Strategic Advisers Fidelity Fund Market Value
| FCTDX Fund | USD 15.83 0.02 0.13% |
| Symbol | Strategic |
Strategic Advisers '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 Strategic Advisers' 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 Strategic Advisers.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Strategic Advisers on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Strategic Advisers Fidelity or generate 0.0% return on investment in Strategic Advisers over 720 days. Strategic Advisers is related to or competes with Mfs Technology, Janus Global, Icon Information, Red Oak, Wisdomtree Digital, Fidelity Advisor, and Invesco Technology. The fund invests at least 80 percent of its assets in U.S More
Strategic Advisers 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 Strategic Advisers' 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 Strategic Advisers Fidelity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7643 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.24 |
Strategic Advisers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strategic Advisers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strategic Advisers' standard deviation. In reality, there are many statistical measures that can use Strategic Advisers historical prices to predict the future Strategic Advisers' volatility.| Risk Adjusted Performance | 0.0657 | |||
| Jensen Alpha | 0.0638 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.8688 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Strategic Advisers' 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.
Strategic Advisers Backtested Returns
We consider Strategic Advisers very steady. Strategic Advisers owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Strategic Advisers Fidelity, which you can use to evaluate the volatility of the fund. Please validate Strategic Advisers' Semi Deviation of 0.6428, coefficient of variation of 980.89, and Risk Adjusted Performance of 0.0657 to confirm if the risk estimate we provide is consistent with the expected return of 0.0801%. The entity has a beta of 0.0807, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Strategic Advisers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Strategic Advisers is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Strategic Advisers Fidelity has modest predictability. Overlapping area represents the amount of predictability between Strategic Advisers time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Strategic Advisers price movement. The serial correlation of 0.54 indicates that about 54.0% of current Strategic Advisers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.22 |
Strategic Advisers lagged returns against current returns
Autocorrelation, which is Strategic Advisers 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 Strategic Advisers' mutual fund expected returns. We can calculate the autocorrelation of Strategic Advisers returns to help us make a trade decision. For example, suppose you find that Strategic Advisers 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 |
Strategic Advisers 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 Strategic Advisers mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strategic Advisers mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strategic Advisers mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Strategic Advisers Lagged Returns
When evaluating Strategic Advisers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strategic Advisers mutual fund have on its future price. Strategic Advisers 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, Strategic Advisers autocorrelation shows the relationship between Strategic Advisers mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Strategic Advisers Fidelity.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Strategic Advisers in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Strategic Advisers' short interest history, or implied volatility extrapolated from Strategic Advisers options trading.
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Try AI Portfolio ArchitectCheck out Strategic Advisers Correlation, Strategic Advisers Volatility and Strategic Advisers Alpha and Beta module to complement your research on Strategic Advisers. Note that the Strategic Advisers information on this page should be used as a complementary analysis to other Strategic Advisers' 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Strategic Advisers 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.