Fidelity Short Duration Fund Market Value
| FSEHX Fund | USD 9.08 0.01 0.11% |
| Symbol | Fidelity |
Fidelity Short '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 Short'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 Short.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Fidelity Short on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Short Duration or generate 0.0% return on investment in Fidelity Short over 720 days. Fidelity Short is related to or competes with Blrc Sgy, Multisector Bond, and Ab Bond. The fund normally invests primarily in income producing debt securities, preferred stocks, and convertible securities, w... More
Fidelity Short 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 Short'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 Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1396 | |||
| Information Ratio | (0.85) | |||
| Maximum Drawdown | 0.6672 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.2237 |
Fidelity Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Short's standard deviation. In reality, there are many statistical measures that can use Fidelity Short historical prices to predict the future Fidelity Short's volatility.| Risk Adjusted Performance | 0.1595 | |||
| Jensen Alpha | 0.0224 | |||
| Total Risk Alpha | 0.0035 | |||
| Sortino Ratio | (0.74) | |||
| Treynor Ratio | 2.11 |
Fidelity Short Duration Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Short Duration secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Fidelity Short Duration, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Short's Standard Deviation of 0.1219, mean deviation of 0.0924, and Coefficient Of Variation of 360.23 to check if the risk estimate we provide is consistent with the expected return of 0.0296%. The fund shows a Beta (market volatility) of 0.0113, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Short is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Fidelity Short Duration has very good predictability. Overlapping area represents the amount of predictability between Fidelity Short time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Short Duration price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Fidelity Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Fidelity Short Duration lagged returns against current returns
Autocorrelation, which is Fidelity Short 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 Short's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Short returns to help us make a trade decision. For example, suppose you find that Fidelity Short 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 Short 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 Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Short 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 Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Short Lagged Returns
When evaluating Fidelity Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Short mutual fund have on its future price. Fidelity Short 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 Short autocorrelation shows the relationship between Fidelity Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Short Duration.
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 Short 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 Short security.
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