Fidelity Large Cap Fund Market Value
| FLCSX Fund | USD 57.10 0.27 0.48% |
| Symbol | Fidelity |
Fidelity Large '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 Large'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 Large.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Fidelity Large on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Large Cap or generate 0.0% return on investment in Fidelity Large over 390 days. Fidelity Large is related to or competes with Fidelity Mega, Ab Flexfee, Fidelity Focused, Fidelity Trend, and Fidelity Stock. The fund normally invests at least 80 percent of assets in common stocks of companies with large market capitalizations More
Fidelity Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7814 | |||
| Information Ratio | 0.0133 | |||
| Maximum Drawdown | 3.74 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.23 |
Fidelity Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Large's standard deviation. In reality, there are many statistical measures that can use Fidelity Large historical prices to predict the future Fidelity Large's volatility.| Risk Adjusted Performance | 0.141 | |||
| Jensen Alpha | 0.0245 | |||
| Total Risk Alpha | 0.0102 | |||
| Sortino Ratio | 0.013 | |||
| Treynor Ratio | 0.1486 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Large'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 Large Cap Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Large Cap secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Large's Coefficient Of Variation of 543.78, downside deviation of 0.7814, and Mean Deviation of 0.5333 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.88, which means possible diversification benefits within a given portfolio. Fidelity Large returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Large is expected to follow.
Auto-correlation | 0.77 |
Good predictability
Fidelity Large Cap has good predictability. Overlapping area represents the amount of predictability between Fidelity Large time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Large Cap price movement. The serial correlation of 0.77 indicates that around 77.0% of current Fidelity Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 3.44 |
Fidelity Large Cap lagged returns against current returns
Autocorrelation, which is Fidelity Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Large returns to help us make a trade decision. For example, suppose you find that Fidelity Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Large Lagged Returns
When evaluating Fidelity Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Large mutual fund have on its future price. Fidelity Large 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 Large autocorrelation shows the relationship between Fidelity Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Large Cap.
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 Large 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 Large security.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |