Fidelity Income Replacement Fund Market Value

FIRVX Fund  USD 55.05  0.07  0.13%   
Fidelity Income's market value is the price at which a share of Fidelity Income trades on a public exchange. It measures the collective expectations of Fidelity Income Replacement investors about its performance. Fidelity Income is trading at 55.05 as of the 12th of December 2024; that is 0.13 percent increase since the beginning of the trading day. The fund's open price was 54.98.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Income Replacement and determine expected loss or profit from investing in Fidelity Income over a given investment horizon. Check out Fidelity Income Correlation, Fidelity Income Volatility and Fidelity Income Alpha and Beta module to complement your research on Fidelity Income.
Symbol

Please note, there is a significant difference between Fidelity Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Income'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 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.
0.00
12/18/2023
No Change 0.00  0.0 
In 11 months and 26 days
12/12/2024
0.00
If you would invest  0.00  in Fidelity Income on December 18, 2023 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 360 days. Fidelity Income is related to or competes with Fidelity Income, Fidelity Income, Fidelity Income, and Fidelity Income. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
54.7455.0555.36
Details
Intrinsic
Valuation
LowRealHigh
54.6354.9455.25
Details
Naive
Forecast
LowNextHigh
54.8655.1755.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
54.2054.8655.53
Details

Fidelity Income Repl Backtested Returns

At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Income Repl secures Sharpe Ratio (or Efficiency) of 0.0386, which denotes the fund had a 0.0386% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Income Replacement, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Income's Mean Deviation of 0.2417, downside deviation of 0.3015, and Coefficient Of Variation of 1235.38 to check if the risk estimate we provide is consistent with the expected return of 0.0121%. The fund shows a Beta (market volatility) of 0.21, 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

    
  0.68  

Good predictability

Fidelity Income Replacement has good predictability. Overlapping area represents the amount of predictability between Fidelity Income time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 0.68 indicates that around 68.0% of current Fidelity Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.58
Residual Average0.0
Price Variance0.7

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  

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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.
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