Fidelity Trafund Class Fund Market Value
| FCNKX Fund | USD 22.13 0.21 0.96% |
| Symbol | Fidelity |
Fidelity Trafund '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 Trafund'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 Trafund.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Fidelity Trafund on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Trafund Class or generate 0.0% return on investment in Fidelity Trafund over 720 days. Fidelity Trafund is related to or competes with Goldman Sachs, Precious Metals, Gold Portfolio, First Eagle, Franklin Gold, and Global Gold. It invests in securities of companies whose value the advisor believes is not fully recognized by the public More
Fidelity Trafund 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 Trafund'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 Trafund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.53 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.47 |
Fidelity Trafund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Trafund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Trafund's standard deviation. In reality, there are many statistical measures that can use Fidelity Trafund historical prices to predict the future Fidelity Trafund's volatility.| Risk Adjusted Performance | 0.1023 | |||
| Jensen Alpha | 0.1027 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.4 |
Fidelity Trafund Class Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Trafund Class secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Trafund Class, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Trafund's Mean Deviation of 0.6222, coefficient of variation of 760.22, and Downside Deviation of 1.17 to check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.0805, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Trafund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Trafund is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Fidelity Trafund Class has very good predictability. Overlapping area represents the amount of predictability between Fidelity Trafund time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Trafund Class price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Fidelity Trafund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 3.06 |
Fidelity Trafund Class lagged returns against current returns
Autocorrelation, which is Fidelity Trafund 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 Trafund's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Trafund returns to help us make a trade decision. For example, suppose you find that Fidelity Trafund 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 Trafund 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 Trafund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Trafund 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 Trafund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Trafund Lagged Returns
When evaluating Fidelity Trafund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Trafund mutual fund have on its future price. Fidelity Trafund 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 Trafund autocorrelation shows the relationship between Fidelity Trafund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Trafund Class.
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 Trafund 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 Trafund security.
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