Gold Portfolio Fidelity Fund Market Value
| FGDTX Fund | USD 23.88 0.12 0.50% |
| Symbol | Gold |
Gold Portfolio '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 Gold Portfolio'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 Gold Portfolio.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Gold Portfolio on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Gold Portfolio Fidelity or generate 0.0% return on investment in Gold Portfolio over 30 days. Gold Portfolio is related to or competes with Goldman Sachs, Needham Aggressive, Pace High, and Litman Gregory. The fund normally invests at least 80 percent of assets in securities of companies principally engaged in gold-related a... More
Gold Portfolio 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 Gold Portfolio'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 Gold Portfolio Fidelity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 9.3 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 2.64 |
Gold Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Portfolio's standard deviation. In reality, there are many statistical measures that can use Gold Portfolio historical prices to predict the future Gold Portfolio's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gold Portfolio'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.
Gold Portfolio Fidelity Backtested Returns
Gold Portfolio Fidelity holds Efficiency (Sharpe) Ratio of -0.0705, which attests that the entity had a -0.0705% return per unit of risk over the last 3 months. Gold Portfolio Fidelity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gold Portfolio's Market Risk Adjusted Performance of (0.72), risk adjusted performance of (0.07), and Standard Deviation of 1.79 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gold Portfolio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gold Portfolio is expected to be smaller as well.
Auto-correlation | -0.65 |
Very good reverse predictability
Gold Portfolio Fidelity has very good reverse predictability. Overlapping area represents the amount of predictability between Gold Portfolio time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Gold Portfolio Fidelity price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Gold Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Gold Portfolio Fidelity lagged returns against current returns
Autocorrelation, which is Gold Portfolio 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 Gold Portfolio's mutual fund expected returns. We can calculate the autocorrelation of Gold Portfolio returns to help us make a trade decision. For example, suppose you find that Gold Portfolio 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 |
Gold Portfolio 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 Gold Portfolio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Portfolio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Portfolio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Gold Portfolio Lagged Returns
When evaluating Gold Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Portfolio mutual fund have on its future price. Gold Portfolio 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, Gold Portfolio autocorrelation shows the relationship between Gold Portfolio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Gold Portfolio Fidelity.
Regressed Prices |
| Timeline |
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Other Information on Investing in Gold Mutual Fund
Gold Portfolio financial ratios help investors to determine whether Gold 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 Gold with respect to the benefits of owning Gold Portfolio security.
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