Fidelity Mega Cap Fund Market Value
| FGRTX Fund | USD 26.61 0.11 0.42% |
| Symbol | Fidelity |
Fidelity Mega '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 Mega'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 Mega.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Fidelity Mega on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Mega Cap or generate 0.0% return on investment in Fidelity Mega over 30 days. Fidelity Mega is related to or competes with Fidelity Large, Fidelity Focused, Fidelity Stock, Fidelity Trend, and Fidelity Advisor. The fund invests at least 80 percent of its assets in common stocks of companies with mega market capitalizations More
Fidelity Mega 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 Mega'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 Mega Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7889 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.15 |
Fidelity Mega Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Mega's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Mega's standard deviation. In reality, there are many statistical measures that can use Fidelity Mega historical prices to predict the future Fidelity Mega's volatility.| Risk Adjusted Performance | 0.117 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.127 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Mega'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 Mega Cap Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Mega Cap secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Mega Cap, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Mega's Coefficient Of Variation of 651.27, mean deviation of 0.4988, and Downside Deviation of 0.7889 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 0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Mega's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Mega is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Fidelity Mega Cap has very good predictability. Overlapping area represents the amount of predictability between Fidelity Mega 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 Mega Cap price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Fidelity Mega price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Fidelity Mega Cap lagged returns against current returns
Autocorrelation, which is Fidelity Mega 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 Mega's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Mega returns to help us make a trade decision. For example, suppose you find that Fidelity Mega 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 Mega 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 Mega mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Mega 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 Mega mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Mega Lagged Returns
When evaluating Fidelity Mega's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Mega mutual fund have on its future price. Fidelity Mega 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 Mega autocorrelation shows the relationship between Fidelity Mega mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Mega Cap.
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 Mega 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 Mega security.
| Stocks Directory Find actively traded stocks across global markets | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |