Telecommunications Portfolio Telecommunications Fund Volatility
| FSTCX Fund | USD 65.79 0.49 0.75% |
Over the designated horizon, Telecommunications Portfolio Telecommunications maintains a low volatility profile. Its Sharpe Ratio (Efficiency) stands at 0.17, suggesting positive return efficiency over the last 3 months. We found 27 technical indicators contributing to the current risk picture.
Sharpe Ratio = 0.1659
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| Small Returns | FSTCX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Latest disclosures for Telecommunications Portfolio Telecommunications show a Market Risk Adjusted Performance of 0.4%, a Risk of 1.11, and a Risk Adjusted Performance of 0.1%. Monthly moving average analysis places TELECOMMUNICATIONS at roughly 13% of its prior performance bandwidth. Its effect inside a well-diversified portfolio would be influenced by cross-asset correlation.
Key indicators related to TELECOMMUNICATIONS's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
TELECOMMUNICATIONS's volatility is most commonly measured using the annualized standard deviation of daily returns. This statistical measure reflects the magnitude of TELECOMMUNICATIONS's typical price swings and is a primary input in options pricing models.
TELECOMMUNICATIONS |
Volatility Strategy
Telecommunications Portfolio Telecommunications return fluctuations can modify its marginal contribution to total portfolio variance. Allocation size and correlation determine overall impact. Current statistical measures show total volatility near 1.11% with a beta coefficient of 0.44, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.17, evaluates return per unit of total risk. An alpha value of 0.17 reflects performance relative to systematic market exposure. Expected return estimates near 0.18% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Volatility effects depend on underlying market structure and exposure characteristics.
Main indicators related to TELECOMMUNICATIONS's market risk premium analysis include:
Beta 0.44 | Alpha 0.17 | Risk 1.11 | Sharpe Ratio 0.17 | Expected Return 0.18 |
Moving together with TELECOMMUNICATIONS Mutual Fund
| 0.77 | FPTKX | Fidelity Freedom 2015 | PairCorr |
| 0.88 | FPXTX | Fidelity Pennsylvania | PairCorr |
| 0.7 | FQIFX | Fidelity Freedom Index | PairCorr |
| 0.63 | FQIPX | Fidelity Freedom Index | PairCorr |
| 0.69 | FQLSX | Fidelity Flex Freedom | PairCorr |
| 0.76 | FRBDX | Fidelity Freedom 2070 | PairCorr |
| 0.76 | FRBEX | Fidelity Freedom 2070 | PairCorr |
| 0.76 | FRBHX | Fidelity Freedom 2070 | PairCorr |
| 0.72 | FRBJX | Fidelity Advisor Freedom | PairCorr |
| 0.72 | FRBKX | Fidelity Advisor Freedom | PairCorr |
| 0.71 | FRBLX | Fidelity Advisor Freedom | PairCorr |
| 0.73 | FRBNX | Fidelity Advisor Freedom | PairCorr |
| 0.73 | FRBOX | Fidelity Advisor Freedom | PairCorr |
| 0.73 | FRBPX | Fidelity Advisor Freedom | PairCorr |
| 0.75 | FRBQX | Fidelity Flex Freedom | PairCorr |
| 0.7 | FRBUX | Fidelity Freedom Index | PairCorr |
| 0.63 | FRBVX | Fidelity Freedom Index | PairCorr |
| 0.7 | FRBWX | Fidelity Freedom Index | PairCorr |
| 0.74 | FRBYX | Fidelity Freedom Blend | PairCorr |
| 0.74 | FRBZX | Fidelity Freedom Blend | PairCorr |
| 0.86 | FRAMX | Fidelity Income | PairCorr |
| 0.8 | FRASX | Fidelity Income | PairCorr |
| 0.74 | FRCFX | Fidelity Freedom Blend | PairCorr |
| 0.73 | FRCHX | Fidelity Freedom Blend | PairCorr |
| 0.72 | FRCJX | Fidelity Freedom Blend | PairCorr |
| 0.71 | FRCKX | Fidelity Freedom Blend | PairCorr |
Sensitivity To Market
TELECOMMUNICATIONS'sTelecommunications Portfolio Telecommunications exhibits a beta of 0.44, representing its market-relative sensitivity based on regression modeling. Beta quantifies systematic risk by measuring the slope of asset returns against benchmark returns. Overall return volatility is approximately 1.11%.Volatility metrics for Telecommunications Portfolio Telecommunications describe how stable or unstable returns have been over the selected window. Current downside deviation is about 1.08%. NAV-based funds can show smoother pricing because values are typically updated on a set schedule.
3 Months Beta |Analyze Telecommunications Demand TrendCheck current 90 days TELECOMMUNICATIONS correlation with market (Dow Jones Industrial)Downside Risk
The standard deviation of TELECOMMUNICATIONS measures how widely its daily prices are dispersed around the mean for a given time period. Highly volatile instruments have large standard deviations; stable instruments have small ones.
Standard Deviation | 1.11 |
Standard deviation captures both upside and downside movement in TELECOMMUNICATIONS. However, investors specifically concerned with loss potential should use downside deviation or semi-deviation of TELECOMMUNICATIONS's returns. Latest disclosures for Telecommunications Portfolio Telecommunications show a Downside Deviation of 1.08, a Downside Variance of 1.16, and a Maximum Drawdown of 4.26.
Mutual Fund Volatility Analysis
TELECOMMUNICATIONS fund volatility is a measure of the speed and extent of TELECOMMUNICATIONS's price movements. High volatility generally means the mutual fund price moves dramatically up or down in a short period of time. Low volatility means TELECOMMUNICATIONS's price does not fluctuate dramatically, and tends to be.
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Telecommunications Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
TELECOMMUNICATIONS Projected Return Density Against Market
Assuming a 90-day horizon TELECOMMUNICATIONS has a beta of 0.4394 . This usually indicates as returns on the market go up, TELECOMMUNICATIONS's average returns are expected to increase less than the benchmark. However, during a bear market, the loss from holding Telecommunications Portfolio Telecommunications is expected to be smaller as well.Investors in TELECOMMUNICATIONS face systematic risk from overall mutual fund market trends and unsystematic risk from company or sector-specific developments. Diversification reduces specific exposure, but macro-driven volatility persists. Beta remains a common sensitivity metric. Latest disclosures for Telecommunications Portfolio Telecommunications show a Downside Deviation of 1.08, a Mean Deviation of 0.92, and a Semi Deviation of 0.92.
Predicted Return Density |
| Returns |
What Drives a TELECOMMUNICATIONS Price Volatility?
Several factors can influence a fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Mutual Fund Risk Measures
Assuming a 90-day horizon the coefficient of variation of TELECOMMUNICATIONS is 602.78. The daily returns are distributed with a variance of 1.23 and standard deviation of 1.11. The mean deviation of Telecommunications Portfolio Telecommunications is currently at 0.9. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 0.17 | |
β | Beta against Dow Jones | 0.44 | |
σ | Overall volatility | 1.11 | |
Ir | Information ratio | 0.17 |
Mutual Fund Return Volatility
TELECOMMUNICATIONS historical daily return volatility represents how much of TELECOMMUNICATIONS fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 1.1069% volatility of returns over 90 trading days. By contrast, Dow Jones Industrial accepts 0.792% volatility on return distribution over a 90-day horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between TELECOMMUNICATIONS Mutual Fund performing well and TELECOMMUNICATIONS Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze TELECOMMUNICATIONS's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WLCTX | 0.80 | 0.27 | 0.25 | 0.22 | 0.74 | 1.54 | 14.80 | |||
| DFELX | 0.81 | 0.21 | 0.26 | 0.24 | 0.60 | 0.89 | 17.48 | |||
| DFDPX | 0.70 | -0.14 | 0.00 | -0.21 | 0.00 | 1.27 | 5.05 | |||
| EGIIX | 0.72 | -0.18 | 0.00 | -0.55 | 0.00 | 1.02 | 4.49 | |||
| FACEX | 1.21 | 0.33 | 0.31 | 0.44 | 0.76 | 1.16 | 32.12 | |||
| FWRLX | 0.64 | 0.09 | 0.12 | 0.09 | 0.78 | 1.18 | 3.60 | |||
| MPAIX | 1.33 | -0.14 | 0.00 | -0.17 | 0.00 | 2.41 | 9.23 | |||
| MAPPX | 1.33 | -0.22 | 0.00 | 0.37 | 0.00 | 2.39 | 9.26 | |||
| BACAX | 0.91 | 0.00 | 0.37 | 0.00 | 0.66 | 1.99 | 4.45 | |||
| WEIMX | 0.82 | 0.16 | 0.15 | 0.10 | 0.83 | 2.05 | 4.63 |
Risk Metrics, Assumptions & Methodology
Volatility for TELECOMMUNICATIONS reflects NAV dispersion and exposure stability across disclosure periods. Observed drawdowns appear relatively moderate compared with broader market swings.
For Telecommunications Portfolio Telecommunications, this section uses fund disclosures and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Rifka Kats - Member of Macroaxis Editorial BoardTELECOMMUNICATIONS Investment Opportunity
Measured over the selected horizon, Telecommunications Portfolio Telecommunications carries roughly 1.41 times the return volatility of Dow Jones Industrial. That added volatility may be acceptable only if the position is expected to deliver stronger return efficiency or diversification value.You can use Telecommunications Portfolio Telecommunications to enhance the returns of your portfolios. This directional read frames the latest price swing through a simple momentum and follow-through lens. It is most useful when combined with broader risk controls and position-sizing discipline. a moderate upward volatility. Check odds of TELECOMMUNICATIONS to be traded at $72.37 in 90 days.Average diversification
Across the chosen horizon, FSTCX and DJI show a correlation of 0.16 and fall into the Average diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
TELECOMMUNICATIONS Additional Risk Indicators
Risk analysis around Telecommunications Portfolio Telecommunications becomes more useful when investors review secondary indicators that can confirm, refine, or challenge the basic volatility picture. Used correctly, these measures can support both standalone risk assessment and portfolio-level hedging decisions.
| Risk Adjusted Performance | 0.1168 | |||
| Market Risk Adjusted Performance | 0.3546 | |||
| Mean Deviation | 0.9243 | |||
| Semi Deviation | 0.9183 | |||
| Downside Deviation | 1.08 | |||
| Coefficient Of Variation | 698.59 | |||
| Standard Deviation | 1.13 |
TELECOMMUNICATIONS Suggested Diversification Pairs
Pair trading with TELECOMMUNICATIONS can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against TELECOMMUNICATIONS as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. TELECOMMUNICATIONS's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, TELECOMMUNICATIONS's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Telecommunications Portfolio Telecommunications.