Fidelity Small Cap Fund Market Value
| FCAGX Fund | USD 33.47 0.46 1.39% |
| Symbol | Fidelity |
Fidelity Small '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 Small's mutual fund 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 Small.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Fidelity Small on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Small Cap or generate 0.0% return on investment in Fidelity Small over 720 days. Fidelity Small is related to or competes with Fidelity Small, Fidelity Advisor, and Fidelity Advisor. The fund invests primarily in common stocks More
Fidelity Small 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 Small's mutual fund 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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0378 | |||
| Maximum Drawdown | 6.42 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.81 |
Fidelity Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Small's standard deviation. In reality, there are many statistical measures that can use Fidelity Small historical prices to predict the future Fidelity Small's volatility.| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0388 | |||
| Treynor Ratio | 0.1186 |
Fidelity Small Cap Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Small Cap secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Small's Mean Deviation of 0.9156, downside deviation of 1.2, and Coefficient Of Variation of 695.7 to check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 1.41, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Small will likely underperform.
Auto-correlation | 0.02 |
Virtually no predictability
Fidelity Small Cap has virtually no predictability. Overlapping area represents the amount of predictability between Fidelity Small time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Small Cap price movement. The serial correlation of 0.02 indicates that only 2.0% of current Fidelity Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 4.66 |
Fidelity Small Cap lagged returns against current returns
Autocorrelation, which is Fidelity Small mutual fund'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 Small's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Small returns to help us make a trade decision. For example, suppose you find that Fidelity Small has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Small Lagged Returns
When evaluating Fidelity Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Small mutual fund have on its future price. Fidelity Small 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 Small autocorrelation shows the relationship between Fidelity Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Small Cap.
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.Other Information on Investing in Fidelity Mutual Fund
Fidelity Small 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 Small security.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |