Fidelity Europe (UK) Market Value
| FEQP Etf | 8.30 0.05 0.61% |
| Symbol | Fidelity |
Fidelity Europe '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 Europe'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 Europe.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Fidelity Europe on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Europe Quality or generate 0.0% return on investment in Fidelity Europe over 30 days. Fidelity Europe is related to or competes with Fidelity Sustainable, Fidelity Quality, Fidelity Sustainable, Fidelity Emerging, Fidelity Metaverse, Fidelity Global, and Fidelity Sustainable. Fidelity Europe is entity of United Kingdom More
Fidelity Europe 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 Europe'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 Europe Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6973 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.39 |
Fidelity Europe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Europe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Europe's standard deviation. In reality, there are many statistical measures that can use Fidelity Europe historical prices to predict the future Fidelity Europe's volatility.| Risk Adjusted Performance | 0.0539 | |||
| Jensen Alpha | 0.0339 | |||
| Total Risk Alpha | 0.005 | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.4607 |
Fidelity Europe Quality Backtested Returns
Currently, Fidelity Europe Quality is very steady. Fidelity Europe Quality secures Sharpe Ratio (or Efficiency) of 0.0634, which denotes the etf had a 0.0634 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Fidelity Europe Quality, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Europe's Coefficient Of Variation of 1523.56, mean deviation of 0.5418, and Downside Deviation of 0.6973 to check if the risk estimate we provide is consistent with the expected return of 0.0459%. The etf shows a Beta (market volatility) of 0.0803, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Europe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Europe is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Fidelity Europe Quality has very good predictability. Overlapping area represents the amount of predictability between Fidelity Europe time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th 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 Europe Quality price movement. The serial correlation of 0.83 indicates that around 83.0% of current Fidelity Europe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fidelity Europe Quality lagged returns against current returns
Autocorrelation, which is Fidelity Europe 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 Europe's etf expected returns. We can calculate the autocorrelation of Fidelity Europe returns to help us make a trade decision. For example, suppose you find that Fidelity Europe 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 Europe 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 Europe etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Europe etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Europe etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Europe Lagged Returns
When evaluating Fidelity Europe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Europe etf have on its future price. Fidelity Europe 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 Europe autocorrelation shows the relationship between Fidelity Europe etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Europe Quality.
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 Etf
Fidelity Europe 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 Europe security.