Fidelity Bond Index Fund Market Value
| FXNAX Fund | USD 10.00 0.03 0.30% |
| Symbol | Fidelity |
Fidelity Bond '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 Bond'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 Bond.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Fidelity Bond on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Bond Index or generate 0.0% return on investment in Fidelity Bond over 330 days. Fidelity Bond is related to or competes with Vanguard Total, Vanguard Total, Vanguard Small, Vanguard 500, and Vanguard Reit. The fund normally invests at least 80 percent of the funds assets in bonds included in the Bloomberg U.S More
Fidelity Bond 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 Bond'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 Bond Index upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.76 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.4902 |
Fidelity Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Bond's standard deviation. In reality, there are many statistical measures that can use Fidelity Bond historical prices to predict the future Fidelity Bond's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Bond'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 Bond Index Backtested Returns
Fidelity Bond Index secures Sharpe Ratio (or Efficiency) of -0.0792, which denotes the fund had a -0.0792% return per unit of risk over the last 3 months. Fidelity Bond Index exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Bond's Variance of 0.15, mean deviation of 0.3056, and Standard Deviation of 0.3872 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Bond is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Fidelity Bond Index has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fidelity Bond time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th 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 Bond Index price movement. The serial correlation of -0.2 indicates that over 20.0% of current Fidelity Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Fidelity Bond Index lagged returns against current returns
Autocorrelation, which is Fidelity Bond 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 Bond's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Bond returns to help us make a trade decision. For example, suppose you find that Fidelity Bond 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Bond 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 Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Bond Lagged Returns
When evaluating Fidelity Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Bond mutual fund have on its future price. Fidelity Bond 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 Bond autocorrelation shows the relationship between Fidelity Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Bond Index.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Fidelity Bond Correlation, Fidelity Bond Volatility and Fidelity Bond Alpha and Beta module to complement your research on Fidelity Bond. Note that the Fidelity Bond Index information on this page should be used as a complementary analysis to other Fidelity Bond'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Fidelity Bond 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.