Fidelity Equity Income Fund Market Value
| FEQIX Fund | USD 81.14 0.22 0.27% |
| Symbol | Fidelity |
Fidelity Equity-income '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 Equity-income'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 Equity-income.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Fidelity Equity-income on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Equity Income Fund or generate 0.0% return on investment in Fidelity Equity-income over 30 days. Fidelity Equity-income is related to or competes with Value Fund, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. The fund normally invests at least 80 percent of assets in equity securities More
Fidelity Equity-income 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 Equity-income'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 Equity Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5325 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.9 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.07 |
Fidelity Equity-income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Equity-income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Equity-income's standard deviation. In reality, there are many statistical measures that can use Fidelity Equity-income historical prices to predict the future Fidelity Equity-income's volatility.| Risk Adjusted Performance | 0.1065 | |||
| Jensen Alpha | 0.0744 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 3.35 |
Fidelity Equity Income Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Equity Income 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 Equity Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Equity-income's Downside Deviation of 0.5325, coefficient of variation of 700.96, and Mean Deviation of 0.4689 to check if the risk estimate we provide is consistent with the expected return of 0.0829%. The fund shows a Beta (market volatility) of 0.023, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Equity-income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Equity-income is expected to be smaller as well.
Auto-correlation | 0.93 |
Excellent predictability
Fidelity Equity Income Fund has excellent predictability. Overlapping area represents the amount of predictability between Fidelity Equity-income time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Equity Income price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Fidelity Equity-income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Fidelity Equity Income lagged returns against current returns
Autocorrelation, which is Fidelity Equity-income 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 Equity-income's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Equity-income returns to help us make a trade decision. For example, suppose you find that Fidelity Equity-income 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 Equity-income 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 Equity-income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Equity-income 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 Equity-income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Equity-income Lagged Returns
When evaluating Fidelity Equity-income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Equity-income mutual fund have on its future price. Fidelity Equity-income 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 Equity-income autocorrelation shows the relationship between Fidelity Equity-income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Equity Income Fund.
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 Equity-income 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 Equity-income security.
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