Fidelity Womens Leadership Fund Market Value
| FWOMX Fund | USD 17.75 0.12 0.68% |
| Symbol | Fidelity |
Fidelity Womens '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 Womens' 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 Womens.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Fidelity Womens on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Womens Leadership or generate 0.0% return on investment in Fidelity Womens over 480 days. Fidelity Womens is related to or competes with Fidelity Total, Fidelity Extended, Fidelity Zero, Fidelity Small, and Fidelity Nasdaq. The fund Normally invests at least 80 percent of assets in equity securities of companies that prioritize and advance wo... More
Fidelity Womens 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 Womens' 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 Womens Leadership upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8604 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.27 |
Fidelity Womens Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Womens' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Womens' standard deviation. In reality, there are many statistical measures that can use Fidelity Womens historical prices to predict the future Fidelity Womens' volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0911 |
Fidelity Womens Lead Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Womens Lead secures Sharpe Ratio (or Efficiency) of 0.0921, which denotes the fund had a 0.0921% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Womens Leadership, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Womens' Downside Deviation of 0.8604, coefficient of variation of 887.23, and Mean Deviation of 0.6059 to check if the risk estimate we provide is consistent with the expected return of 0.0722%. The fund shows a Beta (market volatility) of 0.88, which means possible diversification benefits within a given portfolio. Fidelity Womens returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Womens is expected to follow.
Auto-correlation | 0.70 |
Good predictability
Fidelity Womens Leadership has good predictability. Overlapping area represents the amount of predictability between Fidelity Womens time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 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 Womens Lead price movement. The serial correlation of 0.7 indicates that around 70.0% of current Fidelity Womens price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Fidelity Womens Lead lagged returns against current returns
Autocorrelation, which is Fidelity Womens 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 Womens' mutual fund expected returns. We can calculate the autocorrelation of Fidelity Womens returns to help us make a trade decision. For example, suppose you find that Fidelity Womens 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 Womens 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 Womens mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Womens 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 Womens mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Womens Lagged Returns
When evaluating Fidelity Womens' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Womens mutual fund have on its future price. Fidelity Womens 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 Womens autocorrelation shows the relationship between Fidelity Womens mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Womens Leadership.
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 Womens 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 Womens security.
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