Fidelity Sustainability Index Fund Market Value
| FITLX Fund | USD 27.06 0.16 0.59% |
| Symbol | Fidelity |
Fidelity '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'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.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fidelity on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Sustainability Index or generate 0.0% return on investment in Fidelity over 180 days. Fidelity is related to or competes with Morningstar Unconstrained, Thrivent High, Via Renewables, Bayview Acquisition, T Rowe, Coca Cola, and Sitka Gold. The fund normally invests at least 80 percent of assets in securities included in the MSCI USA ESG Leaders Index, which ... More
Fidelity 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'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 Sustainability Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8649 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.23 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.21 |
Fidelity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity's standard deviation. In reality, there are many statistical measures that can use Fidelity historical prices to predict the future Fidelity's volatility.| Risk Adjusted Performance | 0.0944 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1076 |
Fidelity Sustainability Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Sustainability secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Sustainability Index, which you can use to evaluate the volatility of the entity. Please confirm Fidelity's Downside Deviation of 0.8649, mean deviation of 0.6029, and Coefficient Of Variation of 819.76 to check if the risk estimate we provide is consistent with the expected return of 0.16%. The fund shows a Beta (market volatility) of 0.86, which means possible diversification benefits within a given portfolio. Fidelity returns are very sensitive to returns on the market. As the market goes up or down, Fidelity is expected to follow.
Auto-correlation | 0.31 |
Below average predictability
Fidelity Sustainability Index has below average predictability. Overlapping area represents the amount of predictability between Fidelity time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 Sustainability price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Fidelity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Fidelity Sustainability lagged returns against current returns
Autocorrelation, which is Fidelity 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's mutual fund expected returns. We can calculate the autocorrelation of Fidelity returns to help us make a trade decision. For example, suppose you find that Fidelity 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Lagged Returns
When evaluating Fidelity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity mutual fund have on its future price. Fidelity 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 autocorrelation shows the relationship between Fidelity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Sustainability Index.
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 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 security.
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