Fidelity Mutual Fund Manager Performance Evaluation

FECMX -  USA Fund  

USD 47.15  0.23  0.49%

The fund shows a Beta (market volatility) of 0.1897, which means not very significant fluctuations relative to the market. Let's try to break down what Fidelity's beta means in this case. As returns on the market increase, Fidelity Advisor returns are expected to increase less than the market. However, during the bear market, the loss on holding Fidelity Advisor will be expected to be smaller as well. Even though it is essential to pay attention to Fidelity Advisor Emerging historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Fidelity Advisor Emerging exposes twenty-one different technical indicators, which can help you to evaluate its performance.

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 Fidelity Performance
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Over the last 90 days Fidelity Advisor Emerging has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong primary indicators, Fidelity Advisor is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Fidelity Advisor Relative Risk vs. Return Landscape

If you would invest  4,831  in Fidelity Advisor Emerging on June 21, 2021 and sell it today you would lose (116.00)  from holding Fidelity Advisor Emerging or give up 2.4% of portfolio value over 90 days. Fidelity Advisor Emerging is currently producing negative expected returns and takes up 0.95% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than Fidelity, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Fidelity Advisor is expected to under-perform the market. In addition to that, the company is 1.52 times more volatile than its market benchmark. It trades about -0.04 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.05 per unit of volatility.

Fidelity Advisor Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Advisor's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Advisor Emerging, and traders can use it to determine the average amount a Fidelity Advisor's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0359

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Negative ReturnsFECMX
Estimated Market Risk
 0.95
  actual daily
 
 8 %
of total potential
 
88
Expected Return
 -0.03
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.04
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Fidelity Advisor is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Advisor by adding it to a well-diversified portfolio.

About Fidelity Advisor Performance

To evaluate Fidelity Advisor Emerging Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Fidelity Advisor generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Fidelity Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Fidelity Advisor Emerging stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Fidelity's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.

Things to note about Fidelity Advisor Emerging

Checking the ongoing alerts about Fidelity Advisor for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fidelity Advisor Emerging help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Fidelity Advisor Alerts

Equity Alerts and Improvement Suggestions

Fidelity Advisor generates negative expected return over the last 90 days
Please check Investing Opportunities. Note that the Fidelity Advisor Emerging information on this page should be used as a complementary analysis to other Fidelity Advisor's 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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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When running Fidelity Advisor Emerging price analysis, check to measure Fidelity Advisor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Advisor is operating at the current time. Most of Fidelity Advisor's value examination focuses on studying past and present price action to predict the probability of Fidelity Advisor's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fidelity Advisor's price. Additionally, you may evaluate how the addition of Fidelity Advisor to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Fidelity Advisor's value and its price as these two are different measures arrived at by different means. Investors typically determine Fidelity Advisor value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Advisor'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.