Fidelity Government Income Fund Market Value
| FGOVX Fund | USD 9.20 0.02 0.22% |
| Symbol | Fidelity |
Fidelity Government '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 Government'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 Government.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Fidelity Government on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Government Income or generate 0.0% return on investment in Fidelity Government over 30 days. Fidelity Government 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 U.S More
Fidelity Government 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 Government'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 Government Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.5365 |
Fidelity Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Government's standard deviation. In reality, there are many statistical measures that can use Fidelity Government historical prices to predict the future Fidelity Government's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.232 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Government'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 Government Backtested Returns
Fidelity Government secures Sharpe Ratio (or Efficiency) of -0.0629, which denotes the fund had a -0.0629% return per unit of risk over the last 3 months. Fidelity Government Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Government's Variance of 0.1065, standard deviation of 0.3264, and Mean Deviation of 0.2426 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Government are expected to decrease at a much lower rate. During the bear market, Fidelity Government is likely to outperform the market.
Auto-correlation | -0.41 |
Modest reverse predictability
Fidelity Government Income has modest reverse predictability. Overlapping area represents the amount of predictability between Fidelity Government time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Government price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Fidelity Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Government lagged returns against current returns
Autocorrelation, which is Fidelity Government 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 Government's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Government returns to help us make a trade decision. For example, suppose you find that Fidelity Government 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 Government 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 Government mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Government 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 Government mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Government Lagged Returns
When evaluating Fidelity Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Government mutual fund have on its future price. Fidelity Government 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 Government autocorrelation shows the relationship between Fidelity Government mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Government Income.
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 Government 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 Government security.
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