Fidelity Advisor Small Fund Market Value
| FSCTX Fund | USD 29.64 0.42 1.44% |
| Symbol | Fidelity |
Fidelity Advisor '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 Advisor'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 Advisor.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Fidelity Advisor on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Advisor Small or generate 0.0% return on investment in Fidelity Advisor over 30 days. Fidelity Advisor is related to or competes with Fidelity Mid, Fidelity International, Fidelity, Fidelity Large, and Fidelity 500. The fund normally invests at least 80 percent of its assets in securities of companies with small market capitalizations... More
Fidelity Advisor 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 Advisor'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 Advisor Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.48 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 2.1 |
Fidelity Advisor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Advisor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Advisor's standard deviation. In reality, there are many statistical measures that can use Fidelity Advisor historical prices to predict the future Fidelity Advisor's volatility.| Risk Adjusted Performance | 0.0793 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0775 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Advisor'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 Advisor Small Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Advisor Small secures Sharpe Ratio (or Efficiency) of 0.0711, which denotes the fund had a 0.0711% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Advisor Small, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Advisor's Downside Deviation of 1.14, mean deviation of 0.8758, and Coefficient Of Variation of 1014.58 to check if the risk estimate we provide is consistent with the expected return of 0.0847%. The fund shows a Beta (market volatility) of 1.43, 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 Advisor will likely underperform.
Auto-correlation | 0.61 |
Good predictability
Fidelity Advisor Small has good predictability. Overlapping area represents the amount of predictability between Fidelity Advisor time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 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 Advisor Small price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Fidelity Advisor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Fidelity Advisor Small lagged returns against current returns
Autocorrelation, which is Fidelity Advisor 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 Advisor's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Advisor returns to help us make a trade decision. For example, suppose you find that Fidelity Advisor 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 Advisor 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 Advisor mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Advisor 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 Advisor mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Advisor Lagged Returns
When evaluating Fidelity Advisor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Advisor mutual fund have on its future price. Fidelity Advisor 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 Advisor autocorrelation shows the relationship between Fidelity Advisor mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Advisor 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 Advisor 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 Advisor security.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Commodity Directory Find actively traded commodities issued by global exchanges |