Fidelity Extended Market Fund Market Value

FSMAX Fund  USD 83.51  0.25  0.30%   
Fidelity Extended's market value is the price at which a share of Fidelity Extended trades on a public exchange. It measures the collective expectations of Fidelity Extended Market investors about its performance. Fidelity Extended is trading at 83.51 as of the 29th of March 2024; that is 0.30% increase since the beginning of the trading day. The fund's open price was 83.26.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Extended Market and determine expected loss or profit from investing in Fidelity Extended over a given investment horizon. Check out Fidelity Extended Correlation, Fidelity Extended Volatility and Fidelity Extended Alpha and Beta module to complement your research on Fidelity Extended.
Symbol

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

Fidelity Extended '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 Extended'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 Extended.
0.00
04/04/2023
No Change 0.00  0.0 
In 11 months and 26 days
03/29/2024
0.00
If you would invest  0.00  in Fidelity Extended on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Extended Market or generate 0.0% return on investment in Fidelity Extended over 360 days. Fidelity Extended is related to or competes with Vanguard Mid, Vanguard Mid-cap, Vanguard Mid-cap, Vanguard Extended, Vanguard Extended, Vanguard Extended, and Vanguard Extended. The fund normally invests at least 80 percent of assets in common stocks included in the Dow Jones U.S More

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

Fidelity Extended Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Extended's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Extended's standard deviation. In reality, there are many statistical measures that can use Fidelity Extended historical prices to predict the future Fidelity Extended's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Extended'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.
Hype
Prediction
LowEstimatedHigh
82.4583.5084.55
Details
Intrinsic
Valuation
LowRealHigh
75.3676.4191.86
Details
Naive
Forecast
LowNextHigh
83.3284.3885.43
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
79.4481.3583.26
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Extended. Your research has to be compared to or analyzed against Fidelity Extended's peers to derive any actionable benefits. When done correctly, Fidelity Extended's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fidelity Extended Market.

Fidelity Extended Market Backtested Returns

We consider Fidelity Extended very steady. Fidelity Extended Market secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Extended Market, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Extended's Mean Deviation of 0.8125, coefficient of variation of 975.84, and Downside Deviation of 1.14 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 1.64, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Extended will likely underperform.

Auto-correlation

    
  0.75  

Good predictability

Fidelity Extended Market has good predictability. Overlapping area represents the amount of predictability between Fidelity Extended time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th of March 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 Extended Market price movement. The serial correlation of 0.75 indicates that around 75.0% of current Fidelity Extended price fluctuation can be explain by its past prices.
Correlation Coefficient0.75
Spearman Rank Test0.64
Residual Average0.0
Price Variance36.0

Fidelity Extended Market lagged returns against current returns

Autocorrelation, which is Fidelity Extended 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 Extended's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Extended returns to help us make a trade decision. For example, suppose you find that Fidelity Extended 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 Extended 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 Extended mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Extended 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 Extended mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Fidelity Extended Lagged Returns

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

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Check out Fidelity Extended Correlation, Fidelity Extended Volatility and Fidelity Extended Alpha and Beta module to complement your research on Fidelity Extended.
Note that the Fidelity Extended Market information on this page should be used as a complementary analysis to other Fidelity Extended'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Fidelity Extended 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.
A focus of Fidelity Extended technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity Extended trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...