Fidelity Capital Income Fund Market Value
| FAGIX Fund | USD 9.94 0.02 0.20% |
| Symbol | Fidelity |
Fidelity Capital '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 Capital'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 Capital.
| 11/23/2023 |
| 05/21/2024 |
If you would invest 0.00 in Fidelity Capital on November 23, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Capital Income or generate 0.0% return on investment in Fidelity Capital over 180 days. Fidelity Capital is related to or competes with Vanguard High-yield, Vanguard High-yield, Blackrock, Blackrock High, Blackrock, Blackrock High, and American Funds. The fund invests in equity and debt securities, including defaulted securities, with an emphasis on lower-quality debt s... More
Fidelity Capital 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 Capital'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 Capital Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2549 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 1.24 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.6129 |
Fidelity Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Capital's standard deviation. In reality, there are many statistical measures that can use Fidelity Capital historical prices to predict the future Fidelity Capital's volatility.| Risk Adjusted Performance | 0.0832 | |||
| Jensen Alpha | 0.0131 | |||
| Total Risk Alpha | 0.0028 | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.1031 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Capital'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 Capital Income Backtested Returns
We consider Fidelity Capital very steady. Fidelity Capital Income 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-six technical indicators for Fidelity Capital Income, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Capital's Coefficient Of Variation of 621.46, mean deviation of 0.237, and Standard Deviation of 0.3012 to check if the risk estimate we provide is consistent with the expected return of 0.0574%. The fund shows a Beta (market volatility) of 0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Capital is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Fidelity Capital Income has modest predictability. Overlapping area represents the amount of predictability between Fidelity Capital time series from 23rd of November 2023 to 21st of February 2024 and 21st of February 2024 to 21st of May 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 Capital Income price movement. The serial correlation of 0.52 indicates that about 52.0% of current Fidelity Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fidelity Capital Income lagged returns against current returns
Autocorrelation, which is Fidelity Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Capital returns to help us make a trade decision. For example, suppose you find that Fidelity Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Capital Lagged Returns
When evaluating Fidelity Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Capital mutual fund have on its future price. Fidelity Capital 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 Capital autocorrelation shows the relationship between Fidelity Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Capital Income.
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.Check out Fidelity Capital Correlation, Fidelity Capital Volatility and Fidelity Capital Alpha and Beta module to complement your research on Fidelity Capital. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Fidelity Capital 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.