Fidelity Asiastar Series Fund Market Value
| 0P0000I3XT | 38.30 0.28 0.74% |
| Symbol | Fidelity |
Please note, there is a significant difference between Fidelity AsiaStar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity AsiaStar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity AsiaStar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fidelity AsiaStar '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 AsiaStar's 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 AsiaStar.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Fidelity AsiaStar on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity AsiaStar Series or generate 0.0% return on investment in Fidelity AsiaStar over 90 days. Fidelity AsiaStar is related to or competes with RBC Select, PIMCO Monthly, RBC Portefeuille, Edgepoint Global, TD Comfort, and RBC Global. Fidelity AsiaStar is entity of Canada. It is traded as Fund on TO exchange. More
Fidelity AsiaStar 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 AsiaStar's 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 AsiaStar Series upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7374 | |||
| Information Ratio | 0.1228 | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.68 |
Fidelity AsiaStar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity AsiaStar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity AsiaStar's standard deviation. In reality, there are many statistical measures that can use Fidelity AsiaStar historical prices to predict the future Fidelity AsiaStar's volatility.| Risk Adjusted Performance | 0.2771 | |||
| Jensen Alpha | 0.174 | |||
| Total Risk Alpha | 0.117 | |||
| Sortino Ratio | 0.1335 | |||
| Treynor Ratio | 0.5424 |
Fidelity AsiaStar Series Backtested Returns
Fidelity AsiaStar appears to be very steady, given 3 months investment horizon. Fidelity AsiaStar Series secures Sharpe Ratio (or Efficiency) of 0.33, which denotes the fund had a 0.33 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity AsiaStar Series, which you can use to evaluate the volatility of the entity. Please utilize Fidelity AsiaStar's Coefficient Of Variation of 335.09, downside deviation of 0.7374, and Mean Deviation of 0.6048 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity AsiaStar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity AsiaStar is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
Fidelity AsiaStar Series has good predictability. Overlapping area represents the amount of predictability between Fidelity AsiaStar time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. 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 AsiaStar Series price movement. The serial correlation of 0.67 indicates that around 67.0% of current Fidelity AsiaStar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Fidelity AsiaStar Series lagged returns against current returns
Autocorrelation, which is Fidelity AsiaStar 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 AsiaStar's fund expected returns. We can calculate the autocorrelation of Fidelity AsiaStar returns to help us make a trade decision. For example, suppose you find that Fidelity AsiaStar has exhibited high autocorrelation historically, and you observe that the 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 AsiaStar 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 AsiaStar fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity AsiaStar fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity AsiaStar fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity AsiaStar Lagged Returns
When evaluating Fidelity AsiaStar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity AsiaStar fund have on its future price. Fidelity AsiaStar 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 AsiaStar autocorrelation shows the relationship between Fidelity AsiaStar fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity AsiaStar Series.
Regressed Prices |
| Timeline |
Pair Trading with Fidelity AsiaStar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity AsiaStar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity AsiaStar will appreciate offsetting losses from the drop in the long position's value.Moving together with Fidelity Fund
| 0.98 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.98 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.93 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.98 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
The ability to find closely correlated positions to Fidelity AsiaStar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity AsiaStar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity AsiaStar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity AsiaStar Series to buy it.
The correlation of Fidelity AsiaStar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity AsiaStar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity AsiaStar Series moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fidelity AsiaStar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fidelity Fund
Fidelity AsiaStar financial ratios help investors to determine whether Fidelity 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 AsiaStar security.
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