Fidelity Vertible Securities Fund Market Value

FIQVX Fund  USD 34.15  0.35  1.01%   
Fidelity Convertible's market value is the price at which a share of Fidelity Convertible trades on a public exchange. It measures the collective expectations of Fidelity Vertible Securities investors about its performance. Fidelity Convertible is trading at 34.15 as of the 25th of February 2025; that is 1.01% down since the beginning of the trading day. The fund's open price was 34.5.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Vertible Securities and determine expected loss or profit from investing in Fidelity Convertible over a given investment horizon. Check out Fidelity Convertible Correlation, Fidelity Convertible Volatility and Fidelity Convertible Alpha and Beta module to complement your research on Fidelity Convertible.
Symbol

Please note, there is a significant difference between Fidelity Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Convertible'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 Convertible '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 Convertible'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 Convertible.
0.00
01/26/2025
No Change 0.00  0.0 
In 31 days
02/25/2025
0.00
If you would invest  0.00  in Fidelity Convertible on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity Vertible Securities or generate 0.0% return on investment in Fidelity Convertible over 30 days. Fidelity Convertible is related to or competes with Ab Concentrated, T Rowe, Small Company, The Hartford, Tfa Alphagen, Rational Defensive, and Touchstone Sands. The fund normally invests at least 80 percent of assets in convertible securities More

Fidelity Convertible 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 Convertible'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 Vertible Securities upside and downside potential and time the market with a certain degree of confidence.

Fidelity Convertible Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Convertible's standard deviation. In reality, there are many statistical measures that can use Fidelity Convertible historical prices to predict the future Fidelity Convertible's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Convertible'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.
Hype
Prediction
LowEstimatedHigh
33.5734.5035.43
Details
Intrinsic
Valuation
LowRealHigh
33.9234.8535.78
Details

Fidelity Convertible Backtested Returns

Fidelity Convertible 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. Fidelity Vertible Securities exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Convertible's Variance of 0.8251, mean deviation of 0.668, and Standard Deviation of 0.9084 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Convertible is expected to be smaller as well.

Auto-correlation

    
  -0.54  

Good reverse predictability

Fidelity Vertible Securities has good reverse predictability. Overlapping area represents the amount of predictability between Fidelity Convertible time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 2025. 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 Convertible price movement. The serial correlation of -0.54 indicates that about 54.0% of current Fidelity Convertible price fluctuation can be explain by its past prices.
Correlation Coefficient-0.54
Spearman Rank Test-0.38
Residual Average0.0
Price Variance0.26
Fidelity ReturnsFidelity Lagged ReturnsDiversified AwayFidelity ReturnsFidelity Lagged ReturnsDiversified Away100%

Fidelity Convertible lagged returns against current returns

Autocorrelation, which is Fidelity Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Convertible returns to help us make a trade decision. For example, suppose you find that Fidelity Convertible 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   
JavaScript chart by amCharts 3.21.15Feb 10Feb 12Feb 14Feb 16Feb 18Feb 20Feb 22Feb 24-4%-3%-2%-1%0%1% 1
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Fidelity Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Convertible 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 Convertible mutual fund over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Feb 10Feb 12Feb 14Feb 16Feb 18Feb 20Feb 22Feb 2434.634.835.035.235.435.635.8
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Fidelity Convertible Lagged Returns

When evaluating Fidelity Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Convertible mutual fund have on its future price. Fidelity Convertible 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 Convertible autocorrelation shows the relationship between Fidelity Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Vertible Securities.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Jan 27Jan 31FebFeb 08Feb 12Feb 16Feb 20Feb 2434.234.434.634.835.035.235.435.635.8
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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Other Information on Investing in Fidelity Mutual Fund

Fidelity Convertible 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 Convertible security.
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