Fidelity Low Priced Stock Fund Market Value
Fidelity Low-priced's market value is the price at which a share of Fidelity Low-priced trades on a public exchange. It measures the collective expectations of Fidelity Low Priced Stock investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Fidelity Low Priced Stock and determine expected loss or profit from investing in Fidelity Low-priced over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in state.
| Symbol | Fidelity |
Fidelity Low-priced '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 Low-priced'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 Low-priced.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in Fidelity Low-priced on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Low Priced Stock or generate 0.0% return on investment in Fidelity Low-priced over 660 days. Fidelity Low-priced is related to or competes with T Rowe, Alpine High, Western Asset, Lord Abbett, Tax-exempt High, Oppenheimer Roc, and Fidelity Capital. It normally invests at least 80 percent of its assets in low-priced stocks , which can lead to investments in small and ... More
Fidelity Low-priced 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 Low-priced'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 Low Priced Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7903 | |||
| Information Ratio | 0.001 | |||
| Maximum Drawdown | 2.77 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.08 |
Fidelity Low-priced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Low-priced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Low-priced's standard deviation. In reality, there are many statistical measures that can use Fidelity Low-priced historical prices to predict the future Fidelity Low-priced's volatility.| Risk Adjusted Performance | 0.0909 | |||
| Jensen Alpha | 0.0797 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | 1.16 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Low-priced'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 Low Priced Backtested Returns
We consider Fidelity Low-priced very steady. Fidelity Low Priced secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Low Priced Stock, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Low-priced's Coefficient Of Variation of 690.76, downside deviation of 0.7903, and Mean Deviation of 0.5116 to check if the risk estimate we provide is consistent with the expected return of 0.096%. The fund shows a Beta (market volatility) of 0.0741, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Low-priced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Low-priced is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Fidelity Low Priced Stock has modest predictability. Overlapping area represents the amount of predictability between Fidelity Low-priced time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 to 24th 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 Low Priced price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Fidelity Low-priced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Fidelity Low Priced lagged returns against current returns
Autocorrelation, which is Fidelity Low-priced 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 Low-priced's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Low-priced returns to help us make a trade decision. For example, suppose you find that Fidelity Low-priced 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 Low-priced 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 Low-priced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Low-priced 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 Low-priced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Low-priced Lagged Returns
When evaluating Fidelity Low-priced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Low-priced mutual fund have on its future price. Fidelity Low-priced 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 Low-priced autocorrelation shows the relationship between Fidelity Low-priced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Low Priced Stock.
Regressed Prices |
| Timeline |
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Fidelity Low-priced 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.