Fidelity Japan Smaller Fund Market Value
| FJSCX Fund | USD 16.30 0.02 0.12% |
| Symbol | Fidelity |
Fidelity Japan '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 Japan'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 Japan.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Fidelity Japan on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Japan Smaller or generate 0.0% return on investment in Fidelity Japan over 180 days. Fidelity Japan is related to or competes with Hennessy Japan, Hennessy Japan, Wasatch Emerging, and Global Opportunity. The fund invests at least 80 percent of assets in securities of Japanese issuers, and other investments that are tied ec... More
Fidelity Japan 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 Japan'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 Japan Smaller upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.68 |
Fidelity Japan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Japan's standard deviation. In reality, there are many statistical measures that can use Fidelity Japan historical prices to predict the future Fidelity Japan's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (2.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Japan'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.
Fidelity Japan Smaller Backtested Returns
Fidelity Japan Smaller secures Sharpe Ratio (or Efficiency) of -0.0399, which denotes the fund had a -0.0399% return per unit of risk over the last 3 months. Fidelity Japan Smaller exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Japan's Variance of 1.26, mean deviation of 0.8105, and Standard Deviation of 1.12 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0215, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Japan is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Fidelity Japan Smaller has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fidelity Japan time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Japan Smaller price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Fidelity Japan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Fidelity Japan Smaller lagged returns against current returns
Autocorrelation, which is Fidelity Japan 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 Japan's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Japan returns to help us make a trade decision. For example, suppose you find that Fidelity Japan 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 Japan 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 Japan mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Japan 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 Japan mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Japan Lagged Returns
When evaluating Fidelity Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Japan mutual fund have on its future price. Fidelity Japan 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 Japan autocorrelation shows the relationship between Fidelity Japan mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Japan Smaller.
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 Japan 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 Japan security.
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