The fund shows Beta (market volatility) of 0.32 which denotes to the fact that as returns on market increase, Fidelity returns are expected to increase less than the market. However during bear market, the loss on holding Fidelity will be expected to be smaller as well.. Although it is extremely important to respect Fidelity Asset Manager
historical returns, it is beter to be realistic about what you can do with the information about equity current trading patterns. The philosophy towards predicting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By reviewing Fidelity Asset Manager technical indicators
you can presently evaluate if the expected return of 0.03% will be sustainable into the future.
Relative Risk vs. Return Landscape
If you would invest 1,812
in Fidelity Asset Manager 50 on November 12, 2013
and sell it today you would earn a total of 2.00
from holding Fidelity Asset Manager 50 or generate 0.11%
return on investment over 30
days. Fidelity Asset Manager 50 is currently producing 0.03% returns and takes up 0.27% volatility of returns over 30 trading days. Put another way, 2% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, Fidelity Asset Manager 50 is expected to generate 1.33 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.93 times less risky than the market. It trades about 0.11 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.08 of returns per unit of risk over similar time horizon.
Manager Realized Returns
The manager currently is portfolio manager of the Fidelity Asset Manager Funds and lead comanager of Fidelity Stock Selector Fidelity Global Balanced Fidelity Advisor Dynamic Capital Appreciation Fund and Fidelity Series Broad Market Opportunities Fund. Geoff joined Fidelity in 1994. He most recently served as a senior vice president of Strategic Advisers Inc. . In this role he served as chief investment officer for the Fidelity Charitable Gift Fund .. . The fund allocates the assets among three main asset classes: stock class, bond class and the shortterm/money market class
Fidelity Price to Book
Based on latest financial disclosure the price to book indicator of Fidelity Asset Manager 50 is roughly 2.04 times. This is 20.71% higher than that of Fidelity Investments family, and 2.74% lower than that of Moderate Allocation
category, The Price to Book for all funds is 117.02% lower than the firm.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Fidelity Year to Date Return
Fidelity Asset Manager 50 has Year to Date Return of 9.22%. This is 28.91% lower than that of Fidelity Investments family, and 26.13% lower than that of Moderate Allocation
category, The Year to Date Return for all funds is 74.62% lower than the firm.
Year-To-Date typically refers to a period starting from the beginning of the current year, and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.