FIDELITY ASSET Risk Adjusted Performance
| FEYAX Fund | | | USD 33.12 -0.22 -0.66% |
Risk-Adjusted Performance (RAP) measures the return an equity would have generated if it carried the same total risk (standard deviation) as the market. Derived from the Sharpe Ratio, RAP is expressed in percentage terms, making direct comparison across assets with different volatility profiles straightforward. Below is FIDELITY ASSET's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
FIDELITY ASSET registers a Risk Adjusted Performance of 0.0787, reflecting positive but modest risk-adjusted return. FIDELITY ASSET has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.0787 | |
Risk Adjusted Performance Peers Comparison
FIDELITY ASSET's Risk Adjusted Performance of 0.0787 falls above the 0.03 peer average. Values range from -0.1006 (First Trust Low) to 0.2094 (iShares MSCI Taiwan), with wide dispersion across the group. FIDELITY ASSET's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Risk Adjusted Performance Relative To Other Indicators
The chart below plots Risk Adjusted Performance against Maximum Drawdown for Fidelity Asset and its peers. Each point represents one equity — position along the horizontal axis shows Risk Adjusted Performance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
FIDELITY ASSET's Maximum Drawdown of
4.13 runs about
52.47 times its Risk Adjusted Performance of
0.08 . This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for FIDELITY ASSET.
Methodology, Assumptions & Data Sources
The current Risk Adjusted Performance for FIDELITY ASSET is 0.0787. This Risk Adjusted Performance reading for FIDELITY ASSET results from applying the indicator's calculation rules to price and volume data over the selected window. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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