(FMAG) Fidelity Covington Trust - - Ratings and Ratios

Exchange: BATS • Country: USA • Currency: USD • Type: Etf • • Large Growth

FMAG: Equity, Securities, Stocks

Fidelity Covington Trust - Fidelity Magellan ETF (BATS:FMAG) is an actively managed exchange-traded fund that operates under an exemptive order from the SEC, allowing it to disclose its portfolio holdings less frequently than traditional ETFs. Instead of daily portfolio disclosure, the fund publishes a Tracking Basket on its website each business day, which is designed to mirror the funds daily performance but does not represent the actual holdings. The fund primarily invests in equity securities, both domestically and internationally, and is classified as a non-diversified fund, meaning it may concentrate its investments in fewer securities. The fund falls under the Large Growth category, targeting capital appreciation by investing in large-cap companies with growth potential.

As of the latest data, the Fidelity Magellan ETF has an average 20-day volume of 84,485 shares, with a last price of $30.45. Technically, the fund is currently trading below its 20-day and 50-day simple moving averages (SMAs) of $32.00 and $31.81, respectively, but slightly above its 200-day SMA of $30.51. The Average True Range (ATR) is 0.48, indicating moderate price volatility. With an asset under management (AUM) of $208.21 million, the fund maintains a significant presence in the ETF market while adhering to its active management strategy.

3-Month Forecast: - Technical Outlook: The fund is likely to face resistance at its 20-day and 50-day SMAs, currently at $32.00 and $31.81. If it breaks above these levels, it could target the upper range of its recent trading channel. Support is expected around the 200-day SMA at $30.51. The ATR of 0.48 suggests that price movements may remain within a narrow range, but traders should monitor for potential breakouts or breakdowns. - Fundamental Outlook: Given the funds focus on large-cap growth stocks, its performance will be closely tied to the broader markets sentiment towards growth-oriented companies. With an AUM of $208.21 million, the fund has the capacity to maneuver its portfolio actively, which could help in navigating potential market volatility. Investors should watch for earnings reports from key holdings and any macroeconomic factors that could influence large-cap growth stocks.

Additional Sources for FMAG ETF

FMAG ETF Overview

Market Cap in USD 208m
Category Large Growth
TER 0.59%
IPO / Inception 2021-02-02

FMAG ETF Ratings

Growth 5y 53.5%
Fundamental -
Dividend 44.3%
Rel. Strength Industry -2.58
Analysts -
Fair Price Momentum 26.83 USD
Fair Price DCF -

FMAG Dividends

Dividend Yield 12m 0.13%
Yield on Cost 5y 0.20%
Annual Growth 5y 54.00%
Payout Consistency 70.8%

FMAG Growth Ratios

Growth Correlation 3m -24.8%
Growth Correlation 12m 84.3%
Growth Correlation 5y 59.2%
CAGR 5y 9.91%
CAGR/Max DD 5y 0.30
Sharpe Ratio 12m 0.72
Alpha -5.06
Beta 1.22
Volatility 29.36%
Current Volume 89.9k
Average Volume 20d 89.1k
What is the price of FMAG stocks?
As of March 15, 2025, the stock is trading at USD 29.53 with a total of 89,895 shares traded.
Over the past week, the price has changed by -1.07%, over one month by -9.28%, over three months by -8.63% and over the past year by +7.04%.
Is Fidelity Covington Trust - a good stock to buy?
Partly, yes. Based on ValueRay Analyses, Fidelity Covington Trust - (BATS:FMAG) is currently (March 2025) ok to buy, but has to be watched. It has a Growth Technical Rating of 53.47 and therefor an somewhat technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of FMAG as of March 2025 is 26.83. This means that FMAG is currently overvalued and has a potential downside of -9.14%.
Is FMAG a buy, sell or hold?
Fidelity Covington Trust - has no consensus analysts rating.
What are the forecast for FMAG stock price target?
According to ValueRays Forecast Model, FMAG Fidelity Covington Trust - will be worth about 30.9 in March 2026. The stock is currently trading at 29.53. This means that the stock has a potential upside of +4.74%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 30.9 4.7%