Fidelity Advisor Backtesting

FFCMX -- USA Fund  

USD 18.40  0.03  0.16%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Fidelity Advisor Asset Manager and determine expected loss or profit from investing in Fidelity Advisor over given investment horizon. Additionally see Fidelity Advisor Hype Analysis, Fidelity Advisor Correlation, Portfolio Optimization, Fidelity Advisor Volatility as well as analyze Fidelity Advisor Alpha and Beta and Fidelity Advisor Performance.
Horizon     30 Days    Login   to change

Fidelity Advisor 'What if' Analysis

August 17, 2019
No Change 0.00  0.0 
In 2 months and 31 days
November 15, 2019
If you would invest  0.00  in Fidelity Advisor on August 17, 2019 and sell it all today you would earn a total of 0.00 from holding Fidelity Advisor Asset Manager or generate 0.0% return on investment in Fidelity Advisor over 90 days. Fidelity Advisor is related to or competes with Fidelity Advisor, Fidelity Advisor, AllianzGI Income, AllianzGI Income, AllianzGI Income, MFS Diversified, and MFS Diversified. The investment seeks high total return with reduced risk over the long term by allocating its assets among stocks, bonds...

Fidelity Advisor Upside/Downside Indicators

Downside Deviation0.4192
Information Ratio(0.20)
Maximum Drawdown1.61
Value At Risk(0.67)
Potential Upside0.6024

Fidelity Advisor Market Premium Indicators

Risk Adjusted Performance0.1103
Jensen Alpha0.0065
Total Risk Alpha(0.011795)
Sortino Ratio(0.18)
Treynor Ratio0.1423

Fidelity Advisor Asset Backtested Returns

We consider Fidelity Advisor very steady. Fidelity Advisor Asset secures Sharpe Ratio (or Efficiency) of 0.1201 which denotes the fund had 0.1201% of return per unit of risk over the last 3 months. Our philosophy towards predicting volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Fidelity Advisor Asset Manager which you can use to evaluate future volatility of the entity. Please confirm Fidelity Advisor Asset Coefficient Of Variation of 608.05, Mean Deviation of 0.261 and Downside Deviation of 0.4192 to check if risk estimate we provide are consistent with the epected return of 0.0437%. The organization shows Beta (market volatility) of 0.3534 which denotes to the fact that as returns on market increase, Fidelity Advisor returns are expected to increase less than the market. However during bear market, the loss on holding Fidelity Advisor will be expected to be smaller as well. Although it is extremely important to respect Fidelity Advisor Asset historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing Fidelity Advisor Asset technical indicators you can presently evaluate if the expected return of 0.0437% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.66 
correlation synergy

Good predictability

Fidelity Advisor Asset Manager has good predictability. Overlapping area represents the amount of predictability between Fidelity Advisor time series from August 17, 2019 to October 1, 2019 and October 1, 2019 to November 15, 2019. 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 Asset price movement. The serial correlation of 0.66 indicates that around 66.0% of current Fidelity Advisor price fluctuation can be explain by its past prices.
Correlation Coefficient0.66
Spearman Rank Test0.6
Residual Average0.0
Price Variance0.03

Fidelity Advisor Asset lagged returns against current returns

 Current and Lagged Values 

Fidelity Advisor regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Fidelity Advisor Lagged Returns

 Regressed Prices 

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Additionally see Fidelity Advisor Hype Analysis, Fidelity Advisor Correlation, Portfolio Optimization, Fidelity Advisor Volatility as well as analyze Fidelity Advisor Alpha and Beta and Fidelity Advisor Performance. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.