Fidelity Natural Resources Fund Market Value

FNARX Fund  USD 44.78  0.73  1.60%   
Fidelity Natural's market value is the price at which a share of Fidelity Natural trades on a public exchange. It measures the collective expectations of Fidelity Natural Resources investors about its performance. Fidelity Natural is trading at 44.78 as of the 10th of December 2024; that is 1.6 percent decrease since the beginning of the trading day. The fund's open price was 45.51.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Natural Resources and determine expected loss or profit from investing in Fidelity Natural over a given investment horizon. Check out Fidelity Natural Correlation, Fidelity Natural Volatility and Fidelity Natural Alpha and Beta module to complement your research on Fidelity Natural.
Symbol

Please note, there is a significant difference between Fidelity Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Natural'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 Natural '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 Natural'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 Natural.
0.00
11/10/2024
No Change 0.00  0.0 
In 30 days
12/10/2024
0.00
If you would invest  0.00  in Fidelity Natural on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Natural Resources or generate 0.0% return on investment in Fidelity Natural over 30 days. Fidelity Natural is related to or competes with Fidelity Select, Materials Portfolio, Utilities Portfolio, Industrials Portfolio, and Chemicals Portfolio. The fund normally invests at least 80 percent of assets in securities of companies principally engaged in owning or deve... More

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

Fidelity Natural Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Natural's standard deviation. In reality, there are many statistical measures that can use Fidelity Natural historical prices to predict the future Fidelity Natural's volatility.
Hype
Prediction
LowEstimatedHigh
43.7744.7845.79
Details
Intrinsic
Valuation
LowRealHigh
44.0245.0346.04
Details
Naive
Forecast
LowNextHigh
42.7043.7044.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
44.6245.5746.51
Details

Fidelity Natural Res Backtested Returns

At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Natural Res secures Sharpe Ratio (or Efficiency) of 0.0704, which denotes the fund had a 0.0704% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Natural Resources, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Natural's Downside Deviation of 1.18, mean deviation of 0.8334, and Coefficient Of Variation of 3545.87 to check if the risk estimate we provide is consistent with the expected return of 0.0713%. The fund shows a Beta (market volatility) of 0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Natural is expected to be smaller as well.

Auto-correlation

    
  -0.77  

Almost perfect reverse predictability

Fidelity Natural Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Natural time series from 10th of November 2024 to 25th of November 2024 and 25th of November 2024 to 10th 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 Natural Res price movement. The serial correlation of -0.77 indicates that around 77.0% of current Fidelity Natural price fluctuation can be explain by its past prices.
Correlation Coefficient-0.77
Spearman Rank Test-0.38
Residual Average0.0
Price Variance0.22

Fidelity Natural Res lagged returns against current returns

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

Fidelity Natural Lagged Returns

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

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Other Information on Investing in Fidelity Mutual Fund

Fidelity Natural 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 Natural security.
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