Fidelity Sustainable Mutual Fund Forward View - Simple Moving Average
| FSYJX Fund | USD 12.21 -0.44 -3.48% |
This reference view applies Simple Moving Average to Fidelity Sustainable Emerging's historical closing prices. The resulting forecast and deviation statistics are presented as reference data for informational context.
The Simple Moving Average forecasted value of Fidelity Sustainable Emerging on the next trading day is expected to be 12.21 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.63.The simple moving average model is conceptually a linear regression of the current value of Fidelity Sustainable Emerging price series against current and previous (unobserved) value of Fidelity Sustainable. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future The Simple Moving Average projections for Fidelity Sustainable Emerging are reference data based on historical daily prices and are provided as informational context. Simple Moving Average Price Forecast For the 23rd of March
Given 90 days horizon, the Simple Moving Average forecasted value of Fidelity Sustainable Emerging on the next trading day is expected to be 12.21 with a mean absolute deviation of 0.16 , mean absolute percentage error of 0.05 , and the sum of the absolute errors of 9.63 .Please note that although there have been many attempts to predict Fidelity Mutual Fund prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Fidelity Sustainable's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mutual Fund Forecast Pattern
| Backtest Fidelity Sustainable | Fidelity Sustainable Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Fidelity Sustainable's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 10.78 and upside near 13.64.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Fidelity Sustainable mutual fund data series using in forecasting. Note that when a statistical model is used to represent Fidelity Sustainable mutual fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 111.3528 |
| Bias | Arithmetic mean of the errors | -0.014 |
| MAD | Mean absolute deviation | 0.1633 |
| MAPE | Mean absolute percentage error | 0.0128 |
| SAE | Sum of the absolute errors | 9.635 |
Other Forecasting Options for Fidelity Sustainable
The price behavior of Fidelity is a primary concern for any investor, beginner or expert, evaluating it as an investment. Fidelity Mutual Fund price charts can be cluttered with noise that obscures the underlying trend.Fidelity Sustainable Related Equities
The following equities are related to Fidelity Sustainable within the Diversified Emerging Mkts space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Fidelity Sustainable against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Fidelity Sustainable Market Strength Events
Evaluating the market strength of Fidelity Sustainable mutual fund allows investors to gauge how the security tracks and reacts to shifts in market momentum. These indicators are particularly useful for traders seeking optimal timing for positions in Fidelity Sustainable Emerging.
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 12.21 | |||
| Day Typical Price | 12.21 | |||
| Price Action Indicator | -0.22 | |||
| Period Momentum Indicator | -0.44 | |||
| Relative Strength Index | 43.7 |
Fidelity Sustainable Risk Indicators
Understanding Fidelity Sustainable's risk indicators is essential for any investor seeking to forecast its future price with reasonable accuracy. Quantifying the risk involved in Fidelity Sustainable's allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 1.01 | |||
| Semi Deviation | 1.58 | |||
| Standard Deviation | 1.4 | |||
| Variance | 1.97 | |||
| Downside Variance | 2.8 | |||
| Semi Variance | 2.49 | |||
| Expected Short fall | -1.01 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Fidelity Sustainable
Story coverage around Fidelity Sustainable Emerging often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
Other Macroaxis Stories
Macroaxis publishes story content for a diverse readership that includes finance students, independent investors, money managers, and market-focused operating teams. What connects that audience is a focus on building stronger portfolios through better research, risk awareness, and comparative analysis.