FIDELITY CAPITAL Total Risk Alpha
| FDCAX Fund | | | USD 45.50 -0.86 -1.86% |
FIDELITY CAPITAL total risk alpha lookup summarizes this and related technical indicators for Fidelity Capital Appreciation. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Use
Investing Opportunities to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Fidelity Capital Appreciation within the portfolio mix. 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 nation.
Fidelity Capital Appreciation has current Total Risk Alpha of 0.0263. 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] |
| = | 0.0263 | |
| ER[a] | = | Expected return on investing in FIDELITY CAPITAL |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on FIDELITY CAPITAL |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
FIDELITY CAPITAL Total Risk Alpha Peers Comparison
FIDELITY Total Risk Alpha Relative To Other Indicators
Fidelity Capital Appreciation is rated
fourth in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
156.76 of Maximum Drawdown per Total Risk Alpha. At
156.76 , Fidelity Capital Appreciation's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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