Telecommunications Portfolio Fidelity Fund Market Value

FTUTX Fund  USD 56.34  0.54  0.95%   
Telecommunications' market value is the price at which a share of Telecommunications trades on a public exchange. It measures the collective expectations of Telecommunications Portfolio Fidelity investors about its performance. Telecommunications is trading at 56.34 as of the 5th of December 2024; that is 0.95 percent decrease since the beginning of the trading day. The fund's open price was 56.88.
With this module, you can estimate the performance of a buy and hold strategy of Telecommunications Portfolio Fidelity and determine expected loss or profit from investing in Telecommunications over a given investment horizon. Check out Telecommunications Correlation, Telecommunications Volatility and Telecommunications Alpha and Beta module to complement your research on Telecommunications.
Symbol

Please note, there is a significant difference between Telecommunications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Telecommunications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Telecommunications' 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.

Telecommunications '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 Telecommunications' 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 Telecommunications.
0.00
11/05/2024
No Change 0.00  0.0 
In 30 days
12/05/2024
0.00
If you would invest  0.00  in Telecommunications on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Telecommunications Portfolio Fidelity or generate 0.0% return on investment in Telecommunications over 30 days. Telecommunications is related to or competes with Amg Managers, Simt Real, Great-west Real, Fidelity Real, and Prudential Real. The fund invests primarily in common stocks More

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

Telecommunications Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Telecommunications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telecommunications' standard deviation. In reality, there are many statistical measures that can use Telecommunications historical prices to predict the future Telecommunications' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Telecommunications' 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.
Hype
Prediction
LowEstimatedHigh
56.0056.8857.76
Details
Intrinsic
Valuation
LowRealHigh
51.1961.1762.05
Details
Naive
Forecast
LowNextHigh
56.5157.4058.28
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
55.2756.1857.09
Details

Telecommunications Backtested Returns

At this stage we consider Telecommunications Mutual Fund to be very steady. Telecommunications owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Telecommunications Portfolio Fidelity, which you can use to evaluate the volatility of the fund. Please validate Telecommunications' Risk Adjusted Performance of 0.1513, coefficient of variation of 493.75, and Semi Deviation of 0.7468 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Telecommunications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Telecommunications is expected to be smaller as well.

Auto-correlation

    
  -0.2  

Insignificant reverse predictability

Telecommunications Portfolio Fidelity has insignificant reverse predictability. Overlapping area represents the amount of predictability between Telecommunications time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Telecommunications price movement. The serial correlation of -0.2 indicates that over 20.0% of current Telecommunications price fluctuation can be explain by its past prices.
Correlation Coefficient-0.2
Spearman Rank Test-0.49
Residual Average0.0
Price Variance0.32

Telecommunications lagged returns against current returns

Autocorrelation, which is Telecommunications 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 Telecommunications' mutual fund expected returns. We can calculate the autocorrelation of Telecommunications returns to help us make a trade decision. For example, suppose you find that Telecommunications 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  

Telecommunications 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 Telecommunications mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telecommunications mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telecommunications mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Telecommunications Lagged Returns

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

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Other Information on Investing in Telecommunications Mutual Fund

Telecommunications financial ratios help investors to determine whether Telecommunications 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 Telecommunications with respect to the benefits of owning Telecommunications security.
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Fundamental Analysis
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