Fidelity Small Total Risk Alpha
| FISVX Fund | | | USD 28.60 -0.53 -1.82% |
Historical market data for Fidelity Small Cap forms the basis of the Total Risk Alpha indicator shown here. The indicator computation uses normalized market activity data. Market data gaps can influence the computed indicator values.
Investing Opportunities provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. The portfolio structure determines how individual positions contribute to the whole. This includes a position in Fidelity Small Cap. The allocation reflects this within the position set. Each holding is sized according to the 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 small area income & poverty estimates.
Fidelity Small Cap has current Total Risk Alpha of 0.1134. 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] |
| = | 0.1134 | |
| ER[a] | = | Expected return on investing in Fidelity Small |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fidelity Small |
| 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 Small Cap is rated
fourth in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
43.71 of Maximum Drawdown per Total Risk Alpha. At
43.71 , Fidelity Small Cap'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.
Compare Fidelity Small to Peers
Other Technical Indicators