Fidelity New Millennium Fund Probability of Future Mutual Fund Price Finishing Under 62.72

FMILX Fund  USD 63.27  0.18  0.29%   
Fidelity New's future price is the expected price of Fidelity New instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Fidelity New Millennium performance during a given time horizon utilizing its historical volatility. Check out Fidelity New Backtesting, Portfolio Optimization, Fidelity New Correlation, Fidelity New Hype Analysis, Fidelity New Volatility, Fidelity New History as well as Fidelity New Performance.
  
Please specify Fidelity New's target price for which you would like Fidelity New odds to be computed.

Fidelity New Target Price Odds to finish below 62.72

The tendency of Fidelity Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 62.72  or more in 90 days
 63.27 90 days 62.72 
about 91.06
Based on a normal probability distribution, the odds of Fidelity New to drop to $ 62.72  or more in 90 days from now is about 91.06 (This Fidelity New Millennium probability density function shows the probability of Fidelity Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Fidelity New Millennium price to stay between $ 62.72  and its current price of $63.27 at the end of the 90-day period is under 4.
Assuming the 90 days horizon Fidelity New has a beta of 0.0629. This usually indicates as returns on the market go up, Fidelity New average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fidelity New Millennium will be expected to be much smaller as well. Additionally Fidelity New Millennium has an alpha of 0.1153, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Fidelity New Price Density   
       Price  

Predictive Modules for Fidelity New

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fidelity New Millennium. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
62.5563.3064.05
Details
Intrinsic
Valuation
LowRealHigh
61.6162.3669.60
Details
Naive
Forecast
LowNextHigh
62.7263.4664.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
61.8762.5563.23
Details

Fidelity New Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Fidelity New is not an exception. The market had few large corrections towards the Fidelity New's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Fidelity New Millennium, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fidelity New within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.12
β
Beta against Dow Jones0.06
σ
Overall volatility
2.01
Ir
Information ratio -0.02

Fidelity New Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Fidelity New for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fidelity New Millennium can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Latest headline from news.google.com: Is Fidelity New Millennium a Strong Mutual Fund Pick Right Now - MSN
The fund retains 95.61% of its assets under management (AUM) in equities

Fidelity New Technical Analysis

Fidelity New's future price can be derived by breaking down and analyzing its technical indicators over time. Fidelity Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fidelity New Millennium. In general, you should focus on analyzing Fidelity Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.

Fidelity New Predictive Forecast Models

Fidelity New's time-series forecasting models is one of many Fidelity New's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Fidelity New's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.

Things to note about Fidelity New Millennium

Checking the ongoing alerts about Fidelity New for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fidelity New Millennium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Latest headline from news.google.com: Is Fidelity New Millennium a Strong Mutual Fund Pick Right Now - MSN
The fund retains 95.61% of its assets under management (AUM) in equities

Other Information on Investing in Fidelity Mutual Fund

Fidelity New 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 New security.
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