Fidelity New Market Risk Adjusted Performance
| FGZMX Fund | | | USD 13.72 -0.07 -0.51% |
Technical inputs supporting the Market Risk Adjusted Performance indicator for Fidelity New Markets are shown here. The information is based on observed market data across timeframes. Diversification context is available through
Investing Opportunities. Diversification context helps frame allocation across holdings. Diversified allocation aims to distribute exposure across multiple positions. This captures an allocation to Fidelity New Markets. This is part of the broader portfolio composition. How positions are weighted depends on the construction approach used. 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 board of governors.
Fidelity New Markets has current Market Risk Adjusted Performance of 0.0466.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.0466 | |
| ER[a] | = | Expected return on investing in Fidelity New |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Market Risk Adjusted Performance Peers Comparison
Market Risk Adjusted Performance Relative To Other Indicators
Fidelity New Markets is rated
below average in market risk adjusted performance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
31.09 of Maximum Drawdown per Market Risk Adjusted Performance. At
31.09 , Fidelity New Markets's Maximum Drawdown-to-Market Risk Adjusted Performance multiple reflects the spread between these metrics
Other Technical Indicators