(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
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
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 |
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%.
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%.
Fidelity Covington Trust - has no consensus analysts rating.
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% |