Fidelity Freedom Index Fund Market Value
| FPIFX Fund | USD 15.53 0.07 0.45% |
| 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.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Fidelity Freedom on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Freedom Index or generate 0.0% return on investment in Fidelity Freedom over 720 days. Fidelity Freedom is related to or competes with Fidelity Freedom, Fidelity Freedom, Fidelity Freedom, Fidelity Freedom, and Fidelity Freedom. The investment seeks high total return until its target retirement date thereafter the funds objective will be to seek h... 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 Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4574 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.99 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.6361 |
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 | 0.0147 | |||
| Jensen Alpha | 0.002 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.2193 |
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 Index Backtested Returns
We consider Fidelity Freedom very steady. Fidelity Freedom Index secures Sharpe Ratio (or Efficiency) of 0.0322, which denotes the fund had a 0.0322% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Freedom Index, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Freedom's Coefficient Of Variation of 3104.52, mean deviation of 0.3064, and Downside Deviation of 0.4574 to check if the risk estimate we provide is consistent with the expected return of 0.0131%. The fund shows a Beta (market volatility) of 0.0143, which means not very significant fluctuations relative to the market. 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 | 0.54 |
Modest predictability
Fidelity Freedom Index has modest predictability. Overlapping area represents the amount of predictability between Fidelity Freedom time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 Freedom Index price movement. The serial correlation of 0.54 indicates that about 54.0% of current Fidelity Freedom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Fidelity Freedom Index 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 Index.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Fidelity Freedom Correlation, Fidelity Freedom Volatility and Fidelity Freedom Alpha and Beta module to complement your research on Fidelity Freedom. Note that the Fidelity Freedom Index information on this page should be used as a complementary analysis to other Fidelity Freedom'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Fidelity Freedom 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.