Projected Return Density against MarketAssuming 30 trading days horizon, Fidelity has beta of 0.2 suggesting as returns on market go up, Fidelity avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding Fidelity Asset Manager 30 will be expected to be much smaller as well. Moreover, Fidelity Asset Manager 30 has alpha of 0.2 implying that it can potentially generate 0.2% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of Fidelity is 160.81. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.15. The mean deviation of Fidelity Asset Manager 30 is currently at 0.11. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.54
Actual Return VolatilityFidelity Asset Manager 30 shows 0.15% volatility of returns over 30 trading days. S&P 500 shows 0.54% volatility of returns over 30 trading days.
Follow Fidelity Volatility with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker
S&P 500 has a standard deviation of returns of 0.54 and is 3.6 times more volatile than Fidelity Asset Manager 30. 1% of all equities and portfolios are less risky than Fidelity. Compared with the overall equity markets, volatility of historical daily returns of Fidelity Asset Manager 30 is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use Fidelity Asset Manager 30 to enhance returns of your portfolios. The fund experiences normal upward fluctuation. 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.
Fidelity correlation with market
Fidelity Current Risk Indicators
Suggested Divercification Pairs