Fidelity Series All Sector Fund Market Value
| FSAEX Fund | USD 11.42 0.01 0.09% |
| Symbol | Fidelity |
Fidelity Series '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 Series' 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 Series.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Fidelity Series on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Series All Sector or generate 0.0% return on investment in Fidelity Series over 30 days. Fidelity Series is related to or competes with Morningstar Unconstrained, and SPACE. The fund invests primarily in common stocks More
Fidelity Series 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 Series' 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 Series All Sector upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9537 | |||
| Information Ratio | 0.0082 | |||
| Maximum Drawdown | 5.77 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.4 |
Fidelity Series Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Series' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Series' standard deviation. In reality, there are many statistical measures that can use Fidelity Series historical prices to predict the future Fidelity Series' volatility.| Risk Adjusted Performance | 0.0718 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.008 | |||
| Treynor Ratio | 0.0826 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Series' 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 Series All Backtested Returns
We consider Fidelity Series very steady. Fidelity Series All secures Sharpe Ratio (or Efficiency) of 0.0948, which denotes the fund had a 0.0948% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Series All Sector, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Series' Coefficient Of Variation of 911.03, mean deviation of 0.6893, and Downside Deviation of 0.9537 to check if the risk estimate we provide is consistent with the expected return of 0.0917%. The fund shows a Beta (market volatility) of 1.13, which means a somewhat significant risk relative to the market. Fidelity Series returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Series is expected to follow.
Auto-correlation | 0.36 |
Below average predictability
Fidelity Series All Sector has below average predictability. Overlapping area represents the amount of predictability between Fidelity Series time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 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 Series All price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Fidelity Series price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Fidelity Series All lagged returns against current returns
Autocorrelation, which is Fidelity Series 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 Series' mutual fund expected returns. We can calculate the autocorrelation of Fidelity Series returns to help us make a trade decision. For example, suppose you find that Fidelity Series 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 Series 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 Series mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Series 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 Series mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Series Lagged Returns
When evaluating Fidelity Series' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Series mutual fund have on its future price. Fidelity Series 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 Series autocorrelation shows the relationship between Fidelity Series mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Series All Sector.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fidelity Series in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fidelity Series' short interest history, or implied volatility extrapolated from Fidelity Series options trading.
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Try AI Portfolio ArchitectCheck out Fidelity Series Correlation, Fidelity Series Volatility and Fidelity Series Alpha and Beta module to complement your research on Fidelity Series. Note that the Fidelity Series All information on this page should be used as a complementary analysis to other Fidelity Series' 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Fidelity Series 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.