Fidelity Greenwood Street Fund Market Value
| FAPSX Fund | 9.64 0.02 0.21% |
| Symbol | Fidelity |
Fidelity Greenwood 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Greenwood's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Greenwood.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Fidelity Greenwood on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Greenwood Street or generate 0.0% return on investment in Fidelity Greenwood over 30 days. Fidelity Greenwood is related to or competes with Fidelity Freedom, Fidelity Puritan, Fidelity Puritan, Fidelity Pennsylvania, Fidelity Freedom, Fidelity Freedom, and Fidelity Salem. Using quantitative analysis to balance the funds risk across four risk factors growth , inflation , real rates , and liq... More
Fidelity Greenwood Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Greenwood's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Greenwood Street upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.7 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.7099 |
Fidelity Greenwood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Greenwood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Greenwood's standard deviation. In reality, there are many statistical measures that can use Fidelity Greenwood historical prices to predict the future Fidelity Greenwood's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Greenwood's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fidelity Greenwood Street Backtested Returns
Fidelity Greenwood Street secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the fund had a -0.14% return per unit of risk over the last 3 months. Fidelity Greenwood Street exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Greenwood's Standard Deviation of 0.6884, variance of 0.4738, and Mean Deviation of 0.4408 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Greenwood's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Greenwood is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
Fidelity Greenwood Street has good predictability. Overlapping area represents the amount of predictability between Fidelity Greenwood time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Greenwood Street price movement. The serial correlation of 0.67 indicates that around 67.0% of current Fidelity Greenwood price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Fidelity Greenwood Street lagged returns against current returns
Autocorrelation, which is Fidelity Greenwood mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Greenwood's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Greenwood returns to help us make a trade decision. For example, suppose you find that Fidelity Greenwood has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fidelity Greenwood regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Greenwood mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Greenwood mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Greenwood mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Greenwood Lagged Returns
When evaluating Fidelity Greenwood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Greenwood mutual fund have on its future price. Fidelity Greenwood autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Greenwood autocorrelation shows the relationship between Fidelity Greenwood mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Greenwood Street.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Fidelity Mutual Fund
Fidelity Greenwood financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Greenwood security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |