Fidelity Small Cap Fund Market Value

FSSNX Fund  USD 24.16  0.06  0.25%   
Fidelity Small's market value is the price at which a share of Fidelity Small trades on a public exchange. It measures the collective expectations of Fidelity Small Cap investors about its performance. Fidelity Small is trading at 24.16 as of the 21st of April 2024; that is 0.25 percent increase since the beginning of the trading day. The fund's open price was 24.1.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Small Cap and determine expected loss or profit from investing in Fidelity Small over a given investment horizon. Check out Fidelity Small Correlation, Fidelity Small Volatility and Fidelity Small Alpha and Beta module to complement your research on Fidelity Small.

Please note, there is a significant difference between Fidelity Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Small's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Fidelity Small '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 Small'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 Small.
No Change 0.00  0.0 
In 30 days
If you would invest  0.00  in Fidelity Small on March 22, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Small Cap or generate 0.0% return on investment in Fidelity Small over 30 days. Fidelity Small is related to or competes with Fidelity Mid, Fidelity International, Fidelity, Fidelity Large, and Fidelity 500. The fund invests normally at least 80 percent of its assets in securities included in the Russell 2000 Index More

Fidelity Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.

Fidelity Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Small's standard deviation. In reality, there are many statistical measures that can use Fidelity Small historical prices to predict the future Fidelity Small's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Small'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.
Band Projection (param)
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Small. Your research has to be compared to or analyzed against Fidelity Small's peers to derive any actionable benefits. When done correctly, Fidelity Small's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fidelity Small Cap.

Fidelity Small Cap Backtested Returns

Fidelity Small Cap secures Sharpe Ratio (or Efficiency) of -0.0117, which denotes the fund had a -0.0117% return per unit of risk over the last 3 months. Fidelity Small Cap exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Small's Downside Deviation of 1.41, mean deviation of 0.9964, and Coefficient Of Variation of 3147.38 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.75, 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 Small will likely underperform.



Weak predictability

Fidelity Small Cap has weak predictability. Overlapping area represents the amount of predictability between Fidelity Small time series from 22nd of March 2024 to 6th of April 2024 and 6th of April 2024 to 21st 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 Small Cap price movement. The serial correlation of 0.24 indicates that over 24.0% of current Fidelity Small price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test0.2
Residual Average0.0
Price Variance0.38

Fidelity Small Cap lagged returns against current returns

Autocorrelation, which is Fidelity Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Small returns to help us make a trade decision. For example, suppose you find that Fidelity Small 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   

Fidelity Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Small 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 Small mutual fund over time.
   Current vs Lagged Prices   

Fidelity Small Lagged Returns

When evaluating Fidelity Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Small mutual fund have on its future price. Fidelity Small 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 Small autocorrelation shows the relationship between Fidelity Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Small Cap.
   Regressed Prices   

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Check out Fidelity Small Correlation, Fidelity Small Volatility and Fidelity Small Alpha and Beta module to complement your research on Fidelity Small.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Fidelity Small 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.
A focus of Fidelity Small technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity Small trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...