Fidelity Select Semiconductors Fund Market Value
| FSELX Fund | USD 28.38 0.10 0.35% |
| Symbol | Fidelity |
Fidelity Select '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 Select'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 Select.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Fidelity Select on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Select Semiconductors or generate 0.0% return on investment in Fidelity Select over 720 days. Fidelity Select is related to or competes with Fidelity Advisor, Fidelity Advisor, Fidelity Advisor, and Fidelity Advisor. The fund invests primarily in common stocks More
Fidelity Select 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 Select'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 Select Semiconductors upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0354 | |||
| Maximum Drawdown | 12.41 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.9 |
Fidelity Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Select's standard deviation. In reality, there are many statistical measures that can use Fidelity Select historical prices to predict the future Fidelity Select's volatility.| Risk Adjusted Performance | 0.0553 | |||
| Jensen Alpha | 0.024 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0371 | |||
| Treynor Ratio | 0.0925 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Select'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 Select Semi Backtested Returns
We consider Fidelity Select very steady. Fidelity Select Semi secures Sharpe Ratio (or Efficiency) of 0.0806, which denotes the fund had a 0.0806% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Select Semiconductors, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Select's Mean Deviation of 1.64, coefficient of variation of 1293.44, and Downside Deviation of 2.0 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 1.64, 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 Select will likely underperform.
Auto-correlation | 0.75 |
Good predictability
Fidelity Select Semiconductors has good predictability. Overlapping area represents the amount of predictability between Fidelity Select time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Select Semi price movement. The serial correlation of 0.75 indicates that around 75.0% of current Fidelity Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 13.18 |
Fidelity Select Semi lagged returns against current returns
Autocorrelation, which is Fidelity Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Select returns to help us make a trade decision. For example, suppose you find that Fidelity Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Select Lagged Returns
When evaluating Fidelity Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Select mutual fund have on its future price. Fidelity Select 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 Select autocorrelation shows the relationship between Fidelity Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Select Semiconductors.
Regressed Prices |
| Timeline |
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Fidelity Select 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.