FIDELITY MID Total Risk Alpha
| FSMVX Fund | | | USD 30.77 -0.71 -2.26% |
Observed values used in the Total Risk Alpha indicator for Fidelity Mid Cap are included in this dataset. The information is based on observed market data across timeframes. Data coverage may vary across sources and reporting intervals.
Investing Opportunities provides a view into diversified allocation design. Understanding allocation structure supports portfolio context. Diversification context is built from the relationships between portfolio holdings. No forward-looking guarantees are expressed or implied by this data. A position in Fidelity Mid Cap is part of the allocation. This appears in the portfolio view. Portfolio construction methods define how positions are sized. This dataset reflects observed data and is not advisory in nature. 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 manufacturing.
Fidelity Mid Cap has current Total Risk Alpha of 0.1257. 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] |
| = | 0.1257 | |
| ER[a] | = | Expected return on investing in FIDELITY MID |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on FIDELITY MID |
| 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 Mid Cap is rated
third in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
40.56 of Maximum Drawdown per Total Risk Alpha. At
40.56 , Fidelity Mid 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 MID to Peers
Other Technical Indicators