Fidelity Global Modity Fund Market Value
| FFGCX Fund | USD 18.84 0.05 0.27% |
| Symbol | Fidelity |
Fidelity Global '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 Global'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 Global.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Fidelity Global on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Global Modity or generate 0.0% return on investment in Fidelity Global over 360 days. Fidelity Global is related to or competes with Fidelity Freedom, Fidelity Puritan, Fidelity Pennsylvania, Fidelity Freedom, Fidelity Freedom, Fidelity Salem, and Fidelity Flex. The fund invests in securities issued throughout the world More
Fidelity Global 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 Global'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 Global Modity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9899 | |||
| Information Ratio | 0.1024 | |||
| Maximum Drawdown | 4.42 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.46 |
Fidelity Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Global's standard deviation. In reality, there are many statistical measures that can use Fidelity Global historical prices to predict the future Fidelity Global's volatility.| Risk Adjusted Performance | 0.1123 | |||
| Jensen Alpha | 0.0935 | |||
| Total Risk Alpha | 0.0657 | |||
| Sortino Ratio | 0.096 | |||
| Treynor Ratio | 0.1498 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Global'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 Global Modity Backtested Returns
Fidelity Global appears to be very steady, given 3 months investment horizon. Fidelity Global Modity secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the fund had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Global Modity, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Global's Mean Deviation of 0.712, coefficient of variation of 567.07, and Downside Deviation of 0.9899 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.03, which means a somewhat significant risk relative to the market. Fidelity Global returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Global is expected to follow.
Auto-correlation | 0.00 |
No correlation between past and present
Fidelity Global Modity has no correlation between past and present. Overlapping area represents the amount of predictability between Fidelity Global time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th 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 Global Modity price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fidelity Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Fidelity Global Modity lagged returns against current returns
Autocorrelation, which is Fidelity Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Global returns to help us make a trade decision. For example, suppose you find that Fidelity Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Global Lagged Returns
When evaluating Fidelity Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Global mutual fund have on its future price. Fidelity Global 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 Global autocorrelation shows the relationship between Fidelity Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Global Modity.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fidelity Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fidelity Global's short interest history, or implied volatility extrapolated from Fidelity Global options trading.
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Try AI Portfolio ArchitectCheck out Fidelity Global Correlation, Fidelity Global Volatility and Fidelity Global Alpha and Beta module to complement your research on Fidelity Global. Note that the Fidelity Global Modity information on this page should be used as a complementary analysis to other Fidelity Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Fidelity Global 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.