Fidelity Flex Servative Fund Market Value
| FJTDX Fund | USD 10.04 0.00 0.00% |
| Symbol | Fidelity |
Fidelity Flex '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 Flex'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 Flex.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Fidelity Flex on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Flex Servative or generate 0.0% return on investment in Fidelity Flex over 90 days. Fidelity Flex is related to or competes with Eventide Healthcare, Invesco Global, Eventide Healthcare, Baron Health, Prudential Health, and Health Biotchnology. The fund normally invests at least 80 percent of assets in U.S More
Fidelity Flex 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 Flex'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 Flex Servative upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.24) | |||
| Maximum Drawdown | 0.6019 | |||
| Potential Upside | 0.1005 |
Fidelity Flex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Flex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Flex's standard deviation. In reality, there are many statistical measures that can use Fidelity Flex historical prices to predict the future Fidelity Flex's volatility.| Risk Adjusted Performance | 0.0886 | |||
| Jensen Alpha | 0.014 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Flex's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fidelity Flex Servative Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Flex Servative 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 seventeen technical indicators for Fidelity Flex Servative, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Flex's Variance of 0.0091, mean deviation of 0.0427, and Standard Deviation of 0.0952 to check if the risk estimate we provide is consistent with the expected return of 0.0141%. The fund shows a Beta (market volatility) of -0.0331, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Flex are expected to decrease at a much lower rate. During the bear market, Fidelity Flex is likely to outperform the market.
Auto-correlation | 0.55 |
Modest predictability
Fidelity Flex Servative has modest predictability. Overlapping area represents the amount of predictability between Fidelity Flex time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Flex Servative price movement. The serial correlation of 0.55 indicates that about 55.0% of current Fidelity Flex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Flex Servative lagged returns against current returns
Autocorrelation, which is Fidelity Flex 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 Flex's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Flex returns to help us make a trade decision. For example, suppose you find that Fidelity Flex 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 Flex 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 Flex mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Flex 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 Flex mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Flex Lagged Returns
When evaluating Fidelity Flex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Flex mutual fund have on its future price. Fidelity Flex 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 Flex autocorrelation shows the relationship between Fidelity Flex mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Flex Servative.
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 Flex 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 Flex security.
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