Fidelity Japan Fund Market Value

FJPNX Fund  USD 18.21  0.01  0.05%   
Fidelity Japan's market value is the price at which a share of Fidelity Japan trades on a public exchange. It measures the collective expectations of Fidelity Japan Fund investors about its performance. Fidelity Japan is trading at 18.21 as of the 9th of December 2024; that is 0.05 percent decrease since the beginning of the trading day. The fund's open price was 18.22.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Japan Fund and determine expected loss or profit from investing in Fidelity Japan over a given investment horizon. Check out Fidelity Japan Correlation, Fidelity Japan Volatility and Fidelity Japan Alpha and Beta module to complement your research on Fidelity Japan.
Symbol

Please note, there is a significant difference between Fidelity Japan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Japan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Japan'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 Japan '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 Japan'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 Japan.
0.00
11/09/2024
No Change 0.00  0.0 
In 31 days
12/09/2024
0.00
If you would invest  0.00  in Fidelity Japan on November 9, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Japan Fund or generate 0.0% return on investment in Fidelity Japan over 30 days. Fidelity Japan is related to or competes with Fidelity Japan, Fidelity Europe, Fidelity Pacific, and Fidelity Emerging. The fund normally invests at least 80 percent of assets in securities of Japanese issuers and other investments that are... More

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

Fidelity Japan Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Japan's standard deviation. In reality, there are many statistical measures that can use Fidelity Japan historical prices to predict the future Fidelity Japan's volatility.
Hype
Prediction
LowEstimatedHigh
17.0118.2119.41
Details
Intrinsic
Valuation
LowRealHigh
16.9818.1819.38
Details
Naive
Forecast
LowNextHigh
17.3618.5619.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.0117.8218.64
Details

Fidelity Japan Backtested Returns

At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Japan secures Sharpe Ratio (or Efficiency) of 0.0348, which denotes the fund had a 0.0348% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Japan Fund, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Japan's Downside Deviation of 1.38, mean deviation of 0.9622, and Coefficient Of Variation of 15382.51 to check if the risk estimate we provide is consistent with the expected return of 0.0418%. The fund shows a Beta (market volatility) of 0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Japan is expected to be smaller as well.

Auto-correlation

    
  -0.82  

Excellent reverse predictability

Fidelity Japan Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Fidelity Japan time series from 9th of November 2024 to 24th of November 2024 and 24th of November 2024 to 9th 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 Japan price movement. The serial correlation of -0.82 indicates that around 82.0% of current Fidelity Japan price fluctuation can be explain by its past prices.
Correlation Coefficient-0.82
Spearman Rank Test-0.55
Residual Average0.0
Price Variance0.14

Fidelity Japan lagged returns against current returns

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

Fidelity Japan Lagged Returns

When evaluating Fidelity Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Japan mutual fund have on its future price. Fidelity Japan 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 Japan autocorrelation shows the relationship between Fidelity Japan mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Japan Fund.
   Regressed Prices   
       Timeline  

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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 Japan 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 Japan security.
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