Fidelity Focused High Fund Market Value
| FHIFX Fund | USD 8.17 0.01 0.12% |
| Symbol | Fidelity |
Fidelity Focused '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 Focused'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 Focused.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fidelity Focused on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Focused High or generate 0.0% return on investment in Fidelity Focused over 30 days. Fidelity Focused is related to or competes with Fidelity Capital, Fidelity New, Fidelity Total, Fidelity Advisor, and Fidelity Gnma. The fund invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an em... More
Fidelity Focused 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 Focused'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 Focused High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2023 | |||
| Information Ratio | (0.75) | |||
| Maximum Drawdown | 0.733 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.246 |
Fidelity Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Focused's standard deviation. In reality, there are many statistical measures that can use Fidelity Focused historical prices to predict the future Fidelity Focused's volatility.| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.008 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.54) | |||
| Treynor Ratio | 1.29 |
Fidelity Focused High Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Focused High secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Fidelity Focused High, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Focused's Mean Deviation of 0.1092, standard deviation of 0.1463, and Coefficient Of Variation of 778.35 to check if the risk estimate we provide is consistent with the expected return of 0.0155%. The fund shows a Beta (market volatility) of 0.0068, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Focused's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Focused is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Fidelity Focused High has insignificant predictability. Overlapping area represents the amount of predictability between Fidelity Focused time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Focused High price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Fidelity Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Focused High lagged returns against current returns
Autocorrelation, which is Fidelity Focused 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 Focused's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Focused returns to help us make a trade decision. For example, suppose you find that Fidelity Focused 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 Focused 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 Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Focused 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 Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Focused Lagged Returns
When evaluating Fidelity Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Focused mutual fund have on its future price. Fidelity Focused 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 Focused autocorrelation shows the relationship between Fidelity Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Focused High.
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 Focused 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 Focused security.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |