Fidelity Series International Fund Market Value

FINVX Fund  USD 12.76  0.07  0.55%   
Fidelity Series' market value is the price at which a share of Fidelity Series trades on a public exchange. It measures the collective expectations of Fidelity Series International investors about its performance. Fidelity Series is trading at 12.76 as of the 22nd of November 2024; that is 0.55 percent increase since the beginning of the trading day. The fund's open price was 12.69.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Series International and determine expected loss or profit from investing in Fidelity Series over a given investment horizon. Check out Fidelity Series Correlation, Fidelity Series Volatility and Fidelity Series Alpha and Beta module to complement your research on Fidelity Series.
Symbol

Please note, there is a significant difference between Fidelity Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Series' 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 Series '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 Series' 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 Series.
0.00
10/23/2024
No Change 0.00  0.0 
In 30 days
11/22/2024
0.00
If you would invest  0.00  in Fidelity Series on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Series International or generate 0.0% return on investment in Fidelity Series over 30 days. Fidelity Series is related to or competes with Red Oak, Invesco Technology, Science Technology, Hennessy Technology, Vanguard Information, Icon Information, and Allianzgi Technology. The fund normally invests primarily in non-U.S More

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

Fidelity Series Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Series' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Series' standard deviation. In reality, there are many statistical measures that can use Fidelity Series historical prices to predict the future Fidelity Series' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Series' 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.
Hype
Prediction
LowEstimatedHigh
11.8812.7613.64
Details
Intrinsic
Valuation
LowRealHigh
11.0811.9612.84
Details
Naive
Forecast
LowNextHigh
11.6312.5213.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.5512.8613.17
Details

Fidelity Series Inte Backtested Returns

Fidelity Series Inte secures Sharpe Ratio (or Efficiency) of -0.0794, which denotes the fund had a -0.0794% return per unit of risk over the last 3 months. Fidelity Series International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Series' Mean Deviation of 0.7101, standard deviation of 0.901, and Variance of 0.8118 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Series are expected to decrease at a much lower rate. During the bear market, Fidelity Series is likely to outperform the market.

Auto-correlation

    
  -0.04  

Very weak reverse predictability

Fidelity Series International has very weak reverse predictability. Overlapping area represents the amount of predictability between Fidelity Series time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Series Inte price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Fidelity Series price fluctuation can be explain by its past prices.
Correlation Coefficient-0.04
Spearman Rank Test0.1
Residual Average0.0
Price Variance0.02

Fidelity Series Inte lagged returns against current returns

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

Fidelity Series Lagged Returns

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

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Other Information on Investing in Fidelity Mutual Fund

Fidelity Series 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 Series security.
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