Fidelity Advanced Equity Fund Market Value
| FAUS Fund | 24.36 0.17 0.70% |
| Symbol | Fidelity |
Fidelity Advanced '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 Advanced'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 Advanced.
| 08/21/2023 |
| 07/11/2025 |
If you would invest 0.00 in Fidelity Advanced on August 21, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Advanced Equity or generate 0.0% return on investment in Fidelity Advanced over 690 days.
Fidelity Advanced 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 Advanced'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 Advanced Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0471 | |||
| Maximum Drawdown | 7.84 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.71 |
Fidelity Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Advanced's standard deviation. In reality, there are many statistical measures that can use Fidelity Advanced historical prices to predict the future Fidelity Advanced's volatility.| Risk Adjusted Performance | 0.3153 | |||
| Jensen Alpha | 0.1744 | |||
| Total Risk Alpha | 0.0713 | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | 0.5679 |
Fidelity Advanced Equity Backtested Returns
Fidelity Advanced appears to be very steady, given 3 months investment horizon. Fidelity Advanced Equity secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the fund had a 0.26 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Advanced Equity, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Advanced's Mean Deviation of 0.92, downside deviation of 1.56, and Coefficient Of Variation of 439.11 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.52, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Advanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Advanced is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Fidelity Advanced Equity has no correlation between past and present. Overlapping area represents the amount of predictability between Fidelity Advanced time series from 21st of August 2023 to 31st of July 2024 and 31st of July 2024 to 11th 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 Advanced Equity price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fidelity Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Advanced Equity lagged returns against current returns
Autocorrelation, which is Fidelity Advanced 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 Advanced's fund expected returns. We can calculate the autocorrelation of Fidelity Advanced returns to help us make a trade decision. For example, suppose you find that Fidelity Advanced 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 Advanced 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 Advanced fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Advanced fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Advanced fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Advanced Lagged Returns
When evaluating Fidelity Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Advanced fund have on its future price. Fidelity Advanced 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 Advanced autocorrelation shows the relationship between Fidelity Advanced fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Advanced Equity.
Regressed Prices |
| Timeline |
Pair Trading with Fidelity Advanced
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 Advanced 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 Advanced will appreciate offsetting losses from the drop in the long position's value.Moving together with Fidelity Fund
| 0.97 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.97 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.97 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.95 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
The ability to find closely correlated positions to Fidelity Advanced 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 Advanced 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 Advanced - 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 Advanced Equity to buy it.
The correlation of Fidelity Advanced 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 Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Advanced Equity 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 Advanced 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.| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
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