Fidelity Nordic Fund Market Value
FNORX Fund | USD 67.77 0.61 0.89% |
Symbol | Fidelity |
Fidelity Nordic '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 Nordic'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 Nordic.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Fidelity Nordic on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Nordic Fund or generate 0.0% return on investment in Fidelity Nordic over 30 days. Fidelity Nordic is related to or competes with Fidelity New, Fidelity New, Fidelity Advisor, Fidelity New, Fidelity Advisor, Fidelity Sustainable, and Fidelity Puritan. The fund normally invests at least 80 percent of assets in securities of Danish, Finnish, Norwegian, and Swedish issuers... More
Fidelity Nordic 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 Nordic'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 Nordic Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.7621 | |||
Information Ratio | 0.037 | |||
Maximum Drawdown | 3.89 | |||
Value At Risk | (1.29) | |||
Potential Upside | 1.59 |
Fidelity Nordic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Nordic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Nordic's standard deviation. In reality, there are many statistical measures that can use Fidelity Nordic historical prices to predict the future Fidelity Nordic's volatility.Risk Adjusted Performance | 0.1067 | |||
Jensen Alpha | 0.1502 | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | 0.044 | |||
Treynor Ratio | 2.57 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Nordic'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.
Fidelity Nordic Fund Backtested Returns
We consider Fidelity Nordic very steady. Fidelity Nordic Fund secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Nordic Fund, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Nordic's Mean Deviation of 0.7013, coefficient of variation of 540.18, and Downside Deviation of 0.7621 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.0614, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Nordic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Nordic is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Fidelity Nordic Fund has good reverse predictability. Overlapping area represents the amount of predictability between Fidelity Nordic time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Nordic Fund price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Fidelity Nordic price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.58 | |
Spearman Rank Test | -0.22 | |
Residual Average | 0.0 | |
Price Variance | 0.14 |
Fidelity Nordic Fund lagged returns against current returns
Autocorrelation, which is Fidelity Nordic 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 Nordic's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Nordic returns to help us make a trade decision. For example, suppose you find that Fidelity Nordic 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 Nordic 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 Nordic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Nordic 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 Nordic mutual fund over time.
Current vs Lagged Prices |
Timeline |
Fidelity Nordic Lagged Returns
When evaluating Fidelity Nordic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Nordic mutual fund have on its future price. Fidelity Nordic 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 Nordic autocorrelation shows the relationship between Fidelity Nordic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Nordic Fund.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fidelity Nordic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fidelity Nordic's short interest history, or implied volatility extrapolated from Fidelity Nordic options trading.
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Try AI Portfolio ArchitectCheck out Fidelity Nordic Correlation, Fidelity Nordic Volatility and Fidelity Nordic Alpha and Beta module to complement your research on Fidelity Nordic. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Fidelity Mutual Fund analysis
When running Fidelity Nordic's price analysis, check to measure Fidelity Nordic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Nordic is operating at the current time. Most of Fidelity Nordic's value examination focuses on studying past and present price action to predict the probability of Fidelity Nordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fidelity Nordic's price. Additionally, you may evaluate how the addition of Fidelity Nordic to your portfolios can decrease your overall portfolio volatility.
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