Fidelity Puritan Fund Market Value
| FPUKX Fund | USD 26.89 0.06 0.22% |
| Symbol | Fidelity |
Fidelity Puritan '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 Puritan'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 Puritan.
| 04/07/2024 |
| 10/04/2024 |
If you would invest 0.00 in Fidelity Puritan on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Puritan Fund or generate 0.0% return on investment in Fidelity Puritan over 180 days. Fidelity Puritan is related to or competes with Fidelity Low, Fidelity Contrafund, and Fidelity Capital. The fund invests approximately 60 percent of assets in stocks and other equity securities and the remainder in bonds and... More
Fidelity Puritan 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 Puritan'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 Puritan Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9837 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.3 |
Fidelity Puritan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Puritan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Puritan's standard deviation. In reality, there are many statistical measures that can use Fidelity Puritan historical prices to predict the future Fidelity Puritan's volatility.| Risk Adjusted Performance | 0.0585 | |||
| Jensen Alpha | 0.0472 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 4.27 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Puritan'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 Puritan Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Puritan secures Sharpe Ratio (or Efficiency) of 0.0409, which denotes the fund had a 0.0409% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Puritan Fund, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Puritan's Coefficient Of Variation of 1380.12, mean deviation of 0.5868, and Downside Deviation of 0.9837 to check if the risk estimate we provide is consistent with the expected return of 0.0332%. The fund shows a Beta (market volatility) of 0.0113, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Puritan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Puritan is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Fidelity Puritan Fund has modest predictability. Overlapping area represents the amount of predictability between Fidelity Puritan time series from 7th of April 2024 to 6th of July 2024 and 6th of July 2024 to 4th of October 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 Puritan price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Fidelity Puritan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Fidelity Puritan lagged returns against current returns
Autocorrelation, which is Fidelity Puritan 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 Puritan's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Puritan returns to help us make a trade decision. For example, suppose you find that Fidelity Puritan 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 Puritan 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 Puritan mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Puritan 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 Puritan mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Puritan Lagged Returns
When evaluating Fidelity Puritan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Puritan mutual fund have on its future price. Fidelity Puritan 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 Puritan autocorrelation shows the relationship between Fidelity Puritan mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Puritan Fund.
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 Puritan 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 Puritan security.
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