FRNW 📈 Fidelity Covington Trust - - Overview
Exchange: BATS • Country: USA • Currency: USD • Type: Etf • • Miscellaneous Sector
FRNW: Solar, Wind, Hydrogen, Renewable Energy, Technology, Equipment, Depository Receipts
The fund normally invests at least 80% 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 across the market capitalization spectrum that distribute, produce or provide technology or equipment to support the production of energy from solar, wind, hydrogen and other renewable sources. The fund is non-diversified.
Additional Sources for FRNW ETF
News:
Wall Street Journal
Benzinga
Yahoo Finance
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
FRNW ETF Overview
| Market Cap in USD | 24m |
| Category | Miscellaneous Sector |
| TER | 0.39% |
| IPO / Inception | 2021-10-05 |
FRNW ETF Ratings
| Growth 5y | -70.7% |
| Fundamental | - |
| Dividend | 47.4% |
| Rel. Strength Industry | -145 |
| Analysts | - |
| Fair Price Momentum | 11.32 USD |
| Fair Price DCF | - |
FRNW Dividends
| Dividend Yield 12m | 1.43% |
| Yield on Cost 5y | 0.78% |
| Annual Growth 5y | 109.60% |
| Payout Consistency | 76.3% |
FRNW Growth Ratios
| Growth Correlation 3m | -72.7% |
| Growth Correlation 12m | -13.5% |
| Growth Correlation 5y | -85.5% |
| CAGR 5y | -16.83% |
| CAGR/Mean DD 5y | -0.51 |
| Sharpe Ratio 12m | -0.46 |
| Alpha | -33.61 |
| Beta | 0.97 |
| Volatility | 28.14% |
| Current Volume | 4.1k |
| Average Volume 20d | 12.8k |
What is the price of FRNW stocks?
As of January 15, 2025, the stock is trading at USD 13.51 with a total of 4,100 shares traded.
Over the past week, the price has changed by -6.19%, over one month by -4.23%, over three months by -10.76% and over the past year by -10.73%.
As of January 15, 2025, the stock is trading at USD 13.51 with a total of 4,100 shares traded.
Over the past week, the price has changed by -6.19%, over one month by -4.23%, over three months by -10.76% and over the past year by -10.73%.
Is Fidelity Covington Trust - a good stock to buy?
No, based on ValueRay Analyses, Fidelity Covington Trust - (BATS:FRNW) is currently (January 2025) a stock to sell. It has a ValueRay Growth Rating of -70.71 and therefor a clear technical negative rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of FRNW as of January 2025 is 11.32. This means that FRNW is currently overvalued and has a potential downside of -16.21%.
No, based on ValueRay Analyses, Fidelity Covington Trust - (BATS:FRNW) is currently (January 2025) a stock to sell. It has a ValueRay Growth Rating of -70.71 and therefor a clear technical negative rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of FRNW as of January 2025 is 11.32. This means that FRNW is currently overvalued and has a potential downside of -16.21%.
Is FRNW a buy, sell or hold?
Fidelity Covington Trust - has no consensus analysts rating.
Fidelity Covington Trust - has no consensus analysts rating.
What are the forecast for FRNW stock price target?
According to ValueRays Forecast Model, FRNW Fidelity Covington Trust - will be worth about 12.6 in January 2026. The stock is currently trading at 13.51. This means that the stock has a potential downside of -6.96%.
According to ValueRays Forecast Model, FRNW Fidelity Covington Trust - will be worth about 12.6 in January 2026. The stock is currently trading at 13.51. This means that the stock has a potential downside of -6.96%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 12.6 | -7% |