Fidelity Govt Cash Fund Market Value
| FDRXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Fidelity |
Fidelity Govt '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 Govt's money market 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 Govt.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Fidelity Govt on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Govt Cash or generate 0.0% return on investment in Fidelity Govt over 30 days. Fidelity Govt is related to or competes with Aqr Diversified, Wilmington Diversified, Fulcrum Diversified, Delaware Limited, and Prudential Core. Fidelity Govt is entity of United States More
Fidelity Govt 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 Govt's money market 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 Govt Cash upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.01 |
Fidelity Govt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Govt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Govt's standard deviation. In reality, there are many statistical measures that can use Fidelity Govt historical prices to predict the future Fidelity Govt's volatility.| Risk Adjusted Performance | 0.0438 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | 0.0017 | |||
| Treynor Ratio | (0.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Govt'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 Govt Cash Backtested Returns
At this stage we consider Fidelity Money Market Fund to be not too volatile. Fidelity Govt Cash secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Fidelity Govt Cash, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Govt's Standard Deviation of 0.1243, mean deviation of 0.0301, and Variance of 0.0155 to check if the risk estimate we provide is consistent with the expected return of 0.016%. The fund shows a Beta (market volatility) of -0.0109, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Govt are expected to decrease at a much lower rate. During the bear market, Fidelity Govt is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Fidelity Govt Cash has no correlation between past and present. Overlapping area represents the amount of predictability between Fidelity Govt time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Govt Cash price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fidelity Govt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Govt Cash lagged returns against current returns
Autocorrelation, which is Fidelity Govt money market 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 Govt's money market fund expected returns. We can calculate the autocorrelation of Fidelity Govt returns to help us make a trade decision. For example, suppose you find that Fidelity Govt has exhibited high autocorrelation historically, and you observe that the money market 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 Govt 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 Govt money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Govt money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Govt money market fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Govt Lagged Returns
When evaluating Fidelity Govt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Govt money market fund have on its future price. Fidelity Govt 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 Govt autocorrelation shows the relationship between Fidelity Govt money market fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Govt Cash.
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.Other Information on Investing in Fidelity Money Market Fund
Fidelity Govt financial ratios help investors to determine whether Fidelity Money Market 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 Govt security.
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