FIDELITY ADVISOR Total Risk Alpha
| FACTX Fund | | | USD 45.40 -0.67 -1.45% |
Historical market data for Fidelity Advisor Health forms the basis of the Total Risk Alpha indicator shown here. The indicator computation uses normalized market activity data. Review
Investing Opportunities to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. This suggests a position in Fidelity Advisor Health. The position sits inside the allocation mix. Position sizing reflects the allocation methodology applied to the portfolio. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in population.
Fidelity Advisor Health has current Total Risk Alpha of
-0.03. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | -0.03 | |
| ER[a] | = | Expected return on investing in FIDELITY ADVISOR |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on FIDELITY ADVISOR |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Fidelity Advisor Health is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare FIDELITY ADVISOR to Peers
Other Technical Indicators