Fidelity Nordic Fund Market Value
| FNORX Fund | USD 62.34 0.24 0.39% |
| Symbol | Fidelity |
Fidelity Nordic '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 Nordic'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 Nordic.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Fidelity Nordic on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity Nordic Fund or generate 0.0% return on investment in Fidelity Nordic over 30 days. Fidelity Nordic is related to or competes with Fidelity Investment, Fidelity Europe, Fidelity Emerging, and Fidelity Pacific. The fund normally invests at least 80 percent of assets in securities of Danish, Finnish, Norwegian, and Swedish issuers... More
Fidelity Nordic 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 Nordic'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 Nordic Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0727 | |||
| Maximum Drawdown | 4.19 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.74 |
Fidelity Nordic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Nordic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Nordic's standard deviation. In reality, there are many statistical measures that can use Fidelity Nordic historical prices to predict the future Fidelity Nordic's volatility.| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.0624 | |||
| Total Risk Alpha | 0.085 | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | 0.1228 |
Fidelity Nordic Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Nordic secures Sharpe Ratio (or Efficiency) of 0.0148, which denotes the fund had a 0.0148 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Nordic Fund, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Nordic's Downside Deviation of 1.24, coefficient of variation of 1660.43, and Mean Deviation of 0.8128 to check if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund shows a Beta (market volatility) of 0.43, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Nordic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Nordic is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Fidelity Nordic Fund has poor predictability. Overlapping area represents the amount of predictability between Fidelity Nordic time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 2025. 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 Nordic price movement. The serial correlation of 0.25 indicates that over 25.0% of current Fidelity Nordic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Fidelity Nordic lagged returns against current returns
Autocorrelation, which is Fidelity Nordic 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 Nordic's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Nordic returns to help us make a trade decision. For example, suppose you find that Fidelity Nordic 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 Nordic 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 Nordic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Nordic 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 Nordic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Nordic Lagged Returns
When evaluating Fidelity Nordic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Nordic mutual fund have on its future price. Fidelity Nordic 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 Nordic autocorrelation shows the relationship between Fidelity Nordic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Nordic Fund.
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 Nordic 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 Nordic security.
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