Fidelity Global Equity Fund Market Value

FGILX Fund  USD 20.96  0.10  0.47%   
Fidelity Global's market value is the price at which a share of Fidelity Global trades on a public exchange. It measures the collective expectations of Fidelity Global Equity investors about its performance. Fidelity Global is trading at 20.96 as of the 11th of December 2024; that is 0.47 percent decrease since the beginning of the trading day. The fund's open price was 21.06.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Global Equity and determine expected loss or profit from investing in Fidelity Global over a given investment horizon. Check out Fidelity Global Correlation, Fidelity Global Volatility and Fidelity Global Alpha and Beta module to complement your research on Fidelity Global.
Symbol

Please note, there is a significant difference between Fidelity Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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 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 Global.
0.00
12/22/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/11/2024
0.00
If you would invest  0.00  in Fidelity Global on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Global Equity or generate 0.0% return on investment in Fidelity Global over 720 days. Fidelity Global is related to or competes with Fidelity Emerging, Fidelity Total, and Fidelity International. The fund invests in securities issued throughout the world 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 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 Global Equity upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
20.4120.9621.51
Details
Intrinsic
Valuation
LowRealHigh
20.3720.9221.47
Details
Naive
Forecast
LowNextHigh
20.5021.0521.59
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.3220.8321.35
Details

Fidelity Global Equity Backtested Returns

At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Global Equity secures Sharpe Ratio (or Efficiency) of 0.0928, which denotes the fund had a 0.0928% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Global Equity, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Global's Mean Deviation of 0.4286, coefficient of variation of 891.03, and Downside Deviation of 0.5146 to check if the risk estimate we provide is consistent with the expected return of 0.0507%. The fund shows a Beta (market volatility) of 0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Global is expected to be smaller as well.

Auto-correlation

    
  0.49  

Average predictability

Fidelity Global Equity has average predictability. Overlapping area represents the amount of predictability between Fidelity Global time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 Equity price movement. The serial correlation of 0.49 indicates that about 49.0% of current Fidelity Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.49
Spearman Rank Test0.54
Residual Average0.0
Price Variance1.01

Fidelity Global Equity lagged returns against current returns

Autocorrelation, which is Fidelity Global 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 Global's mutual fund 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 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Global 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 Global mutual fund 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 mutual fund 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Global Equity.
   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 Mutual Fund

Fidelity Global 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 Global security.
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