Fidelity Select Total Risk Alpha
| FSELX Fund | | | USD 46.15 -1.34 -2.82% |
This dataset for Fidelity Select Semiconductors reflects inputs used in the Total Risk Alpha calculation. All values reflect available price and volume data across reporting intervals. Data availability for the calculation period determines indicator completeness. Review
Investing Opportunities to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. Portfolio construction reflects how positions are combined across holdings. This captures an allocation to Fidelity Select Semiconductors. It is represented within the portfolio holdings. The allocation framework shapes how individual positions are weighted. All content is derived from available inputs and carries no advisory implication. 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 state.
Fidelity Select Semiconductors has current Total Risk Alpha of 0.4028. 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] |
| = | 0.4028 | |
| ER[a] | = | Expected return on investing in Fidelity Select |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fidelity Select |
| 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 Select Semiconductors ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
25.48 of Maximum Drawdown per Total Risk Alpha. At
25.48 , Fidelity Select Semiconductors'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 Select to Peers
Other Technical Indicators