Fidelity Worldwide Fund Market Value

FWIFX Fund  USD 35.06  0.37  1.04%   
Fidelity Worldwide's market value is the price at which a share of Fidelity Worldwide trades on a public exchange. It measures the collective expectations of Fidelity Worldwide Fund investors about its performance. Fidelity Worldwide is trading at 35.06 as of the 29th of December 2024; that is 1.04 percent decrease since the beginning of the trading day. The fund's open price was 35.43.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Worldwide Fund and determine expected loss or profit from investing in Fidelity Worldwide over a given investment horizon. Check out Fidelity Worldwide Correlation, Fidelity Worldwide Volatility and Fidelity Worldwide Alpha and Beta module to complement your research on Fidelity Worldwide.
Symbol

Please note, there is a significant difference between Fidelity Worldwide's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Worldwide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Worldwide'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 Worldwide '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 Worldwide'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 Worldwide.
0.00
11/29/2024
No Change 0.00  0.0 
In 31 days
12/29/2024
0.00
If you would invest  0.00  in Fidelity Worldwide on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Worldwide Fund or generate 0.0% return on investment in Fidelity Worldwide over 30 days. Fidelity Worldwide is related to or competes with Fidelity Advisor, Fidelity International, Fidelity Advisor, and Fidelity Advisor. The fund invests in securities issued throughout the world More

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

Fidelity Worldwide Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Worldwide's standard deviation. In reality, there are many statistical measures that can use Fidelity Worldwide historical prices to predict the future Fidelity Worldwide's volatility.
Hype
Prediction
LowEstimatedHigh
33.2735.0636.85
Details
Intrinsic
Valuation
LowRealHigh
34.0235.8137.60
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Worldwide. Your research has to be compared to or analyzed against Fidelity Worldwide's peers to derive any actionable benefits. When done correctly, Fidelity Worldwide'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 Worldwide.

Fidelity Worldwide Backtested Returns

Fidelity Worldwide secures Sharpe Ratio (or Efficiency) of -0.093, which denotes the fund had a -0.093% return per unit of risk over the last 3 months. Fidelity Worldwide Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Worldwide's Mean Deviation of 0.9124, standard deviation of 1.76, and Variance of 3.11 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.3, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Worldwide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Worldwide is expected to be smaller as well.

Auto-correlation

    
  -0.7  

Very good reverse predictability

Fidelity Worldwide Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Fidelity Worldwide time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 Worldwide price movement. The serial correlation of -0.7 indicates that around 70.0% of current Fidelity Worldwide price fluctuation can be explain by its past prices.
Correlation Coefficient-0.7
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.24

Fidelity Worldwide lagged returns against current returns

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

Fidelity Worldwide Lagged Returns

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

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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 Worldwide 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 Worldwide security.
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