Fidelity Advisor Gold Fund Alpha and Beta Analysis

FGDIX Fund  USD 22.66  0.51  2.30%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Fidelity Advisor Gold. It also helps investors analyze the systematic and unsystematic risks associated with investing in Fidelity Advisor over a specified time horizon. Remember, high Fidelity Advisor's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Fidelity Advisor's market risk premium analysis include:
Beta
1.92
Alpha
(0.25)
Risk
1.82
Sharpe Ratio
0.0081
Expected Return
0.0148
Please note that although Fidelity Advisor alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Fidelity Advisor did 0.25  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Fidelity Advisor Gold fund's relative risk over its benchmark. Fidelity Advisor Gold has a beta of 1.92  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Advisor will likely underperform. .
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Fidelity Advisor Backtesting, Portfolio Optimization, Fidelity Advisor Correlation, Fidelity Advisor Hype Analysis, Fidelity Advisor Volatility, Fidelity Advisor History and analyze Fidelity Advisor Performance.

Fidelity Advisor Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Fidelity Advisor market risk premium is the additional return an investor will receive from holding Fidelity Advisor long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Advisor. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Fidelity Advisor's performance over market.
α-0.25   β1.92

Fidelity Advisor expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Fidelity Advisor's Buy-and-hold return. Our buy-and-hold chart shows how Fidelity Advisor performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Fidelity Advisor Market Price Analysis

Market price analysis indicators help investors to evaluate how Fidelity Advisor mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fidelity Advisor shares will generate the highest return on investment. By understating and applying Fidelity Advisor mutual fund market price indicators, traders can identify Fidelity Advisor position entry and exit signals to maximize returns.

Fidelity Advisor Return and Market Media

The median price of Fidelity Advisor for the period between Fri, Dec 29, 2023 and Thu, Mar 28, 2024 is 20.65 with a coefficient of variation of 5.08. The daily time series for the period is distributed with a sample standard deviation of 1.05, arithmetic mean of 20.68, and mean deviation of 0.88. The Fund did not receive any noticable media coverage during the period.
 Price Growth (%)  
       Timeline  

About Fidelity Advisor Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Fidelity or other funds. Alpha measures the amount that position in Fidelity Advisor Gold has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fidelity Advisor in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fidelity Advisor's short interest history, or implied volatility extrapolated from Fidelity Advisor options trading.

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When running Fidelity Advisor's 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 the 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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A focus of Fidelity Advisor technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity Advisor 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...