relationship between Fidelity Health etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Health Care.
 Regressed Prices 
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      Timeline 

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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Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Fidelity Health Care using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Fidelity Health Hype Analysis, Fidelity Health Correlation, Portfolio Optimization, Fidelity Health Volatility, as well as analyze Fidelity Health Alpha and Beta and Fidelity Health Performance. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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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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Fidelity Health technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Fidelity Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity Health trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...