Fidelity Sai Financials
FSAWX Fund | 10.95 0.01 0.09% |
Fidelity |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Fidelity Sai Fund Summary
Fidelity Sai competes with Kinetics Global, T Rowe, Mirova Global, Scharf Global, and Ab Global. The fund advisor employs a convertible arbitrage strategy, which involves gaining exposure to a portfolio of convertible securities , and hedging the equity risk inherent in these securities by selling short the common stock into which the securities may be converted. The fund is non-diversified.Instrument | USA Mutual Fund View All |
Exchange | NMFQS Exchange |
Mutual Fund Family | Fidelity Investments |
Mutual Fund Category | Relative Value Arbitrage |
Benchmark | Dow Jones Industrial |
Fidelity Sai Convertible Systematic Risk
Fidelity Sai's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity Sai volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Fidelity Sai Convertible correlated with the market. If Beta is less than 0 Fidelity Sai generally moves in the opposite direction as compared to the market. If Fidelity Sai Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity Sai Convertible is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity Sai is generally in the same direction as the market. If Beta > 1 Fidelity Sai moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity Sai November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity Sai help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity Sai Convertible. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Sai Convertible based on widely used predictive technical indicators. In general, we focus on analyzing Fidelity Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fidelity Sai's daily price indicators and compare them against related drivers.
Downside Deviation | 0.1161 | |||
Information Ratio | (0.91) | |||
Maximum Drawdown | 0.4646 | |||
Value At Risk | (0.09) | |||
Potential Upside | 0.1871 |
Other Information on Investing in Fidelity Mutual Fund
Fidelity Sai 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 Sai security.
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