Fidelity Advisor Semiconductors Fund Market Value

FIKGX Fund  USD 96.84  2.17  2.29%   
Fidelity Advisor's market value is the price at which a share of Fidelity Advisor trades on a public exchange. It measures the collective expectations of Fidelity Advisor Semiconductors investors about its performance. Fidelity Advisor is trading at 96.84 as of the 5th of December 2024; that is 2.29% up since the beginning of the trading day. The fund's open price was 94.67.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Advisor Semiconductors and determine expected loss or profit from investing in Fidelity Advisor over a given investment horizon. Check out Fidelity Advisor Correlation, Fidelity Advisor Volatility and Fidelity Advisor Alpha and Beta module to complement your research on Fidelity Advisor.
Symbol

Please note, there is a significant difference between Fidelity Advisor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Advisor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Advisor'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 Advisor '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 Advisor'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 Advisor.
0.00
09/06/2024
No Change 0.00  0.0 
In 2 months and 31 days
12/05/2024
0.00
If you would invest  0.00  in Fidelity Advisor on September 6, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Advisor Semiconductors or generate 0.0% return on investment in Fidelity Advisor over 90 days. Fidelity Advisor is related to or competes with Fidelity Advisor, Fidelity Advisor, Fidelity Advisor, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe. The fund normally invests primarily in common stocks More

Fidelity Advisor 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 Advisor'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 Advisor Semiconductors upside and downside potential and time the market with a certain degree of confidence.

Fidelity Advisor Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Advisor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Advisor's standard deviation. In reality, there are many statistical measures that can use Fidelity Advisor historical prices to predict the future Fidelity Advisor's volatility.
Hype
Prediction
LowEstimatedHigh
94.8896.8498.80
Details
Intrinsic
Valuation
LowRealHigh
85.8487.80106.52
Details
Naive
Forecast
LowNextHigh
95.0997.0599.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
91.9193.6195.30
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Advisor. Your research has to be compared to or analyzed against Fidelity Advisor's peers to derive any actionable benefits. When done correctly, Fidelity Advisor's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fidelity Advisor Sem.

Fidelity Advisor Sem Backtested Returns

Fidelity Advisor appears to be very steady, given 3 months investment horizon. Fidelity Advisor Sem secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Advisor Semiconductors, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Advisor's Coefficient Of Variation of 801.2, downside deviation of 2.08, and Mean Deviation of 1.47 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.24, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Advisor will likely underperform.

Auto-correlation

    
  -0.18  

Insignificant reverse predictability

Fidelity Advisor Semiconductors has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fidelity Advisor time series from 6th of September 2024 to 21st of October 2024 and 21st of October 2024 to 5th 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 Advisor Sem price movement. The serial correlation of -0.18 indicates that over 18.0% of current Fidelity Advisor price fluctuation can be explain by its past prices.
Correlation Coefficient-0.18
Spearman Rank Test-0.27
Residual Average0.0
Price Variance5.26

Fidelity Advisor Sem lagged returns against current returns

Autocorrelation, which is Fidelity Advisor 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 Advisor's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Advisor returns to help us make a trade decision. For example, suppose you find that Fidelity Advisor 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 Advisor 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 Advisor mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Advisor 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 Advisor mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Fidelity Advisor Lagged Returns

When evaluating Fidelity Advisor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Advisor mutual fund have on its future price. Fidelity Advisor 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 Advisor autocorrelation shows the relationship between Fidelity Advisor mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Advisor Semiconductors.
   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 Advisor 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 Advisor security.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Content Syndication
Quickly integrate customizable finance content to your own investment portal