Fidelity Disciplined Equity Fund Market Value
| FDEQX Fund | USD 63.83 0.59 0.92% |
| Symbol | Fidelity |
Fidelity Disciplined '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 Disciplined'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 Disciplined.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Fidelity Disciplined on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Disciplined Equity or generate 0.0% return on investment in Fidelity Disciplined over 720 days. Fidelity Disciplined is related to or competes with American Funds. The fund invests at least 80 percent of assets in equity securities More
Fidelity Disciplined 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 Disciplined'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 Disciplined Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8496 | |||
| Information Ratio | 0.074 | |||
| Maximum Drawdown | 4.63 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.73 |
Fidelity Disciplined Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Disciplined's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Disciplined's standard deviation. In reality, there are many statistical measures that can use Fidelity Disciplined historical prices to predict the future Fidelity Disciplined's volatility.| Risk Adjusted Performance | 0.0871 | |||
| Jensen Alpha | 0.0653 | |||
| Total Risk Alpha | 0.0472 | |||
| Sortino Ratio | 0.0821 | |||
| Treynor Ratio | 0.1051 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Disciplined'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 Disciplined Backtested Returns
We consider Fidelity Disciplined very steady. Fidelity Disciplined secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Disciplined Equity, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Disciplined's Downside Deviation of 0.8496, mean deviation of 0.7236, and Coefficient Of Variation of 752.89 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 1.1, which means a somewhat significant risk relative to the market. Fidelity Disciplined returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Disciplined is expected to follow.
Auto-correlation | 0.21 |
Weak predictability
Fidelity Disciplined Equity has weak predictability. Overlapping area represents the amount of predictability between Fidelity Disciplined time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 Disciplined price movement. The serial correlation of 0.21 indicates that over 21.0% of current Fidelity Disciplined price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 29.71 |
Fidelity Disciplined lagged returns against current returns
Autocorrelation, which is Fidelity Disciplined 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 Disciplined's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Disciplined returns to help us make a trade decision. For example, suppose you find that Fidelity Disciplined 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 Disciplined 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 Disciplined mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Disciplined 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 Disciplined mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Disciplined Lagged Returns
When evaluating Fidelity Disciplined's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Disciplined mutual fund have on its future price. Fidelity Disciplined 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 Disciplined autocorrelation shows the relationship between Fidelity Disciplined mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Disciplined Equity.
Regressed Prices |
| Timeline |
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Fidelity Disciplined technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.