Fidelity Trafund Class Fund Market Value

FCNKX Fund  USD 23.71  0.24  1.02%   
Fidelity Trafund's market value is the price at which a share of Fidelity Trafund trades on a public exchange. It measures the collective expectations of Fidelity Trafund Class investors about its performance. Fidelity Trafund is trading at 23.71 as of the 24th of July 2025; that is 1.02 percent up since the beginning of the trading day. The fund's open price was 23.47.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Trafund Class and determine expected loss or profit from investing in Fidelity Trafund over a given investment horizon. Check out Fidelity Trafund Correlation, Fidelity Trafund Volatility and Fidelity Trafund Alpha and Beta module to complement your research on Fidelity Trafund.
Symbol

Please note, there is a significant difference between Fidelity Trafund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Trafund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Trafund'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 Trafund '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 Trafund'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 Trafund.
0.00
04/25/2025
No Change 0.00  0.0 
In 2 months and 31 days
07/24/2025
0.00
If you would invest  0.00  in Fidelity Trafund on April 25, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity Trafund Class or generate 0.0% return on investment in Fidelity Trafund over 90 days. Fidelity Trafund is related to or competes with Blackrock Government, Franklin Adjustable, and Aig Government. It invests in securities of companies whose value the advisor believes is not fully recognized by the public More

Fidelity Trafund 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 Trafund'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 Trafund Class upside and downside potential and time the market with a certain degree of confidence.

Fidelity Trafund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Trafund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Trafund's standard deviation. In reality, there are many statistical measures that can use Fidelity Trafund historical prices to predict the future Fidelity Trafund's volatility.
Hype
Prediction
LowEstimatedHigh
22.8923.7124.53
Details
Intrinsic
Valuation
LowRealHigh
22.4523.2724.09
Details
Naive
Forecast
LowNextHigh
22.6223.4424.27
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.5623.2523.94
Details

Fidelity Trafund Class Backtested Returns

Fidelity Trafund appears to be very steady, given 3 months investment horizon. Fidelity Trafund Class 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-seven technical indicators for Fidelity Trafund Class, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Trafund's Coefficient Of Variation of 292.26, standard deviation of 0.8247, and Mean Deviation of 0.6095 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Trafund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Trafund is expected to be smaller as well.

Auto-correlation

    
  0.93  

Excellent predictability

Fidelity Trafund Class has excellent predictability. Overlapping area represents the amount of predictability between Fidelity Trafund time series from 25th of April 2025 to 9th of June 2025 and 9th of June 2025 to 24th 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 Trafund Class price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Fidelity Trafund price fluctuation can be explain by its past prices.
Correlation Coefficient0.93
Spearman Rank Test0.87
Residual Average0.0
Price Variance0.19

Fidelity Trafund Class lagged returns against current returns

Autocorrelation, which is Fidelity Trafund 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 Trafund's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Trafund returns to help us make a trade decision. For example, suppose you find that Fidelity Trafund 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 Trafund 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 Trafund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Trafund 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 Trafund mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Fidelity Trafund Lagged Returns

When evaluating Fidelity Trafund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Trafund mutual fund have on its future price. Fidelity Trafund 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 Trafund autocorrelation shows the relationship between Fidelity Trafund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Trafund Class.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Fidelity Mutual Fund

Fidelity Trafund 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 Trafund security.
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