Fidelity Stock Selector Fund Market Value
| FDSCX Fund | USD 34.34 0.34 1.00% |
| Symbol | Fidelity |
Fidelity Stock '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 Stock'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 Stock.
| 06/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Fidelity Stock on June 28, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Stock Selector or generate 0.0% return on investment in Fidelity Stock over 300 days. Fidelity Stock is related to or competes with Fidelity Mid, Fidelity International, Fidelity, Fidelity Large, and Fidelity 500. The fund invests primarily in common stocks More
Fidelity Stock 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 Stock'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 Stock Selector upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 5.16 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.76 |
Fidelity Stock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Stock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Stock's standard deviation. In reality, there are many statistical measures that can use Fidelity Stock historical prices to predict the future Fidelity Stock's volatility.| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0043 | |||
| Treynor Ratio | 0.053 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Stock'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.
Fidelity Stock Selector Backtested Returns
We consider Fidelity Stock very steady. Fidelity Stock Selector secures Sharpe Ratio (or Efficiency) of 0.0616, which denotes the fund had a 0.0616% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Stock Selector, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Stock's Downside Deviation of 1.17, coefficient of variation of 1176.16, and Mean Deviation of 0.8317 to check if the risk estimate we provide is consistent with the expected return of 0.0654%. The fund shows a Beta (market volatility) of 1.52, 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 Stock will likely underperform.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Fidelity Stock Selector has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Stock time series from 28th of June 2023 to 25th of November 2023 and 25th of November 2023 to 23rd 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 Fidelity Stock Selector price movement. The serial correlation of -0.71 indicates that around 71.0% of current Fidelity Stock price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 2.86 |
Fidelity Stock Selector lagged returns against current returns
Autocorrelation, which is Fidelity Stock 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 Stock's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Stock returns to help us make a trade decision. For example, suppose you find that Fidelity Stock 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 Stock 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 Stock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Stock 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 Stock mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Stock Lagged Returns
When evaluating Fidelity Stock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Stock mutual fund have on its future price. Fidelity Stock 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 Stock autocorrelation shows the relationship between Fidelity Stock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Stock Selector.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Fidelity Stock Correlation, Fidelity Stock Volatility and Fidelity Stock Alpha and Beta module to complement your research on Fidelity Stock. Note that the Fidelity Stock Selector information on this page should be used as a complementary analysis to other Fidelity Stock'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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Fidelity Stock 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.