Fidelity Porate Bond Fund Market Value
| FCBFX Fund | USD 10.49 0.01 0.1% |
| Symbol | Fidelity |
Fidelity Corporate '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 Corporate'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 Corporate.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Fidelity Corporate on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Porate Bond or generate 0.0% return on investment in Fidelity Corporate over 720 days. Fidelity Corporate is related to or competes with Fidelity Freedom, Fidelity Puritan, Fidelity Puritan, Fidelity Pennsylvania, Fidelity Freedom, Fidelity Freedom, and Fidelity Salem. The fund normally invests at least 80 percent of assets in corporate bonds and other corporate debt securities and repur... More
Fidelity Corporate 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 Corporate'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 Porate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.6 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.565 |
Fidelity Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Corporate's standard deviation. In reality, there are many statistical measures that can use Fidelity Corporate historical prices to predict the future Fidelity Corporate's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.55) |
Fidelity Porate Bond Backtested Returns
Fidelity Porate Bond secures Sharpe Ratio (or Efficiency) of -0.0683, which denotes the fund had a -0.0683% return per unit of risk over the last 3 months. Fidelity Porate Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Corporate's Standard Deviation of 0.3408, variance of 0.1161, and Mean Deviation of 0.2577 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0619, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Corporate is expected to be smaller as well.
Auto-correlation | -0.5 |
Modest reverse predictability
Fidelity Porate Bond has modest reverse predictability. Overlapping area represents the amount of predictability between Fidelity Corporate 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 Porate Bond price movement. The serial correlation of -0.5 indicates that about 50.0% of current Fidelity Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Fidelity Porate Bond lagged returns against current returns
Autocorrelation, which is Fidelity Corporate 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 Corporate's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Corporate returns to help us make a trade decision. For example, suppose you find that Fidelity Corporate 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 Corporate 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 Corporate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Corporate 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 Corporate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Corporate Lagged Returns
When evaluating Fidelity Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Corporate mutual fund have on its future price. Fidelity Corporate 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 Corporate autocorrelation shows the relationship between Fidelity Corporate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Porate 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.Other Information on Investing in Fidelity Mutual Fund
Fidelity Corporate 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 Corporate security.
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