Fidelity Pacific Basin Fund Market Value
| FPBFX Fund | USD 32.83 0.04 0.12% |
| Symbol | Fidelity |
Fidelity Pacific '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 Pacific'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 Pacific.
| 01/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Fidelity Pacific on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Pacific Basin or generate 0.0% return on investment in Fidelity Pacific over 690 days. Fidelity Pacific is related to or competes with Fidelity Europe, Fidelity Japan, Fidelity Emerging, Fidelity Nordic, and Fidelity Japan. The fund normally invests at least 80 percent of assets in securities of Pacific Basin issuers and other investments tha... More
Fidelity Pacific 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 Pacific'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 Pacific Basin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.66 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.82 |
Fidelity Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Pacific's standard deviation. In reality, there are many statistical measures that can use Fidelity Pacific historical prices to predict the future Fidelity Pacific's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0282 |
Fidelity Pacific Basin Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Pacific Basin secures Sharpe Ratio (or Efficiency) of 0.0091, which denotes the fund had a 0.0091% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Pacific Basin, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Pacific's Coefficient Of Variation of 4384.76, mean deviation of 0.9254, and Downside Deviation of 1.18 to check if the risk estimate we provide is consistent with the expected return of 0.0113%. The fund shows a Beta (market volatility) of 0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Pacific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Pacific is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
Fidelity Pacific Basin has poor reverse predictability. Overlapping area represents the amount of predictability between Fidelity Pacific time series from 4th of January 2023 to 15th of December 2023 and 15th of December 2023 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 Pacific Basin price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Fidelity Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 4.29 |
Fidelity Pacific Basin lagged returns against current returns
Autocorrelation, which is Fidelity Pacific 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 Pacific's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Pacific returns to help us make a trade decision. For example, suppose you find that Fidelity Pacific 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 Pacific 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 Pacific mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Pacific 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 Pacific mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Pacific Lagged Returns
When evaluating Fidelity Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Pacific mutual fund have on its future price. Fidelity Pacific 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 Pacific autocorrelation shows the relationship between Fidelity Pacific mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Pacific Basin.
Regressed Prices |
| Timeline |
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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 Pacific 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 Pacific security.
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