Fidelity Managed Retirement Fund Market Value
| FHRVX Fund | USD 53.02 0.01 0.02% |
| Symbol | Fidelity |
Fidelity Managed '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 Managed'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 Managed.
| 05/20/2024 |
| 06/19/2024 |
If you would invest 0.00 in Fidelity Managed on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Managed Retirement or generate 0.0% return on investment in Fidelity Managed over 30 days. Fidelity Managed is related to or competes with American Funds, HUMANA, Barloworld, Morningstar Unconstrained, High Yield, Via Renewables, and Bondbloxx ETF. The fund invests in a combination of Fidelity U.S More
Fidelity Managed 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 Managed'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 Managed Retirement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4014 | |||
| Information Ratio | 0.0576 | |||
| Maximum Drawdown | 1.6 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.6454 |
Fidelity Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Managed's standard deviation. In reality, there are many statistical measures that can use Fidelity Managed historical prices to predict the future Fidelity Managed's volatility.| Risk Adjusted Performance | 0.0493 | |||
| Jensen Alpha | 0.0235 | |||
| Total Risk Alpha | 0.0224 | |||
| Sortino Ratio | 0.0538 | |||
| Treynor Ratio | 0.5792 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Managed'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 Managed Ret Backtested Returns
We consider Fidelity Managed very steady. Fidelity Managed Ret secures Sharpe Ratio (or Efficiency) of 0.0616, which denotes the fund had a 0.0616% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Managed Retirement, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Managed's Mean Deviation of 0.2772, downside deviation of 0.4014, and Coefficient Of Variation of 1114.04 to check if the risk estimate we provide is consistent with the expected return of 0.0234%. The fund shows a Beta (market volatility) of 0.0408, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Managed is expected to be smaller as well.
Auto-correlation | -0.23 |
Weak reverse predictability
Fidelity Managed Retirement has weak reverse predictability. Overlapping area represents the amount of predictability between Fidelity Managed time series from 20th of May 2024 to 4th of June 2024 and 4th of June 2024 to 19th of June 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 Managed Ret price movement. The serial correlation of -0.23 indicates that over 23.0% of current Fidelity Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Fidelity Managed Ret lagged returns against current returns
Autocorrelation, which is Fidelity Managed 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 Managed's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Managed returns to help us make a trade decision. For example, suppose you find that Fidelity Managed 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 Managed 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 Managed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Managed 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 Managed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Managed Lagged Returns
When evaluating Fidelity Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Managed mutual fund have on its future price. Fidelity Managed 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 Managed autocorrelation shows the relationship between Fidelity Managed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Managed Retirement.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Fidelity Mutual Fund
Fidelity Managed financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Managed security.
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |