Fidelity Income Replacement Fund Market Value
| FARVX Fund | USD 54.57 0.16 0.29% |
| Symbol | Fidelity |
Fidelity Income '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 Income'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 Income.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Fidelity Income on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Income Replacement or generate 0.0% return on investment in Fidelity Income over 30 days. Fidelity Income is related to or competes with Fidelity Income, Fidelity Asset, Fidelity Income, Telecommunications, and Fidelity Asset. The fund invests in a combination of Fidelity U.S More
Fidelity Income 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 Income'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 Income Replacement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.311 | |||
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.5557 |
Fidelity Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Income's standard deviation. In reality, there are many statistical measures that can use Fidelity Income historical prices to predict the future Fidelity Income's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Income'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 Income Repl Backtested Returns
Fidelity Income Repl secures Sharpe Ratio (or Efficiency) of -0.0198, which denotes the fund had a -0.0198% return per unit of risk over the last 3 months. Fidelity Income Replacement exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Income's Downside Deviation of 0.311, mean deviation of 0.2491, and Coefficient Of Variation of 8324.05 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Income is expected to be smaller as well.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Fidelity Income Replacement has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Income time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 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 Income Repl price movement. The serial correlation of -0.76 indicates that around 76.0% of current Fidelity Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Fidelity Income Repl lagged returns against current returns
Autocorrelation, which is Fidelity Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Income returns to help us make a trade decision. For example, suppose you find that Fidelity Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Income Lagged Returns
When evaluating Fidelity Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Income mutual fund have on its future price. Fidelity Income 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 Income autocorrelation shows the relationship between Fidelity Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Income Replacement.
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 Income 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 Income security.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |