No. of Recommendations: 0
Is anyone doing specific sector/sub-sector ETF selection within the class based on momentum? (Active or passive index of sectors or sub-sectors, etc.)
I have just started using sector ETF selection within the classes. I am using watchlists first to "paper-trade" a couple of momentum factor based ideas.That sounds like a strategy that might work well with Fidelity's Basket trading. But you are the one with the experience on that.
I watch the sector profile on the screens.
for example
ROE_GMI (FH,Q)
AS OF 09:13 AM ET 12/07/2023
Current SoR Profile CountIF() %
Sector -- --
Information Technology 15 25%
Industrials 15 25%
Health Care 12 20%
Consumer Discretionary 6 10%
Materials 5 8%
Energy 5 8%
Communication Services 3 5%
Consumer Staples 0 0%
Financials 0 0%
REIT 0 0%
Utilities 0 0%
Market Capitalization -- --
Mega 5 8%
Large 17 28%
Medium 39 64%
Small 0 0%
-- --
Total Count 61 100%
ROE_GMI (FH,Q) AS OF 09:13 AM ET 12/07/2023
Criteria: (Name) Criteria: (range) Count Count (%)
Security Type Common Stock 7930
Security Price No Filter
Company Headquarters Location United States of America 5850
Market Capitalization Mega, Large, Medium 613 100%
Current Ratio (MRQ) Very high, high & Medium 222 36%
Quick Ratio (MRQ) Very high, high & Medium 187 31%
S&P GMI Financial Health Very high, high & Medium 110 18%
S&P GMI Quality Very high, high & Medium 101 16%
Return on Equity (TTM) Very high, high 63 10%
Sector Exc. Financial & REIT 61 10%
Industry Industry 61 10%
Sub-Industry Sub-Industry 61 10%
GD_
