Fidelity Servative Income Fund Market Value
| FMNDX Fund | USD 10.06 0.01 0.1% |
| Symbol | Fidelity |
Fidelity Conservative '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 Conservative'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 Conservative.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Fidelity Conservative on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Servative Income or generate 0.0% return on investment in Fidelity Conservative over 360 days. Fidelity Conservative is related to or competes with Commonwealth Real, Jhancock Real, Columbia Real, Fidelity Real, Prudential Real, and Simt Real. The fund normally invests at least 80 percent of its assets in U.S More
Fidelity Conservative 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 Conservative'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 Servative Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.00) | |||
| Maximum Drawdown | 0.3994 | |||
| Potential Upside | 0.0996 |
Fidelity Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Conservative's standard deviation. In reality, there are many statistical measures that can use Fidelity Conservative historical prices to predict the future Fidelity Conservative's volatility.| Risk Adjusted Performance | 0.0172 | |||
| Jensen Alpha | 0.0036 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Conservative'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 Servative Income Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Servative Income secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty technical indicators for Fidelity Servative Income, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Conservative's Mean Deviation of 0.0286, standard deviation of 0.0635, and Variance of 0.004 to check if the risk estimate we provide is consistent with the expected return of 0.0078%. The fund shows a Beta (market volatility) of -0.0234, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Conservative are expected to decrease at a much lower rate. During the bear market, Fidelity Conservative is likely to outperform the market.
Auto-correlation | 0.94 |
Excellent predictability
Fidelity Servative Income has excellent predictability. Overlapping area represents the amount of predictability between Fidelity Conservative time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Servative Income price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Fidelity Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Servative Income lagged returns against current returns
Autocorrelation, which is Fidelity Conservative 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 Conservative's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Conservative returns to help us make a trade decision. For example, suppose you find that Fidelity Conservative 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 Conservative 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 Conservative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Conservative 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 Conservative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Conservative Lagged Returns
When evaluating Fidelity Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Conservative mutual fund have on its future price. Fidelity Conservative 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 Conservative autocorrelation shows the relationship between Fidelity Conservative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Servative Income.
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 Conservative 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 Conservative security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |