Fidelity Flex Small Fund Market Value
| FLXSX Fund | USD 17.60 0.06 0.34% |
| Symbol | Fidelity |
Fidelity Flex '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 Flex'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 Flex.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Fidelity Flex on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Flex Small or generate 0.0% return on investment in Fidelity Flex over 30 days. Fidelity Flex is related to or competes with Fidelity Flex, Fidelity Flex, Fidelity Flex, Fidelity Flex, and Fidelity Flex. The fund normally invests at least 80 percent of its assets in securities included in the Russell 2000 Index, which is a... More
Fidelity Flex 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 Flex'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 Flex Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | 0.0292 | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 2.07 |
Fidelity Flex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Flex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Flex's standard deviation. In reality, there are many statistical measures that can use Fidelity Flex historical prices to predict the future Fidelity Flex's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0333 | |||
| Treynor Ratio | 0.1101 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Flex'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 Flex Small Backtested Returns
Fidelity Flex appears to be very steady, given 3 months investment horizon. Fidelity Flex Small 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 Flex Small, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Flex's Coefficient Of Variation of 743.06, mean deviation of 0.9152, and Downside Deviation of 1.14 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.51, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Flex will likely underperform.
Auto-correlation | 0.84 |
Very good predictability
Fidelity Flex Small has very good predictability. Overlapping area represents the amount of predictability between Fidelity Flex time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Flex Small price movement. The serial correlation of 0.84 indicates that around 84.0% of current Fidelity Flex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Fidelity Flex Small lagged returns against current returns
Autocorrelation, which is Fidelity Flex 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 Flex's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Flex returns to help us make a trade decision. For example, suppose you find that Fidelity Flex 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 Flex 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 Flex mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Flex 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 Flex mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Flex Lagged Returns
When evaluating Fidelity Flex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Flex mutual fund have on its future price. Fidelity Flex 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 Flex autocorrelation shows the relationship between Fidelity Flex mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Flex Small.
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 Flex 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 Flex security.
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