Fidelity International Real Fund Market Value

FIKLX Fund  USD 9.16  0.07  0.76%   
Fidelity International's market value is the price at which a share of Fidelity International trades on a public exchange. It measures the collective expectations of Fidelity International Real investors about its performance. Fidelity International is trading at 9.16 as of the 12th of December 2024; that is 0.76% down since the beginning of the trading day. The fund's open price was 9.23.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity International Real and determine expected loss or profit from investing in Fidelity International over a given investment horizon. Check out Fidelity International Correlation, Fidelity International Volatility and Fidelity International Alpha and Beta module to complement your research on Fidelity International.
Symbol

Please note, there is a significant difference between Fidelity International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Fidelity International '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 International'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 International.
0.00
12/23/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/12/2024
0.00
If you would invest  0.00  in Fidelity International on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity International Real or generate 0.0% return on investment in Fidelity International over 720 days. Fidelity International is related to or competes with Old Westbury, Sp Smallcap, Df Dent, Kinetics Small, Smallcap Growth, Champlain Small, and Vy Columbia. The fund normally invests primarily in non-U.S More

Fidelity International 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 International'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 International Real upside and downside potential and time the market with a certain degree of confidence.

Fidelity International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity International's standard deviation. In reality, there are many statistical measures that can use Fidelity International historical prices to predict the future Fidelity International's volatility.
Hype
Prediction
LowEstimatedHigh
8.509.169.82
Details
Intrinsic
Valuation
LowRealHigh
8.679.339.99
Details
Naive
Forecast
LowNextHigh
8.529.189.85
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.129.309.48
Details

Fidelity International Backtested Returns

Fidelity International secures Sharpe Ratio (or Efficiency) of -0.28, which denotes the fund had a -0.28% return per unit of risk over the last 3 months. Fidelity International Real exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity International's Mean Deviation of 0.5101, variance of 0.4501, and Standard Deviation of 0.6709 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity International is expected to be smaller as well.

Auto-correlation

    
  -0.57  

Good reverse predictability

Fidelity International Real has good reverse predictability. Overlapping area represents the amount of predictability between Fidelity International time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 International price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Fidelity International price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test-0.22
Residual Average0.0
Price Variance0.11

Fidelity International lagged returns against current returns

Autocorrelation, which is Fidelity International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Fidelity International returns to help us make a trade decision. For example, suppose you find that Fidelity International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity International 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 International mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Fidelity International Lagged Returns

When evaluating Fidelity International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity International mutual fund have on its future price. Fidelity International 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 International autocorrelation shows the relationship between Fidelity International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity International Real.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Fidelity Mutual Fund

Fidelity International 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 International security.
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