Fidelity Contrafund K6 Fund Market Value

FLCNX Fund  USD 32.40  0.40  1.25%   
Fidelity Contrafund's market value is the price at which a share of Fidelity Contrafund trades on a public exchange. It measures the collective expectations of Fidelity Contrafund K6 investors about its performance. Fidelity Contrafund is trading at 32.40 as of the 12th of December 2024; that is 1.25% up since the beginning of the trading day. The fund's open price was 32.0.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Contrafund K6 and determine expected loss or profit from investing in Fidelity Contrafund over a given investment horizon. Check out Fidelity Contrafund Correlation, Fidelity Contrafund Volatility and Fidelity Contrafund Alpha and Beta module to complement your research on Fidelity Contrafund.
Symbol

Please note, there is a significant difference between Fidelity Contrafund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Contrafund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Contrafund'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 Contrafund '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 Contrafund'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 Contrafund.
0.00
10/13/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/12/2024
0.00
If you would invest  0.00  in Fidelity Contrafund on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Contrafund K6 or generate 0.0% return on investment in Fidelity Contrafund over 60 days. Fidelity Contrafund 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 primarily in common stocks More

Fidelity Contrafund 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 Contrafund'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 Contrafund K6 upside and downside potential and time the market with a certain degree of confidence.

Fidelity Contrafund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Contrafund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Contrafund's standard deviation. In reality, there are many statistical measures that can use Fidelity Contrafund historical prices to predict the future Fidelity Contrafund's volatility.
Hype
Prediction
LowEstimatedHigh
31.5832.4033.22
Details
Intrinsic
Valuation
LowRealHigh
29.1634.7235.54
Details
Naive
Forecast
LowNextHigh
31.7632.5833.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
30.9431.8232.71
Details

Fidelity Contrafund Backtested Returns

At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Contrafund 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-seven technical indicators for Fidelity Contrafund K6, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Contrafund's Mean Deviation of 0.5756, coefficient of variation of 410.78, and Downside Deviation of 0.9577 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 0.74, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Contrafund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Contrafund is expected to be smaller as well.

Auto-correlation

    
  0.15  

Insignificant predictability

Fidelity Contrafund K6 has insignificant predictability. Overlapping area represents the amount of predictability between Fidelity Contrafund time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Contrafund price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Fidelity Contrafund price fluctuation can be explain by its past prices.
Correlation Coefficient0.15
Spearman Rank Test0.17
Residual Average0.0
Price Variance0.25

Fidelity Contrafund lagged returns against current returns

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

Fidelity Contrafund Lagged Returns

When evaluating Fidelity Contrafund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Contrafund mutual fund have on its future price. Fidelity Contrafund 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 Contrafund autocorrelation shows the relationship between Fidelity Contrafund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Contrafund K6.
   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 Contrafund 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 Contrafund security.
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