Fidelity Mutual Fund Manager Performance Evaluation

FFRIX -  USA Fund  

USD 9.50  0.01  0.11%

The fund shows a Beta (market volatility) of 0.0098, 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 Floating 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 Floating exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Fidelity Mutual Fund Performance 

 
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Fidelity Performance
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Over the last 90 days Fidelity Advisor Floating has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, Fidelity Advisor is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low9.34
Fifty Two Week High9.52
Annual Report Expense Ratio0.73%

Fidelity Advisor Relative Risk vs. Return Landscape

If you would invest  951.00  in Fidelity Advisor Floating on October 28, 2021 and sell it today you would lose (2.00)  from holding Fidelity Advisor Floating or give up 0.21% of portfolio value over 90 days. Fidelity Advisor Floating is currently producing negative expected returns and takes up 0.0694% volatility of returns over 90 trading days. Put another way, 0% 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 generate 0.08 times more return on investment than the market. However, the company is 12.19 times less risky than the market. It trades about -0.05 of its potential returns per unit of risk. The DOW is currently generating roughly -0.07 per unit of risk.

Fidelity Advisor Current Valuation

Fairly Valued
Today 9.50
Share
Please note that Fidelity Advisor's price fluctuation is very steady at this time.
Fidelity Advisor Floating shows a prevailing Real Value of $9.5 per share. The current price of the fund is $9.5. At this time, the entity appears to be fairly valued. We determine the value of Fidelity Advisor Floating from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued instruments and dropping overvalued instruments since, at some point, stock prices and their ongoing real values will submerge.
Our valuation method for Fidelity Advisor Floating is useful when determining the fair value of the Fidelity mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Fidelity Advisor. Since Fidelity Advisor is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Advisor's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
9.50
Real Value
9.57
Upside
Estimating the potential upside or downside of Fidelity Advisor Floating helps investors to forecast how Fidelity mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Fidelity Advisor more accurately as focusing exclusively on Fidelity Advisor's fundamentals will not take into account other important factors:
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Band Projection (param)
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9.489.499.51
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Prediction
LowEstimated ValueHigh
9.439.509.57
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Potential
Annual Dividend
LowIncome Per ShareHigh
0.170.170.17
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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 Floating, 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 = -0.0494

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FFRIX
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 Floating 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 Floating 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.
The fund invests at least 80 percent of assets in floating rate loans, which are often lower-quality debt securities, and other floating rate securities. Fidelity Advisor is traded on NASDAQ Exchange in the United States.

Things to note about Fidelity Advisor Floating

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 Floating 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 generated a negative expected return over the last 90 days
Fidelity Advisor is unlikely to experience financial distress in the next 2 years
The fund retains about 12.21% of its assets under management (AUM) in cash
Please check Investing Opportunities. Note that the Fidelity Advisor Floating 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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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.