Fidelity Latin America Fund Market Value
| FLFIX Fund | USD 16.66 0.00 0.00% |
| Symbol | Fidelity |
Fidelity Latin '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 Latin'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 Latin.
| 10/26/2022 |
| 10/15/2024 |
If you would invest 0.00 in Fidelity Latin on October 26, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Latin America or generate 0.0% return on investment in Fidelity Latin over 720 days. Fidelity Latin is related to or competes with Rational Defensive, Morningstar Growth, Praxis Growth, Qs Defensive, and Growth Income. The fund normally invests at least 80 percent of assets in securities of Latin American issuers and other investments th... More
Fidelity Latin 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 Latin'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 Latin America upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.8 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.64 |
Fidelity Latin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Latin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Latin's standard deviation. In reality, there are many statistical measures that can use Fidelity Latin historical prices to predict the future Fidelity Latin's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Latin'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 Latin America Backtested Returns
Fidelity Latin America 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. Fidelity Latin America exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Latin's Standard Deviation of 1.18, mean deviation of 0.8709, and Variance of 1.39 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Latin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Latin is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Fidelity Latin America has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Latin time series from 26th of October 2022 to 21st of October 2023 and 21st of October 2023 to 15th of October 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 Latin America price movement. The serial correlation of -0.72 indicates that around 72.0% of current Fidelity Latin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.83 |
Fidelity Latin America lagged returns against current returns
Autocorrelation, which is Fidelity Latin 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 Latin's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Latin returns to help us make a trade decision. For example, suppose you find that Fidelity Latin 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 Latin 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 Latin mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Latin 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 Latin mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Latin Lagged Returns
When evaluating Fidelity Latin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Latin mutual fund have on its future price. Fidelity Latin 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 Latin autocorrelation shows the relationship between Fidelity Latin mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Latin America.
Regressed Prices |
| Timeline |
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Other Information on Investing in Fidelity Mutual Fund
Fidelity Latin 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 Latin security.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |