Fidelity Real Estate Fund Market Value
| FRIOX Fund | USD 11.08 0.04 0.36% |
| Symbol | Fidelity |
Fidelity Real '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 Real'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 Real.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Fidelity Real on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Real Estate or generate 0.0% return on investment in Fidelity Real over 720 days. Fidelity Real is related to or competes with Realty Income, Dynex Capital, First Industrial, Healthcare Realty, Kennedy Wilson, Belpointe PREP, and Park Hotels. The fund normally invests primarily in preferred and common stocks of REITs debt securities of real estate entities and ... More
Fidelity Real 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 Real'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 Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 2.22 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.4496 |
Fidelity Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Real's standard deviation. In reality, there are many statistical measures that can use Fidelity Real historical prices to predict the future Fidelity Real's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Real'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 Real Estate Backtested Returns
Fidelity Real Estate secures Sharpe Ratio (or Efficiency) of -0.031, which denotes the fund had a -0.031% return per unit of risk over the last 3 months. Fidelity Real Estate exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Real's Mean Deviation of 0.2912, variance of 0.1547, and Standard Deviation of 0.3933 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Real is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
Fidelity Real Estate has insignificant predictability. Overlapping area represents the amount of predictability between Fidelity Real time series from 5th of May 2022 to 30th of April 2023 and 30th of April 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 Real Estate price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Fidelity Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Fidelity Real Estate lagged returns against current returns
Autocorrelation, which is Fidelity Real 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 Real's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Real returns to help us make a trade decision. For example, suppose you find that Fidelity Real 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 Real 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 Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Real 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 Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Real Lagged Returns
When evaluating Fidelity Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Real mutual fund have on its future price. Fidelity Real 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 Real autocorrelation shows the relationship between Fidelity Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Real Estate.
Regressed Prices |
| Timeline |
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Fidelity Real 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.