Fidelity Global Modity Fund Price on February 2, 2023
| FFGCX Fund | USD 19.91 0.15 0.76% |
Below is the normalized historical share price chart for Fidelity Global Modity extending back to March 31, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fidelity Global stands at 19.91, as last reported on the 15th of May 2024, with the highest price reaching 19.91 and the lowest price hitting 19.91 during the day.
If you're considering investing in Fidelity Mutual Fund, it is important to understand the factors that can impact its price. Fidelity Global appears to be very steady, given 3 months investment horizon. Fidelity Global Modity secures Sharpe Ratio (or Efficiency) of 0.34, which denotes the fund had a 0.34% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Global Modity, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Global's Coefficient Of Variation of 335.86, mean deviation of 0.6741, and Downside Deviation of 0.9313 to check if our risk estimates are consistent with your expectations.
Fidelity Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Fidelity |
Sharpe Ratio = 0.3383
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Estimated Market Risk
| 0.79 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.34 actual daily | 26 74% of assets perform better |
Based on monthly moving average Fidelity Global is performing at about 26% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Global by adding it to a well-diversified portfolio.
Fidelity Global Valuation on February 2, 2023
It is possible to determine the worth of Fidelity Global on a given historical date. On February 2, 2023 Fidelity was worth 19.74 at the beginning of the trading date compared to the closed value of 19.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fidelity Global mutual fund. Still, in general, we apply an absolute valuation method to find Fidelity Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fidelity Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fidelity Global's related companies.
| Open | High | Low | Close | Volume | |
| 20.20 | 20.20 | 19.78 | 19.78 | 1.00 | |
02/02/2023 | 19.74 | 19.74 | 19.33 | 19.33 | 1.00 |
| 19.58 | 19.58 | 19.17 | 19.17 | 1.00 |
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Fidelity Global Trading Date Momentum on February 2, 2023
| On February 03 2023 Fidelity Global Modity was traded for 19.17 at the closing time. The highest daily price throughout the period was 19.58 and the lowest price was 19.17 . There was no trading activity during the period 1.0. Lack of trading volume on 02/03/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.83% . The overall trading delta to current closing price is 1.76% . |
Fidelity Global Modity Fundamentals Correlations and Trends
By evaluating Fidelity Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fidelity Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fidelity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fidelity Global Mutual Fund history
Fidelity Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fidelity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fidelity Global Modity will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fidelity Global stock prices may prove useful in developing a viable investing in Fidelity Global
The fund invests in securities issued throughout the world. It invests primarily in common stocks. The fund invests at least 80 percent of assets in stocks of companies principally engaged in the energy, metals, and agriculture group of industries. The advisor allocates investments across different countries and regions. The advisor uses fundamental analysis of factors such as each issuers financial condition and industry position, as well as market and economic conditions, to select investments. It is non-diversified.
Fidelity Global Mutual Fund Technical Analysis
Fidelity Global technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Fidelity Global Period Price Range
Low | February 2, 2023
| High |
19.74 | 19.33 |
Fidelity Global May 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Fidelity Global mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fidelity Global shares will generate the highest return on investment. By undertsting and applying Fidelity Global mutual fund market strength indicators, traders can identify Fidelity Global Modity entry and exit signals to maximize returns
Fidelity Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fidelity Global's price direction in advance. Along with the technical and fundamental analysis of Fidelity Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fidelity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1875 | |||
| Jensen Alpha | 0.2653 | |||
| Total Risk Alpha | 0.1516 | |||
| Sortino Ratio | 0.1974 | |||
| Treynor Ratio | (2.10) |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Global Modity. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Fidelity Global Modity information on this page should be used as a complementary analysis to other Fidelity Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.