Fidelity Freedom 2040 Fund Market Value
| FSNVX Fund | USD 12.13 0.06 0.49% |
| Symbol | Fidelity |
Fidelity Freedom '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 Freedom'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 Freedom.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Fidelity Freedom on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Freedom 2040 or generate 0.0% return on investment in Fidelity Freedom over 60 days. Fidelity Freedom is related to or competes with Fidelity Freedom, Fidelity Puritan, Fidelity Puritan, Fidelity Pennsylvania, Fidelity Freedom, Fidelity Freedom, and Fidelity Salem. The fund invests in a combination of Fidelity U.S More
Fidelity Freedom 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 Freedom'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 Freedom 2040 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5498 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 1.07 |
Fidelity Freedom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Freedom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Freedom's standard deviation. In reality, there are many statistical measures that can use Fidelity Freedom historical prices to predict the future Fidelity Freedom's volatility.| Risk Adjusted Performance | 0.0397 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0432 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Freedom'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 Freedom 2040 Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Freedom 2040 secures Sharpe Ratio (or Efficiency) of 0.0271, which denotes the fund had a 0.0271% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Freedom 2040, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Freedom's Coefficient Of Variation of 1706.44, mean deviation of 0.4461, and Downside Deviation of 0.5498 to check if the risk estimate we provide is consistent with the expected return of 0.0146%. The fund shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Freedom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Freedom is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
Fidelity Freedom 2040 has weak predictability. Overlapping area represents the amount of predictability between Fidelity Freedom time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 to 18th 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 Freedom 2040 price movement. The serial correlation of 0.2 indicates that over 20.0% of current Fidelity Freedom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fidelity Freedom 2040 lagged returns against current returns
Autocorrelation, which is Fidelity Freedom 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 Freedom's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Freedom returns to help us make a trade decision. For example, suppose you find that Fidelity Freedom 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 Freedom 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 Freedom mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Freedom 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 Freedom mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Freedom Lagged Returns
When evaluating Fidelity Freedom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Freedom mutual fund have on its future price. Fidelity Freedom 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 Freedom autocorrelation shows the relationship between Fidelity Freedom mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Freedom 2040.
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 Freedom 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 Freedom security.
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