Fidelity 500 Index Fund Market Value
| FXAIX Fund | USD 208.72 0.79 0.38% |
| Symbol | Fidelity |
Fidelity 500 '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 500'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 500.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Fidelity 500 on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity 500 Index or generate 0.0% return on investment in Fidelity 500 over 540 days. Fidelity 500 is related to or competes with Fidelity Total, Fidelity Extended, Fidelity Zero, Fidelity Small, and Fidelity Nasdaq. The fund normally invests at least 80 percent of assets in common stocks included in the SP 500 Index, which broadly rep... More
Fidelity 500 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 500'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 500 Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8285 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.17 |
Fidelity 500 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity 500's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity 500's standard deviation. In reality, there are many statistical measures that can use Fidelity 500 historical prices to predict the future Fidelity 500's volatility.| Risk Adjusted Performance | 0.1052 | |||
| Jensen Alpha | (0.001) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1142 |
Fidelity 500 Index Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity 500 Index secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity 500 Index, which you can use to evaluate the volatility of the entity. Please confirm Fidelity 500's Mean Deviation of 0.5498, downside deviation of 0.8285, and Coefficient Of Variation of 728.3 to check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity 500's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity 500 is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Fidelity 500 Index has good predictability. Overlapping area represents the amount of predictability between Fidelity 500 time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 500 Index price movement. The serial correlation of 0.71 indicates that around 71.0% of current Fidelity 500 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 95.42 |
Fidelity 500 Index lagged returns against current returns
Autocorrelation, which is Fidelity 500 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 500's mutual fund expected returns. We can calculate the autocorrelation of Fidelity 500 returns to help us make a trade decision. For example, suppose you find that Fidelity 500 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 500 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 500 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity 500 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 500 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity 500 Lagged Returns
When evaluating Fidelity 500's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity 500 mutual fund have on its future price. Fidelity 500 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 500 autocorrelation shows the relationship between Fidelity 500 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity 500 Index.
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 500 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 500 security.
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