Fidelity Natural Resources Fund Market Value
| FNARX Fund | USD 46.20 0.82 1.74% |
| Symbol | Fidelity |
Fidelity Natural '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 Natural'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 Natural.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Fidelity Natural on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Natural Resources or generate 0.0% return on investment in Fidelity Natural over 30 days. Fidelity Natural is related to or competes with Fidelity Select, Materials Portfolio, Utilities Portfolio, Industrials Portfolio, and Chemicals Portfolio. The fund normally invests at least 80 percent of assets in securities of companies principally engaged in owning or deve... More
Fidelity Natural 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 Natural'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 Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.8 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.75 |
Fidelity Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Natural's standard deviation. In reality, there are many statistical measures that can use Fidelity Natural historical prices to predict the future Fidelity Natural's volatility.| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0266 |
Fidelity Natural Res Backtested Returns
Fidelity Natural Res secures Sharpe Ratio (or Efficiency) of -0.0284, which denotes the fund had a -0.0284% return per unit of risk over the last 3 months. Fidelity Natural Resources exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Natural's Downside Deviation of 1.36, mean deviation of 0.8655, and Coefficient Of Variation of 10055.34 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0416, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Natural is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Fidelity Natural Resources has good predictability. Overlapping area represents the amount of predictability between Fidelity Natural time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Natural Res price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Fidelity Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Fidelity Natural Res lagged returns against current returns
Autocorrelation, which is Fidelity Natural 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 Natural's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Natural returns to help us make a trade decision. For example, suppose you find that Fidelity Natural 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 Natural 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 Natural mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Natural 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 Natural mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Natural Lagged Returns
When evaluating Fidelity Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Natural mutual fund have on its future price. Fidelity Natural 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 Natural autocorrelation shows the relationship between Fidelity Natural mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Natural Resources.
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 Natural 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 Natural security.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |