Fidelity Growth Income Fund Market Value
| FGRIX Fund | USD 61.40 1.28 2.13% |
| Symbol | Fidelity |
Fidelity Growth '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 Growth'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 Growth.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Fidelity Growth on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Growth Income or generate 0.0% return on investment in Fidelity Growth over 90 days. Fidelity Growth is related to or competes with Fidelity Freedom, Fidelity Puritan, Fidelity Puritan, Fidelity Pennsylvania, Fidelity Freedom, Fidelity Freedom, and Fidelity Salem. The fund normally invests a majority of assets in common stocks with a focus on those that pay current dividends and sho... More
Fidelity Growth 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 Growth'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 Growth Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0046 | |||
| Maximum Drawdown | 4.17 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.17 |
Fidelity Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Growth's standard deviation. In reality, there are many statistical measures that can use Fidelity Growth historical prices to predict the future Fidelity Growth's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0129 | |||
| Treynor Ratio | (0.13) |
Fidelity Growth Income Backtested Returns
Fidelity Growth Income secures Sharpe Ratio (or Efficiency) of -0.0764, which denotes the fund had a -0.0764 % return per unit of risk over the last 3 months. Fidelity Growth Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Growth's Variance of 0.8811, mean deviation of 0.7375, and Standard Deviation of 0.9387 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Growth is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Fidelity Growth Income has very good reverse predictability. Overlapping area represents the amount of predictability between Fidelity Growth time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Growth Income price movement. The serial correlation of -0.67 indicates that around 67.0% of current Fidelity Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.42 |
Fidelity Growth Income lagged returns against current returns
Autocorrelation, which is Fidelity Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Growth returns to help us make a trade decision. For example, suppose you find that Fidelity Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Growth Lagged Returns
When evaluating Fidelity Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Growth mutual fund have on its future price. Fidelity Growth 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 Growth autocorrelation shows the relationship between Fidelity Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Growth Income.
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 Growth 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 Growth security.
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