Fidelity Porate Bond Fund Market Value
| FCBFX Fund | USD 10.39 0.02 0.19% |
| Symbol | Fidelity |
Fidelity Porate '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 Porate'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 Porate.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Fidelity Porate on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Porate Bond or generate 0.0% return on investment in Fidelity Porate over 30 days. Fidelity Porate is related to or competes with Fidelity Total, Fidelity Advisor, Fidelity Focused, and Fidelity Investment. The fund normally invests at least 80 percent of assets in investment-grade corporate bonds and other corporate debt sec... More
Fidelity Porate 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 Porate'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 Porate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 1.72 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.5666 |
Fidelity Porate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Porate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Porate's standard deviation. In reality, there are many statistical measures that can use Fidelity Porate historical prices to predict the future Fidelity Porate's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (1.04) |
Fidelity Porate Bond Backtested Returns
Fidelity Porate Bond secures Sharpe Ratio (or Efficiency) of -0.0907, which denotes the fund had a -0.0907% return per unit of risk over the last 3 months. Fidelity Porate Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Porate's Standard Deviation of 0.371, variance of 0.1377, and Mean Deviation of 0.2807 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0419, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Porate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Porate is expected to be smaller as well.
Auto-correlation | 0.10 |
Insignificant predictability
Fidelity Porate Bond has insignificant predictability. Overlapping area represents the amount of predictability between Fidelity Porate time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Porate Bond price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Fidelity Porate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Porate Bond lagged returns against current returns
Autocorrelation, which is Fidelity Porate 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 Porate's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Porate returns to help us make a trade decision. For example, suppose you find that Fidelity Porate 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 Porate 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 Porate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Porate 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 Porate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Porate Lagged Returns
When evaluating Fidelity Porate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Porate mutual fund have on its future price. Fidelity Porate 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 Porate autocorrelation shows the relationship between Fidelity Porate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Porate Bond.
Regressed Prices |
| Timeline |
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Other Information on Investing in Fidelity Mutual Fund
Fidelity Porate 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 Porate security.
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