Fidelity Growth Income Fund Market Value
| FGRIX Fund | USD 65.70 0.36 0.55% |
| Symbol | FIDELITY |
Fidelity Growth '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 Growth'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 Growth.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fidelity Growth on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Growth Income or generate 0.0% return on investment in Fidelity Growth over 180 days. Fidelity Growth is related to or competes with Fidelity Magellan, Fidelity Growth, Fidelity Puritan, Fidelity Blue, and Fidelity Low-priced. The fund normally invests a majority of assets in common stocks with a focus on those that pay current dividends and sho... More
Fidelity Growth 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 Growth'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 Growth Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8176 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.95 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.16 |
Fidelity Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Growth's standard deviation. In reality, there are many statistical measures that can use Fidelity Growth historical prices to predict the future Fidelity Growth's volatility.| Risk Adjusted Performance | 0.0716 | |||
| Jensen Alpha | 0.0683 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (1.62) |
Fidelity Growth Income Backtested Returns
At this stage we consider FIDELITY Mutual Fund to be very steady. Fidelity Growth Income secures Sharpe Ratio (or Efficiency) of 0.0798, which denotes the fund had a 0.0798% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Growth Income, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Growth's Coefficient Of Variation of 1072.38, mean deviation of 0.5408, and Downside Deviation of 0.8176 to check if the risk estimate we provide is consistent with the expected return of 0.0635%. The fund shows a Beta (market volatility) of -0.0393, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Growth are expected to decrease at a much lower rate. During the bear market, Fidelity Growth is likely to outperform the market.
Auto-correlation | 0.52 |
Modest predictability
Fidelity Growth Income has modest predictability. Overlapping area represents the amount of predictability between Fidelity Growth time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Growth Income price movement. The serial correlation of 0.52 indicates that about 52.0% of current Fidelity Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 1.52 |
Fidelity Growth Income lagged returns against current returns
Autocorrelation, which is Fidelity Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Growth returns to help us make a trade decision. For example, suppose you find that Fidelity Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Growth Lagged Returns
When evaluating Fidelity Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Growth mutual fund have on its future price. Fidelity Growth 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 Growth autocorrelation shows the relationship between Fidelity Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Growth 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 Growth 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 Growth security.
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