Fidelity Value Discovery Fund Market Value
| FVDFX Fund | USD 36.34 0.11 0.30% |
| Symbol | Fidelity |
Fidelity Value '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 Value'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 Value.
| 05/10/2024 |
| 06/09/2024 |
If you would invest 0.00 in Fidelity Value on May 10, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Value Discovery or generate 0.0% return on investment in Fidelity Value over 30 days. Fidelity Value is related to or competes with Vanguard Value, Dodge Cox, American Funds, and American Mutual. The fund normally invests primarily in common stocks More
Fidelity Value 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 Value'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 Value Discovery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6428 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 2.84 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 0.9034 |
Fidelity Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Value's standard deviation. In reality, there are many statistical measures that can use Fidelity Value historical prices to predict the future Fidelity Value's volatility.| Risk Adjusted Performance | 0.0106 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 7.0E-4 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Value'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 Value Discovery Backtested Returns
Fidelity Value Discovery secures Sharpe Ratio (or Efficiency) of -0.0074, which denotes the fund had a -0.0074% return per unit of risk over the last 3 months. Fidelity Value Discovery exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Value's Downside Deviation of 0.6428, mean deviation of 0.4624, and Coefficient Of Variation of 5773.58 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.87, which means possible diversification benefits within a given portfolio. Fidelity Value returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Value is expected to follow.
Auto-correlation | 0.40 |
Average predictability
Fidelity Value Discovery has average predictability. Overlapping area represents the amount of predictability between Fidelity Value time series from 10th of May 2024 to 25th of May 2024 and 25th of May 2024 to 9th 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 Value Discovery price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Fidelity Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Fidelity Value Discovery lagged returns against current returns
Autocorrelation, which is Fidelity Value 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 Value's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Value returns to help us make a trade decision. For example, suppose you find that Fidelity Value 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 Value 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 Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Value 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 Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Value Lagged Returns
When evaluating Fidelity Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Value mutual fund have on its future price. Fidelity Value 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 Value autocorrelation shows the relationship between Fidelity Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Value Discovery.
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 Value 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 Value security.
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