Fidelity Etf Performance

FHLC
 Etf
  

USD 60.67  0.22  0.36%   

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.
  
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Fidelity Performance
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Over the last 90 days Fidelity Health Care has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest abnormal performance, the Etf's essential indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the ETF investors. ...more

Fidelity Price Channel

Fifty Two Week Low55.92
Fifty Two Week High69.27

Fidelity Health Relative Risk vs. Return Landscape

If you would invest  6,611  in Fidelity Health Care on April 1, 2022 and sell it today you would lose (530.00)  from holding Fidelity Health Care or give up 8.02% of portfolio value over 90 days. Fidelity Health Care is currently does not generate positive expected returns and assumes 1.4954% risk (volatility on return distribution) over the 90 days horizon. In different words, 12% of etfs are less volatile than Fidelity, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Fidelity Health is expected to generate 1.03 times more return on investment than the market. However, the company is 1.03 times more volatile than its market benchmark. It trades about -0.08 of its potential returns per unit of risk. The DOW is currently generating roughly -0.14 per unit of risk.

Fidelity Health Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Health's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Health Care, and traders can use it to determine the average amount a Fidelity Health's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0827

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Estimated Market Risk
 1.5
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 12 %
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Based on monthly moving average Fidelity Health is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Health by adding it to a well-diversified portfolio.

About Fidelity Health Performance

To evaluate Fidelity Health Care Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Fidelity Health generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Fidelity Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Fidelity Health Care stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Fidelity's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about Fidelity Health Care

Checking the ongoing alerts about Fidelity Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fidelity Health Care help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Fidelity Health Alerts

Equity Alerts and Improvement Suggestions

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
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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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.