Fidelity Summer Street Fund Market Value
| FAPHX Fund | 13.18 0.06 0.46% |
| Symbol | Fidelity |
Fidelity Summer '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 Summer'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 Summer.
| 05/11/2025 |
| 08/09/2025 |
If you would invest 0.00 in Fidelity Summer on May 11, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity Summer Street or generate 0.0% return on investment in Fidelity Summer over 90 days. Fidelity Summer is related to or competes with Fidelity Climate, Fidelity Environmental, Fidelity Water, and Fidelity Covington. More
Fidelity Summer 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 Summer'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 Summer Street upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7064 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.18 |
Fidelity Summer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Summer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Summer's standard deviation. In reality, there are many statistical measures that can use Fidelity Summer historical prices to predict the future Fidelity Summer's volatility.| Risk Adjusted Performance | 0.0678 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0763 |
Fidelity Summer Street Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Summer Street secures Sharpe Ratio (or Efficiency) of 0.0896, which denotes the fund had a 0.0896 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Summer Street, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Summer's Coefficient Of Variation of 1116.53, mean deviation of 0.4918, and Downside Deviation of 0.7064 to check if the risk estimate we provide is consistent with the expected return of 0.0581%. The fund shows a Beta (market volatility) of 0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Summer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Summer is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Fidelity Summer Street has below average predictability. Overlapping area represents the amount of predictability between Fidelity Summer time series from 11th of May 2025 to 25th of June 2025 and 25th of June 2025 to 9th of August 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 Summer Street price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Fidelity Summer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fidelity Summer Street lagged returns against current returns
Autocorrelation, which is Fidelity Summer 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 Summer's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Summer returns to help us make a trade decision. For example, suppose you find that Fidelity Summer 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 Summer 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 Summer mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Summer 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 Summer mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Summer Lagged Returns
When evaluating Fidelity Summer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Summer mutual fund have on its future price. Fidelity Summer 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 Summer autocorrelation shows the relationship between Fidelity Summer mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Summer Street.
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 Summer 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 Summer security.
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