Fidelity Blue Chip Fund Market Value

FBCVX Fund  USD 26.54  0.37  1.41%   
Fidelity Blue's market value is the price at which a share of Fidelity Blue trades on a public exchange. It measures the collective expectations of Fidelity Blue Chip investors about its performance. Fidelity Blue is trading at 26.54 as of the 28th of March 2024; that is 1.41 percent increase since the beginning of the trading day. The fund's open price was 26.17.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Blue Chip and determine expected loss or profit from investing in Fidelity Blue over a given investment horizon. Check out Fidelity Blue Correlation, Fidelity Blue Volatility and Fidelity Blue Alpha and Beta module to complement your research on Fidelity Blue.
Symbol

Please note, there is a significant difference between Fidelity Blue's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Blue is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Blue'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 Blue '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 Blue'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 Blue.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Fidelity Blue on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Blue Chip or generate 0.0% return on investment in Fidelity Blue over 30 days. Fidelity Blue is related to or competes with Fidelity New, Fidelity New, Fidelity Advisor, Fidelity New, Fidelity Advisor, Fidelity Sustainable, and Fidelity Freedom. The fund invests primarily in common stock More

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

Fidelity Blue Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Blue's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Blue's standard deviation. In reality, there are many statistical measures that can use Fidelity Blue historical prices to predict the future Fidelity Blue'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 Blue'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
25.9726.5227.07
Details
Intrinsic
Valuation
LowRealHigh
25.7126.2626.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Blue. Your research has to be compared to or analyzed against Fidelity Blue's peers to derive any actionable benefits. When done correctly, Fidelity Blue'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 Blue Chip.

Fidelity Blue Chip Backtested Returns

We consider Fidelity Blue very steady. Fidelity Blue Chip secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Blue Chip, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Blue's Coefficient Of Variation of 459.15, downside deviation of 0.5676, and Mean Deviation of 0.4312 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.76, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Blue's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Blue is expected to be smaller as well.

Auto-correlation

    
  0.84  

Very good predictability

Fidelity Blue Chip has very good predictability. Overlapping area represents the amount of predictability between Fidelity Blue time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th 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 Blue Chip price movement. The serial correlation of 0.84 indicates that around 84.0% of current Fidelity Blue price fluctuation can be explain by its past prices.
Correlation Coefficient0.84
Spearman Rank Test0.81
Residual Average0.0
Price Variance0.08

Fidelity Blue Chip lagged returns against current returns

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

Fidelity Blue Lagged Returns

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

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Check out Fidelity Blue Correlation, Fidelity Blue Volatility and Fidelity Blue Alpha and Beta module to complement your research on Fidelity Blue.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Fidelity Blue's price analysis, check to measure Fidelity Blue's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Blue is operating at the current time. Most of Fidelity Blue's value examination focuses on studying past and present price action to predict the probability of Fidelity Blue's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fidelity Blue's price. Additionally, you may evaluate how the addition of Fidelity Blue to your portfolios can decrease your overall portfolio volatility.
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Fidelity Blue 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 Blue technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity Blue 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...