Fidelity Global Monthly Etf Market Value
| FCGI Etf | CAD 13.94 0.00 0.00% |
| Symbol | Fidelity |
Fidelity Global '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 Global's etf 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 Global.
| 12/01/2024 |
| 12/31/2024 |
If you would invest 0.00 in Fidelity Global on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Global Monthly or generate 0.0% return on investment in Fidelity Global over 30 days. Fidelity Global is related to or competes with Fidelity Canadian, Fidelity Dividend, Fidelity High, and Fidelity International. FIDELITY GLBL is traded on Toronto Stock Exchange in Canada. More
Fidelity Global 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 Global's etf 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 Global Monthly upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5887 | |||
| Information Ratio | 0.0048 | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.8621 |
Fidelity Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Global's standard deviation. In reality, there are many statistical measures that can use Fidelity Global historical prices to predict the future Fidelity Global's volatility.| Risk Adjusted Performance | 0.0154 | |||
| Jensen Alpha | 0.003 | |||
| Total Risk Alpha | 0.0025 | |||
| Sortino Ratio | 0.0036 | |||
| Treynor Ratio | (0.08) |
Fidelity Global Monthly Backtested Returns
As of now, Fidelity Etf is very steady. Fidelity Global Monthly secures Sharpe Ratio (or Efficiency) of 0.0232, which denotes the etf had a 0.0232% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Fidelity Global Monthly, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Global's Coefficient Of Variation of 3348.98, downside deviation of 0.5887, and Mean Deviation of 0.2267 to check if the risk estimate we provide is consistent with the expected return of 0.0104%. The etf shows a Beta (market volatility) of -0.0389, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Global are expected to decrease at a much lower rate. During the bear market, Fidelity Global is likely to outperform the market.
Auto-correlation | -0.24 |
Weak reverse predictability
Fidelity Global Monthly has weak reverse predictability. Overlapping area represents the amount of predictability between Fidelity Global time series from 1st of December 2024 to 16th of December 2024 and 16th of December 2024 to 31st of December 2024. 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 Global Monthly price movement. The serial correlation of -0.24 indicates that over 24.0% of current Fidelity Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fidelity Global Monthly lagged returns against current returns
Autocorrelation, which is Fidelity Global etf'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 Global's etf expected returns. We can calculate the autocorrelation of Fidelity Global returns to help us make a trade decision. For example, suppose you find that Fidelity Global has exhibited high autocorrelation historically, and you observe that the etf 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Global etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Global Lagged Returns
When evaluating Fidelity Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Global etf have on its future price. Fidelity Global 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 Global autocorrelation shows the relationship between Fidelity Global etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Global Monthly.
Regressed Prices |
| Timeline |
Pair Trading with Fidelity Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity Global will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Fidelity Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity Global Monthly to buy it.
The correlation of Fidelity Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Global Monthly moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fidelity Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fidelity Etf
Fidelity Global financial ratios help investors to determine whether Fidelity Etf 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 Global security.