FVAL Stock Summary and Trading Ideas (Fidelity Value Factor ETF | ARCA:FVAL)

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor IndexSM. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Fidelity Value Factor ETF trades on the ARCA stock market under the symbol FVAL.

As of April 19, 2024, FVAL stock price climbed to $54.65 with 24,924 million shares trading.

FVAL has a beta of 0.89, meaning it tends to be less sensitive to market movements. FVAL has a correlation of 0.91 to the broad based SPY ETF.

FVAL has a market cap of $759.64 million. This is considered a Small Cap stock.

In the last 3 years, FVAL stock traded as high as $57.22 and as low as $39.76.

FVAL stock has underperformed the market in the last year with a return of +19.8%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FVAL shares. However, FVAL has outperformed the market in the last 3 month and 2 week periods, returning +3.5% and -3.2%, while SPY returned +3.0% and -4.5%, respectively. This indicates FVAL has been having a stronger performance recently.

FVAL support price is $54.19 and resistance is $55.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FVAL stock will trade within this expected range on the day.