Fidelity Vertible Securities Fund Market Value
| FCCVX Fund | USD 37.48 0.10 0.27% |
| Symbol | Fidelity |
Fidelity Convertible '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 Convertible'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 Convertible.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Fidelity Convertible on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Vertible Securities or generate 0.0% return on investment in Fidelity Convertible over 90 days. Fidelity Convertible is related to or competes with Metropolitan West, Alliancebernstein, Franklin High, Pioneer High, Artisan High, Lgm Risk, and Needham Aggressive. The fund normally invests at least 80 percent of assets in convertible securities, which are often lower-quality debt se... More
Fidelity Convertible 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 Convertible'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 Vertible Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5283 | |||
| Information Ratio | 0.0848 | |||
| Maximum Drawdown | 2.26 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 1.02 |
Fidelity Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Convertible's standard deviation. In reality, there are many statistical measures that can use Fidelity Convertible historical prices to predict the future Fidelity Convertible's volatility.| Risk Adjusted Performance | 0.2478 | |||
| Jensen Alpha | 0.1027 | |||
| Total Risk Alpha | 0.0813 | |||
| Sortino Ratio | 0.0906 | |||
| Treynor Ratio | 0.3079 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Convertible'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 Convertible Backtested Returns
Fidelity Convertible appears to be very steady, given 3 months investment horizon. Fidelity Convertible secures Sharpe Ratio (or Efficiency) of 0.38, which denotes the fund had a 0.38% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Vertible Securities, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Convertible's Coefficient Of Variation of 304.14, downside deviation of 0.5283, and Mean Deviation of 0.4399 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Convertible is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Fidelity Vertible Securities has very good predictability. Overlapping area represents the amount of predictability between Fidelity Convertible time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Convertible price movement. The serial correlation of 0.85 indicates that around 85.0% of current Fidelity Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Fidelity Convertible lagged returns against current returns
Autocorrelation, which is Fidelity Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Convertible returns to help us make a trade decision. For example, suppose you find that Fidelity Convertible 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 Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Convertible 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 Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Convertible Lagged Returns
When evaluating Fidelity Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Convertible mutual fund have on its future price. Fidelity Convertible 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 Convertible autocorrelation shows the relationship between Fidelity Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Vertible Securities.
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 Convertible 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 Convertible security.
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