Fidelity Advisor Backtesting

FPQIX -- USA Fund  

USD 40.89  0.22  0.54%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Fidelity Advisor 529 Small Cap 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 20, 2019
No Change 0.00  0.0 
In 2 months and 31 days
November 18, 2019
If you would invest  0.00  in Fidelity Advisor on August 20, 2019 and sell it all today you would earn a total of 0.00 from holding Fidelity Advisor 529 Small Cap or generate 0.0% return on investment in Fidelity Advisor over 90 days. Fidelity Advisor is related to or competes with Vanguard Bond, Growth Fund, EuroPacific Growth, American Balanced, American Balanced, American Balanced, and American Balanced.

Fidelity Advisor Upside/Downside Indicators

Downside Deviation1.51
Information Ratio(0.09)
Maximum Drawdown5.17
Value At Risk(1.29)
Potential Upside1.59

Fidelity Advisor Market Premium Indicators

Risk Adjusted Performance0.0505
Jensen Alpha0.035
Total Risk Alpha(0.11)
Sortino Ratio(0.05)
Treynor Ratio0.4169

Fidelity Advisor 529 Backtested Returns

We consider Fidelity Advisor very steady. Fidelity Advisor 529 secures Sharpe Ratio (or Efficiency) of 0.1223 which denotes the fund had 0.1223% 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 529 Small Cap which you can use to evaluate future volatility of the entity. Please confirm Fidelity Advisor 529 Downside Deviation of 1.51, Mean Deviation of 0.5348 and Coefficient Of Variation of 1516.04 to check if risk estimate we provide are consistent with the epected return of 0.1025%. The organization shows Beta (market volatility) of 0.122 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 529 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 529 technical indicators you can presently evaluate if the expected return of 0.1025% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.39 
correlation synergy

Below average predictability

Fidelity Advisor 529 Small Cap has below average predictability. Overlapping area represents the amount of predictability between Fidelity Advisor time series from August 20, 2019 to October 4, 2019 and October 4, 2019 to November 18, 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 529 price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Fidelity Advisor price fluctuation can be explain by its past prices.
Correlation Coefficient0.39
Spearman Rank Test0.25
Residual Average0.0
Price Variance0.88

Fidelity Advisor 529 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 

Current Sentiment - FPQIX

Fidelity Advisor 529 Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Fidelity Advisor 529 Small Cap. What is your opinion about investing in Fidelity Advisor 529 Small Cap? Are you bullish or bearish?
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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.