Fidelity America (Germany) Market Value
| FJ21 Fund | EUR 16.56 0.11 0.67% |
| Symbol | Fidelity |
Please note, there is a significant difference between Fidelity America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity America'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 America '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 America's 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 America.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Fidelity America on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity America AD or generate 0.0% return on investment in Fidelity America over 720 days. Fidelity America is related to or competes with Groupama Entreprises, Renaissance Europe, Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, and Intel. More
Fidelity America 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 America's 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 America AD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8492 | |||
| Information Ratio | 0.0436 | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.95 |
Fidelity America Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity America's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity America's standard deviation. In reality, there are many statistical measures that can use Fidelity America historical prices to predict the future Fidelity America's volatility.| Risk Adjusted Performance | 0.1299 | |||
| Jensen Alpha | 0.0821 | |||
| Total Risk Alpha | 0.0074 | |||
| Sortino Ratio | 0.0517 | |||
| Treynor Ratio | 0.2377 |
Fidelity America Backtested Returns
At this point, Fidelity America is very steady. Fidelity America secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity America AD, which you can use to evaluate the volatility of the entity. Please confirm Fidelity America's Downside Deviation of 0.8492, coefficient of variation of 599.58, and Mean Deviation of 0.7707 to check if the risk estimate we provide is consistent with the expected return of 0.19%. The fund shows a Beta (market volatility) of 0.67, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity America's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity America is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Fidelity America AD has no correlation between past and present. Overlapping area represents the amount of predictability between Fidelity America time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 America price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fidelity America price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity America lagged returns against current returns
Autocorrelation, which is Fidelity America 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 America's fund expected returns. We can calculate the autocorrelation of Fidelity America returns to help us make a trade decision. For example, suppose you find that Fidelity America has exhibited high autocorrelation historically, and you observe that the 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 America 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 America fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity America fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity America fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity America Lagged Returns
When evaluating Fidelity America's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity America fund have on its future price. Fidelity America 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 America autocorrelation shows the relationship between Fidelity America fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity America AD.
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 Fund
Fidelity America financial ratios help investors to determine whether Fidelity 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 America security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |