Fidelity Focused Stock Fund Market Value
| FTQGX Fund | USD 39.52 3.60 8.35% |
| Symbol | Fidelity |
Fidelity Focused '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 Focused'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 Focused.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Fidelity Focused on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Fidelity Focused Stock or generate 0.0% return on investment in Fidelity Focused over 720 days. Fidelity Focused is related to or competes with Fidelity Trend, Fidelity Large, Fidelity Growth, Fidelity Mega, and Fidelity Stock. The fund normally invests at least 80 percent of assets in stocks More
Fidelity Focused 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 Focused'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 Focused Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.27 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.49 |
Fidelity Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Focused's standard deviation. In reality, there are many statistical measures that can use Fidelity Focused historical prices to predict the future Fidelity Focused's volatility.| Risk Adjusted Performance | 0.0256 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0304 |
Fidelity Focused Stock Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Focused Stock secures Sharpe Ratio (or Efficiency) of 0.0193, which denotes the fund had a 0.0193% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Focused Stock, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Focused's Downside Deviation of 1.94, coefficient of variation of 3495.85, and Mean Deviation of 0.8362 to check if the risk estimate we provide is consistent with the expected return of 0.0274%. The fund shows a Beta (market volatility) of 1.0, which means possible diversification benefits within a given portfolio. Fidelity Focused returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Focused is expected to follow.
Auto-correlation | 0.78 |
Good predictability
Fidelity Focused Stock has good predictability. Overlapping area represents the amount of predictability between Fidelity Focused time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th of December 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 Focused Stock price movement. The serial correlation of 0.78 indicates that around 78.0% of current Fidelity Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 12.32 |
Fidelity Focused Stock lagged returns against current returns
Autocorrelation, which is Fidelity Focused 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 Focused's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Focused returns to help us make a trade decision. For example, suppose you find that Fidelity Focused 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 Focused 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 Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Focused 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 Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Focused Lagged Returns
When evaluating Fidelity Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Focused mutual fund have on its future price. Fidelity Focused 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 Focused autocorrelation shows the relationship between Fidelity Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Focused Stock.
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 Focused 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 Focused security.
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