Fidelity Advisor Semiconductors Fund Market Value

FELTX Fund  USD 72.57  0.21  0.29%   
Fidelity Advisor's market value is the price at which a share of Fidelity Advisor trades on a public exchange. It measures the collective expectations of Fidelity Advisor Semiconductors investors about its performance. Fidelity Advisor is trading at 72.57 as of the 28th of March 2024; that is 0.29 percent up since the beginning of the trading day. The fund's open price was 72.36.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Advisor Semiconductors and determine expected loss or profit from investing in Fidelity Advisor over a given investment horizon. Check out Fidelity Advisor Correlation, Fidelity Advisor Volatility and Fidelity Advisor Alpha and Beta module to complement your research on Fidelity Advisor.
Symbol

Please note, there is a significant difference between Fidelity Advisor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Advisor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Advisor'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 Advisor '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 Advisor'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 Advisor.
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 Advisor on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Advisor Semiconductors or generate 0.0% return on investment in Fidelity Advisor over 30 days. Fidelity Advisor is related to or competes with Mind Technology, VHAI, Voxeljet, VivoPower International, Exela Technologies, Fidelity New, and Fidelity New. The fund normally invests primarily in common stocks More

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

Fidelity Advisor Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Advisor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Advisor's standard deviation. In reality, there are many statistical measures that can use Fidelity Advisor historical prices to predict the future Fidelity Advisor'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 Advisor'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
70.1572.1474.13
Details
Intrinsic
Valuation
LowRealHigh
72.2874.2776.26
Details
Naive
Forecast
LowNextHigh
69.7071.6973.68
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
72.0272.7073.37
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Advisor. Your research has to be compared to or analyzed against Fidelity Advisor's peers to derive any actionable benefits. When done correctly, Fidelity Advisor'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 Advisor Sem.

Fidelity Advisor Sem Backtested Returns

Fidelity Advisor appears to be very steady, given 3 months investment horizon. Fidelity Advisor Sem secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Advisor Semiconductors, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Advisor's Mean Deviation of 1.5, downside deviation of 1.58, and Coefficient Of Variation of 485.06 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.73, 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 Advisor will likely underperform.

Auto-correlation

    
  0.56  

Modest predictability

Fidelity Advisor Semiconductors has modest predictability. Overlapping area represents the amount of predictability between Fidelity Advisor 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 Advisor Sem price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Fidelity Advisor price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.48
Residual Average0.0
Price Variance1.88

Fidelity Advisor Sem lagged returns against current returns

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

Fidelity Advisor Lagged Returns

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

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Check out Fidelity Advisor Correlation, Fidelity Advisor Volatility and Fidelity Advisor Alpha and Beta module to complement your research on Fidelity Advisor.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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When running Fidelity Advisor's price analysis, check to measure Fidelity Advisor'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 Advisor is operating at the current time. Most of Fidelity Advisor's value examination focuses on studying past and present price action to predict the probability of Fidelity Advisor'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 Advisor's price. Additionally, you may evaluate how the addition of Fidelity Advisor to your portfolios can decrease your overall portfolio volatility.
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Fidelity Advisor 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 Advisor technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity Advisor 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...