Fidelity Worldwide Fund Market Value
| FWTFX Fund | USD 39.70 0.32 0.81% |
| Symbol | Fidelity |
Fidelity Worldwide '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 Worldwide'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 Worldwide.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fidelity Worldwide on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Worldwide Fund or generate 0.0% return on investment in Fidelity Worldwide over 30 days. Fidelity Worldwide is related to or competes with American Funds, New Perspective, and New Perspective. The fund invests in securities issued throughout the world More
Fidelity Worldwide 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 Worldwide'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 Worldwide Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.54 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.54 |
Fidelity Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Worldwide's standard deviation. In reality, there are many statistical measures that can use Fidelity Worldwide historical prices to predict the future Fidelity Worldwide's volatility.| Risk Adjusted Performance | 0.0691 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0784 |
Fidelity Worldwide Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Worldwide secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Worldwide Fund, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Worldwide's Downside Deviation of 1.03, coefficient of variation of 1137.32, and Mean Deviation of 0.6669 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.91, which means possible diversification benefits within a given portfolio. Fidelity Worldwide returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Worldwide is expected to follow.
Auto-correlation | 0.88 |
Very good predictability
Fidelity Worldwide Fund has very good predictability. Overlapping area represents the amount of predictability between Fidelity Worldwide time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Worldwide price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Fidelity Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Fidelity Worldwide lagged returns against current returns
Autocorrelation, which is Fidelity Worldwide 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 Worldwide's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Worldwide returns to help us make a trade decision. For example, suppose you find that Fidelity Worldwide 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 Worldwide 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 Worldwide mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Worldwide 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 Worldwide mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Worldwide Lagged Returns
When evaluating Fidelity Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Worldwide mutual fund have on its future price. Fidelity Worldwide 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 Worldwide autocorrelation shows the relationship between Fidelity Worldwide mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Worldwide 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 Worldwide 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 Worldwide security.
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |