Fidelity Trend Fund Market Value
| FTRNX Fund | USD 211.23 0.61 0.29% |
| Symbol | Fidelity |
Fidelity Trend '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 Trend'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 Trend.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Fidelity Trend on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Trend Fund or generate 0.0% return on investment in Fidelity Trend over 720 days. Fidelity Trend is related to or competes with Lord Abbett, Fidelity Advisor, Fidelity Advisor, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe. The fund invests primarily in common stocks More
Fidelity Trend 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 Trend'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 Trend Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.0436 | |||
| Maximum Drawdown | 6.4 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 2.19 |
Fidelity Trend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Trend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Trend's standard deviation. In reality, there are many statistical measures that can use Fidelity Trend historical prices to predict the future Fidelity Trend's volatility.| Risk Adjusted Performance | 0.1125 | |||
| Jensen Alpha | 0.1737 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | 3.91 |
Fidelity Trend Backtested Returns
Fidelity Trend appears to be very steady, given 3 months investment horizon. Fidelity Trend secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Trend Fund, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Trend's Downside Deviation of 1.45, mean deviation of 0.9568, and Coefficient Of Variation of 708.77 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.0459, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Trend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Trend is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Fidelity Trend Fund has very good predictability. Overlapping area represents the amount of predictability between Fidelity Trend time series from 5th of December 2022 to 30th of November 2023 and 30th of November 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 Trend price movement. The serial correlation of 0.83 indicates that around 83.0% of current Fidelity Trend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 273.01 |
Fidelity Trend lagged returns against current returns
Autocorrelation, which is Fidelity Trend 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 Trend's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Trend returns to help us make a trade decision. For example, suppose you find that Fidelity Trend 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 Trend 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 Trend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Trend 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 Trend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Trend Lagged Returns
When evaluating Fidelity Trend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Trend mutual fund have on its future price. Fidelity Trend 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 Trend autocorrelation shows the relationship between Fidelity Trend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Trend Fund.
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 Trend 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 Trend security.
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