Fidelity Mutual Fund Manager Performance Evaluation

FGDKX -  USA Fund  

USD 58.67  1.23  2.14%

The fund shows a Beta (market volatility) of 0.1114, 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 Growth returns are expected to increase less than the market. However, during the bear market, the loss on holding Fidelity Growth will be expected to be smaller as well. Although it is extremely important to respect Fidelity Growth Discovery historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Fidelity Growth Discovery technical indicators, you can presently evaluate if the expected return of 0.0189% will be sustainable into the future.

Fidelity Mutual Fund Performance 

 
Refresh
Fidelity Performance
1 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Growth Discovery are ranked lower than 1 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward-looking signals, Fidelity Growth is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low51.10
Fifty Two Week High60.73
Annual Report Expense Ratio0.69%

Fidelity Growth Relative Risk vs. Return Landscape

If you would invest  5,692  in Fidelity Growth Discovery on August 29, 2021 and sell it today you would earn a total of  52.00  from holding Fidelity Growth Discovery or generate 0.91% return on investment over 90 days. Fidelity Growth Discovery is currently producing 0.0189% returns and takes up 0.9473% 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 Growth is expected to generate 1.26 times more return on investment than the market. However, the company is 1.26 times more volatile than its market benchmark. It trades about 0.02 of its potential returns per unit of risk. The DOW is currently generating roughly -0.03 per unit of risk.

Fidelity Growth Current Valuation

Fairly Valued
Today
58.67
27th of November 2021
Share
Please note that Fidelity Growth's price fluctuation is very steady at this time.
Fidelity Growth Discovery shows a prevailing Real Value of $58.04 per share. The current price of the fund is $58.67. At this time, the entity appears to be fairly valued. We determine the value of Fidelity Growth Discovery 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 Growth Discovery 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 Growth. Since Fidelity Growth is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Growth'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.
58.04
Real Value
58.95
Upside
Estimating the potential upside or downside of Fidelity Growth Discovery 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 Growth more accurately as focusing exclusively on Fidelity Growth's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
57.6958.9360.20
Details
Hype
Prediction
LowEstimated ValueHigh
57.7658.6759.58
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
1.791.841.90
Details

Fidelity Growth Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Growth's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Growth Discovery, and traders can use it to determine the average amount a Fidelity Growth'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 = 0.0199

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small Returns
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative ReturnsFGDKX
Estimated Market Risk
 0.95
  actual daily
 
 8 %
of total potential
 
88
Expected Return
 0.02
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 0.02
  actual daily
 
 1 %
of total potential
 
11
Based on monthly moving average Fidelity Growth is performing at about 1% 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 Growth by adding it to a well-diversified portfolio.

About Fidelity Growth Performance

To evaluate Fidelity Growth Discovery 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 Growth 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 Growth Discovery 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.
It invests in companies that the adviser believes have above-average growth potential . Fidelity Growth is traded on NASDAQ Exchange in the United States.

Things to note about Fidelity Growth Discovery

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

Fidelity Growth Alerts

Equity Alerts and Improvement Suggestions

Fidelity Growth is unlikely to experience financial distress in the next 2 years
The fund retains 99.15% of its assets under management (AUM) in equities
Please check Investing Opportunities. Note that the Fidelity Growth Discovery information on this page should be used as a complementary analysis to other Fidelity Growth'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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Fidelity Mutual Fund analysis

When running Fidelity Growth Discovery price analysis, check to measure Fidelity Growth'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 Growth is operating at the current time. Most of Fidelity Growth's value examination focuses on studying past and present price action to predict the probability of Fidelity Growth's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fidelity Growth's price. Additionally, you may evaluate how the addition of Fidelity Growth to your portfolios can decrease your overall portfolio volatility.
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Please note, there is a significant difference between Fidelity Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine Fidelity Growth value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Growth'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.