Fidelity Total Bond Etf Market Value
| FBND Etf | USD 45.83 0.39 0.86% |
| Symbol | Fidelity |
The market value of Fidelity Total Bond is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Total's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Total's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity Total's market value can be influenced by many factors that don't directly affect Fidelity Total's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity Total's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Total is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Total'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.
Fidelity Total 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Total's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Total.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fidelity Total on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Total Bond or generate 0.0% return on investment in Fidelity Total over 30 days. Fidelity Total is related to or competes with First Trust, First Trust, First Trust, First Trust, and First Trust. Normally, the fund invests at least 80 percent of assets in debt securities of all types and repurchase agreements for t... More
Fidelity Total Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Total's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Total Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.32 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.4347 |
Fidelity Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Total's standard deviation. In reality, there are many statistical measures that can use Fidelity Total historical prices to predict the future Fidelity Total's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.7313 |
Fidelity Total Bond Backtested Returns
Fidelity Total Bond secures Sharpe Ratio (or Efficiency) of -0.0326, which denotes the etf had a -0.0326% return per unit of risk over the last 3 months. Fidelity Total Bond exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Total's Variance of 0.0742, mean deviation of 0.2004, and Standard Deviation of 0.2724 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.039, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Total are expected to decrease at a much lower rate. During the bear market, Fidelity Total is likely to outperform the market.
Auto-correlation | 0.26 |
Poor predictability
Fidelity Total Bond has poor predictability. Overlapping area represents the amount of predictability between Fidelity Total time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Total Bond price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Fidelity Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Fidelity Total Bond lagged returns against current returns
Autocorrelation, which is Fidelity Total etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Total's etf expected returns. We can calculate the autocorrelation of Fidelity Total returns to help us make a trade decision. For example, suppose you find that Fidelity Total has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fidelity Total regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Total etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Total etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Total etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Total Lagged Returns
When evaluating Fidelity Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Total etf have on its future price. Fidelity Total autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Total autocorrelation shows the relationship between Fidelity Total etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Total Bond.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Fidelity Total Bond is a strong investment it is important to analyze Fidelity Total's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fidelity Total's future performance. For an informed investment choice regarding Fidelity Etf, refer to the following important reports:Check out Fidelity Total Correlation, Fidelity Total Volatility and Fidelity Total Alpha and Beta module to complement your research on Fidelity Total. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Fidelity Total technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.