Fidelity Low Priced Stock Fund Market Value
| FLPSX Fund | USD 44.91 0.07 0.16% |
| Symbol | Fidelity |
Fidelity Low-priced '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 Low-priced'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 Low-priced.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fidelity Low-priced on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Low Priced Stock or generate 0.0% return on investment in Fidelity Low-priced over 30 days. Fidelity Low-priced is related to or competes with Fidelity Contrafund, Fidelity Diversified, Fidelity Growth, Fidelity Mid, and Fidelity Dividend. The fund normally invests primarily in common stocks and invests at least 80 percent of its assets in low-priced stocks ... More
Fidelity Low-priced 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 Low-priced'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 Low Priced Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7421 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.99 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.3 |
Fidelity Low-priced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Low-priced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Low-priced's standard deviation. In reality, there are many statistical measures that can use Fidelity Low-priced historical prices to predict the future Fidelity Low-priced's volatility.| Risk Adjusted Performance | 0.031 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0242 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Low-priced'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 Low Priced Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Low Priced secures Sharpe Ratio (or Efficiency) of 0.0679, which denotes the fund had a 0.0679% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Low Priced Stock, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Low-priced's Mean Deviation of 0.6055, coefficient of variation of 2509.5, and Downside Deviation of 0.7421 to check if the risk estimate we provide is consistent with the expected return of 0.0537%. The fund shows a Beta (market volatility) of 0.92, which means possible diversification benefits within a given portfolio. Fidelity Low-priced returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Low-priced is expected to follow.
Auto-correlation | 0.86 |
Very good predictability
Fidelity Low Priced Stock has very good predictability. Overlapping area represents the amount of predictability between Fidelity Low-priced time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Low Priced price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Fidelity Low-priced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Fidelity Low Priced lagged returns against current returns
Autocorrelation, which is Fidelity Low-priced 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 Low-priced's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Low-priced returns to help us make a trade decision. For example, suppose you find that Fidelity Low-priced 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 Low-priced 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 Low-priced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Low-priced 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 Low-priced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Low-priced Lagged Returns
When evaluating Fidelity Low-priced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Low-priced mutual fund have on its future price. Fidelity Low-priced 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 Low-priced autocorrelation shows the relationship between Fidelity Low-priced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Low Priced Stock.
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 Low-priced 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 Low-priced security.
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