Fidelity California Limited Fund Market Value

FCSTX Fund  USD 10.36  0.02  0.19%   
Fidelity California's market value is the price at which a share of Fidelity California trades on a public exchange. It measures the collective expectations of Fidelity California Limited investors about its performance. Fidelity California is trading at 10.36 as of the 15th of December 2024; that is 0.19 percent decrease since the beginning of the trading day. The fund's open price was 10.38.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity California Limited and determine expected loss or profit from investing in Fidelity California over a given investment horizon. Check out Fidelity California Correlation, Fidelity California Volatility and Fidelity California Alpha and Beta module to complement your research on Fidelity California.
Symbol

Please note, there is a significant difference between Fidelity California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Fidelity California '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 California'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 California.
0.00
11/15/2024
No Change 0.00  0.0 
In 31 days
12/15/2024
0.00
If you would invest  0.00  in Fidelity California on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity California Limited or generate 0.0% return on investment in Fidelity California over 30 days. Fidelity California is related to or competes with Fidelity California, Fidelity Limited, Fidelity Pennsylvania, Fidelity Necticut, and Fidelity Tax. The fund normally invests at least 80 percent of assets in investment-grade municipal debt securities whose interest is ... More

Fidelity California 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 California'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 California Limited upside and downside potential and time the market with a certain degree of confidence.

Fidelity California Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity California's standard deviation. In reality, there are many statistical measures that can use Fidelity California historical prices to predict the future Fidelity California's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity California'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.
Hype
Prediction
LowEstimatedHigh
10.2310.3610.49
Details
Intrinsic
Valuation
LowRealHigh
10.0210.1511.40
Details
Naive
Forecast
LowNextHigh
10.2210.3510.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.3110.3710.43
Details

Fidelity California Backtested Returns

Fidelity California secures Sharpe Ratio (or Efficiency) of -0.0338, which denotes the fund had a -0.0338% return per unit of risk over the last 3 months. Fidelity California Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity California's Mean Deviation of 0.0833, variance of 0.0166, and Standard Deviation of 0.129 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0346, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity California are expected to decrease at a much lower rate. During the bear market, Fidelity California is likely to outperform the market.

Auto-correlation

    
  -0.9  

Excellent reverse predictability

Fidelity California Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Fidelity California 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 California price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Fidelity California price fluctuation can be explain by its past prices.
Correlation Coefficient-0.9
Spearman Rank Test-0.31
Residual Average0.0
Price Variance0.0

Fidelity California lagged returns against current returns

Autocorrelation, which is Fidelity California 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 California's mutual fund expected returns. We can calculate the autocorrelation of Fidelity California returns to help us make a trade decision. For example, suppose you find that Fidelity California 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 California 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 California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity California 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 California mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Fidelity California Lagged Returns

When evaluating Fidelity California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity California mutual fund have on its future price. Fidelity California 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 California autocorrelation shows the relationship between Fidelity California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity California Limited.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Fidelity Mutual Fund

Fidelity California 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 California security.
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