Fidelity Advisor Freedom Fund Market Value

FFFZX Fund  USD 13.61  0.09  0.67%   
Fidelity Advisor's market value is the price at which a share of Fidelity Advisor trades on a public exchange. It measures the collective expectations of Fidelity Advisor Freedom investors about its performance. Fidelity Advisor is trading at 13.61 as of the 23rd of December 2024; that is 0.67% up since the beginning of the trading day. The fund's open price was 13.52.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Advisor Freedom and determine expected loss or profit from investing in Fidelity Advisor over a given investment horizon. Check out Fidelity Advisor Correlation, Fidelity Advisor Volatility and Fidelity Advisor Alpha and Beta module to complement your research on Fidelity Advisor.
Symbol

Please note, there is a significant difference between Fidelity Advisor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Advisor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Advisor'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 Advisor '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 Advisor'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 Advisor.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in Fidelity Advisor on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Advisor Freedom or generate 0.0% return on investment in Fidelity Advisor over 30 days. Fidelity Advisor is related to or competes with Praxis Growth, Artisan Small, Crafword Dividend, Qs Growth, Vy Baron, Tfa Alphagen, and Franklin Growth. The fund invests primarily in a combination of Fidelity U.S More

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

Fidelity Advisor Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Advisor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Advisor's standard deviation. In reality, there are many statistical measures that can use Fidelity Advisor historical prices to predict the future Fidelity Advisor's volatility.
Hype
Prediction
LowEstimatedHigh
12.9713.6114.25
Details
Intrinsic
Valuation
LowRealHigh
13.0313.6714.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Advisor. Your research has to be compared to or analyzed against Fidelity Advisor's peers to derive any actionable benefits. When done correctly, Fidelity Advisor's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fidelity Advisor Freedom.

Fidelity Advisor Freedom Backtested Returns

Fidelity Advisor Freedom secures Sharpe Ratio (or Efficiency) of -0.0481, which denotes the fund had a -0.0481% return per unit of risk over the last 3 months. Fidelity Advisor Freedom exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Advisor's Variance of 0.4137, standard deviation of 0.6432, and Mean Deviation of 0.4824 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.6, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Advisor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Advisor is expected to be smaller as well.

Auto-correlation

    
  -0.84  

Excellent reverse predictability

Fidelity Advisor Freedom has excellent reverse predictability. Overlapping area represents the amount of predictability between Fidelity Advisor time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Advisor Freedom price movement. The serial correlation of -0.84 indicates that around 84.0% of current Fidelity Advisor price fluctuation can be explain by its past prices.
Correlation Coefficient-0.84
Spearman Rank Test-0.9
Residual Average0.0
Price Variance0.05

Fidelity Advisor Freedom lagged returns against current returns

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

Fidelity Advisor Lagged Returns

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

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Other Information on Investing in Fidelity Mutual Fund

Fidelity Advisor 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 Advisor security.
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