Fidelity Total Bond Fund Market Value
| FEPTX Fund | USD 9.54 0.03 0.31% |
| Symbol | Fidelity |
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 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 Total.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Fidelity Total on November 13, 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 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 debt securities of all types and repurchase agreements for th... 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 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 Total Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.4175 |
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 | (0.1) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 1.53 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Total's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fidelity Total Bond Backtested Returns
Fidelity Total Bond 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. Fidelity Total Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Total's Variance of 0.09, mean deviation of 0.2317, and Standard Deviation of 0.3001 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0289, 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 | -0.71 |
Almost perfect reverse predictability
Fidelity Total Bond has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Total time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 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 -0.71 indicates that around 71.0% of current Fidelity Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Total Bond lagged returns against current returns
Autocorrelation, which is Fidelity Total 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 Total's mutual fund 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 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Total 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 Total mutual fund 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 mutual fund 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 mutual fund 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.Other Information on Investing in Fidelity Mutual Fund
Fidelity Total 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 Total security.
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