Fidelity Limited Term Fund Market Value
| FSTFX Fund | USD 10.27 0.01 0.1% |
| Symbol | Fidelity |
Fidelity Limited '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 Limited'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 Limited.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Fidelity Limited on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Limited Term or generate 0.0% return on investment in Fidelity Limited over 90 days. Fidelity Limited is related to or competes with Fidelity Freedom, Fidelity Puritan, Fidelity Puritan, Fidelity Pennsylvania, Fidelity Freedom, Fidelity Freedom, and Fidelity Salem. The fund normally invests at least 80 percent of assets in investment-grade municipal securities whose interest is exemp... More
Fidelity Limited 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 Limited'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 Limited Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1439 | |||
| Information Ratio | (0.88) | |||
| Maximum Drawdown | 0.6802 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.0976 |
Fidelity Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Limited's standard deviation. In reality, there are many statistical measures that can use Fidelity Limited historical prices to predict the future Fidelity Limited's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | 0.8432 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Limited'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 Limited Term Backtested Returns
We consider Fidelity Limited very steady. Fidelity Limited Term secures Sharpe Ratio (or Efficiency) of 0.031, which denotes the fund had a 0.031% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Limited Term, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Limited's Coefficient Of Variation of 201581.52, mean deviation of 0.0618, and Downside Deviation of 0.1439 to check if the risk estimate we provide is consistent with the expected return of 0.0031%. The fund shows a Beta (market volatility) of -0.0118, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Limited are expected to decrease at a much lower rate. During the bear market, Fidelity Limited is likely to outperform the market.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Fidelity Limited Term has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Limited time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd of April 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 Limited Term price movement. The serial correlation of -0.75 indicates that around 75.0% of current Fidelity Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Limited Term lagged returns against current returns
Autocorrelation, which is Fidelity Limited 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 Limited's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Limited returns to help us make a trade decision. For example, suppose you find that Fidelity Limited 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 Limited 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 Limited mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Limited 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 Limited mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Limited Lagged Returns
When evaluating Fidelity Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Limited mutual fund have on its future price. Fidelity Limited 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 Limited autocorrelation shows the relationship between Fidelity Limited mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Limited Term.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Fidelity Limited Correlation, Fidelity Limited Volatility and Fidelity Limited Alpha and Beta module to complement your research on Fidelity Limited. Note that the Fidelity Limited Term information on this page should be used as a complementary analysis to other Fidelity Limited's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Fidelity Limited technical mutual fund 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, fund market cycles, or different charting patterns.