Fidelity Mid Cap Fund Market Value
| FSMDX Fund | USD 31.06 0.38 1.24% |
| Symbol | Fidelity |
Fidelity Mid '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 Mid'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 Mid.
| 02/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Fidelity Mid on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Mid Cap or generate 0.0% return on investment in Fidelity Mid over 420 days. Fidelity Mid is related to or competes with Fidelity Freedom, Fidelity Puritan, Fidelity Puritan, Fidelity Pennsylvania, Fidelity Freedom, Fidelity Freedom, and Fidelity Salem. The fund invests normally at least 80 percent of its assets in securities included in the Russell Midcap Index More
Fidelity Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9102 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.22 |
Fidelity Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Mid's standard deviation. In reality, there are many statistical measures that can use Fidelity Mid historical prices to predict the future Fidelity Mid's volatility.| Risk Adjusted Performance | 0.0615 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0539 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Mid'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 Mid Cap Backtested Returns
We consider Fidelity Mid very steady. Fidelity Mid Cap secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Mid Cap, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Mid's Mean Deviation of 0.6271, coefficient of variation of 1038.7, and Downside Deviation of 0.9102 to check if the risk estimate we provide is consistent with the expected return of 0.085%. The fund shows a Beta (market volatility) of 1.23, 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 Mid will likely underperform.
Auto-correlation | 0.66 |
Good predictability
Fidelity Mid Cap has good predictability. Overlapping area represents the amount of predictability between Fidelity Mid time series from 28th of February 2023 to 26th of September 2023 and 26th of September 2023 to 23rd 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 Mid Cap price movement. The serial correlation of 0.66 indicates that around 66.0% of current Fidelity Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 4.61 |
Fidelity Mid Cap lagged returns against current returns
Autocorrelation, which is Fidelity Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Mid returns to help us make a trade decision. For example, suppose you find that Fidelity Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Mid Lagged Returns
When evaluating Fidelity Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Mid mutual fund have on its future price. Fidelity Mid 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 Mid autocorrelation shows the relationship between Fidelity Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Mid Cap.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Fidelity Mid Correlation, Fidelity Mid Volatility and Fidelity Mid Alpha and Beta module to complement your research on Fidelity Mid. Note that the Fidelity Mid Cap information on this page should be used as a complementary analysis to other Fidelity Mid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Fidelity Mid 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.