Fidelity Advisor Sustainable Fund Market Value
| FYMAX Fund | USD 10.60 0.03 0.28% |
| Symbol | Fidelity |
Fidelity Advisorâ® '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 Advisorâ®'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 Advisorâ®.
| 11/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Fidelity Advisorâ® on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Advisor Sustainable or generate 0.0% return on investment in Fidelity Advisorâ® over 60 days. Fidelity Advisorâ® is related to or competes with Rational/pier, Calamos Dynamic, Gabelli Convertible, and Virtus Convertible. The fund invests at least 80 percent of assets in Fidelity Funds that invest in securities of issuers that the Adviser b... More
Fidelity Advisorâ® 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 Advisorâ®'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 Advisor Sustainable upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7222 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.8679 |
Fidelity Advisorâ® Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Advisorâ®'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Advisorâ®'s standard deviation. In reality, there are many statistical measures that can use Fidelity Advisorâ® historical prices to predict the future Fidelity Advisorâ®'s volatility.| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.02) |
Fidelity Advisor Sus Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Advisor Sus secures Sharpe Ratio (or Efficiency) of 0.0318, which denotes the fund had a 0.0318 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Advisor Sustainable, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Advisorâ®'s Mean Deviation of 0.4343, coefficient of variation of 12901.22, and Downside Deviation of 0.7222 to check if the risk estimate we provide is consistent with the expected return of 0.0195%. The fund shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Advisorâ®'s returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Advisorâ® is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Fidelity Advisor Sustainable has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Advisorâ® time series from 25th of November 2024 to 25th of December 2024 and 25th of December 2024 to 24th of January 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 Advisor Sus price movement. The serial correlation of -0.74 indicates that around 74.0% of current Fidelity Advisorâ® price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fidelity Advisor Sus lagged returns against current returns
Autocorrelation, which is Fidelity Advisorâ® 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 Advisorâ®'s mutual fund expected returns. We can calculate the autocorrelation of Fidelity Advisorâ® returns to help us make a trade decision. For example, suppose you find that Fidelity Advisorâ® 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 Advisorâ® 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 Advisorâ® mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Advisorâ® 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 Advisorâ® mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Advisorâ® Lagged Returns
When evaluating Fidelity Advisorâ®'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Advisorâ® mutual fund have on its future price. Fidelity Advisorâ® 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 Advisorâ® autocorrelation shows the relationship between Fidelity Advisorâ® mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Advisor Sustainable.
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 Advisorâ® 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 Advisorâ® security.
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