Fidelity Investment Grade Etf Market Value
| FSEC Etf | USD 43.21 0.02 0.05% |
| Symbol | Fidelity |
The market value of Fidelity Investment Grade is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Investment's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Investment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity Investment's market value can be influenced by many factors that don't directly affect Fidelity Investment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fidelity Investment '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 Investment's etf 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 Investment.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Fidelity Investment on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Investment Grade or generate 0.0% return on investment in Fidelity Investment over 180 days. Fidelity Investment is related to or competes with Fidelity Investment, Fidelity Preferred, Fidelity Limited, Fidelity Corporate, and Fidelity Covington. The fund normally invests at least 80 percent of assets in investment-grade securitized debt securities and repurchase a... More
Fidelity Investment 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 Investment's etf 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 Investment Grade upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 1.75 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.8615 |
Fidelity Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Investment's standard deviation. In reality, there are many statistical measures that can use Fidelity Investment historical prices to predict the future Fidelity Investment's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 19.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Investment'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 Investment Grade Backtested Returns
Fidelity Investment Grade secures Sharpe Ratio (or Efficiency) of -0.0485, which denotes the etf had a -0.0485% return per unit of risk over the last 3 months. Fidelity Investment Grade exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Investment's Mean Deviation of 0.343, variance of 0.1873, and Standard Deviation of 0.4328 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0015, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Investment are expected to decrease at a much lower rate. During the bear market, Fidelity Investment is likely to outperform the market.
Auto-correlation | -0.83 |
Excellent reverse predictability
Fidelity Investment Grade has excellent reverse predictability. Overlapping area represents the amount of predictability between Fidelity Investment 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 Fidelity Investment Grade price movement. The serial correlation of -0.83 indicates that around 83.0% of current Fidelity Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Fidelity Investment Grade lagged returns against current returns
Autocorrelation, which is Fidelity Investment etf'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 Investment's etf expected returns. We can calculate the autocorrelation of Fidelity Investment returns to help us make a trade decision. For example, suppose you find that Fidelity Investment has exhibited high autocorrelation historically, and you observe that the etf 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 Investment 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 Investment etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Investment etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Investment etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Investment Lagged Returns
When evaluating Fidelity Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Investment etf have on its future price. Fidelity Investment 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 Investment autocorrelation shows the relationship between Fidelity Investment etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Investment Grade.
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.When determining whether Fidelity Investment Grade offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fidelity Investment's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fidelity Investment Grade Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fidelity Investment Grade Etf:Check out Fidelity Investment Correlation, Fidelity Investment Volatility and Fidelity Investment Alpha and Beta module to complement your research on Fidelity Investment. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Fidelity Investment technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.