Materials Portfolio Fidelity Fund Market Value
| FMFTX Fund | USD 99.97 0.58 0.58% |
| Symbol | Materials |
Materials Portfolio '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 Materials Portfolio'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 Materials Portfolio.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Materials Portfolio on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Materials Portfolio Fidelity or generate 0.0% return on investment in Materials Portfolio over 180 days. Materials Portfolio is related to or competes with Materials Portfolio, Fidelity Advisor, Materials Portfolio, Fidelity Advisor, and Materials Portfolio. The fund invests primarily in common stocks More
Materials Portfolio 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 Materials Portfolio'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 Materials Portfolio Fidelity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9673 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.25 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.62 |
Materials Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Materials Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Materials Portfolio's standard deviation. In reality, there are many statistical measures that can use Materials Portfolio historical prices to predict the future Materials Portfolio's volatility.| Risk Adjusted Performance | 0.056 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0617 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Materials Portfolio'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.
Materials Portfolio Backtested Returns
At this stage we consider Materials Mutual Fund to be very steady. Materials Portfolio has Sharpe Ratio of 0.0668, which conveys that the entity had a 0.0668% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Materials Portfolio, which you can use to evaluate the volatility of the fund. Please verify Materials Portfolio's Downside Deviation of 0.9673, risk adjusted performance of 0.056, and Mean Deviation of 0.7579 to check out if the risk estimate we provide is consistent with the expected return of 0.0662%. The fund secures a Beta (Market Risk) of 0.95, which conveys possible diversification benefits within a given portfolio. Materials Portfolio returns are very sensitive to returns on the market. As the market goes up or down, Materials Portfolio is expected to follow.
Auto-correlation | -0.27 |
Weak reverse predictability
Materials Portfolio Fidelity has weak reverse predictability. Overlapping area represents the amount of predictability between Materials Portfolio 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 Materials Portfolio price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Materials Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 5.58 |
Materials Portfolio lagged returns against current returns
Autocorrelation, which is Materials Portfolio 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 Materials Portfolio's mutual fund expected returns. We can calculate the autocorrelation of Materials Portfolio returns to help us make a trade decision. For example, suppose you find that Materials Portfolio 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 |
Materials Portfolio 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 Materials Portfolio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Materials Portfolio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Materials Portfolio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Materials Portfolio Lagged Returns
When evaluating Materials Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Materials Portfolio mutual fund have on its future price. Materials Portfolio 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, Materials Portfolio autocorrelation shows the relationship between Materials Portfolio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Materials Portfolio Fidelity.
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 Materials Mutual Fund
Materials Portfolio financial ratios help investors to determine whether Materials 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 Materials with respect to the benefits of owning Materials Portfolio security.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |