Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?

To: bob smith who wrote (371)	11/6/1997 12:39:00 PM
From: Larry Dambra	Respond to of 4916

Bob, You're absolutly correct, the correlation is not perfect. What I was really getting at is the values of using Fido Select fund top ten as a indicator on what the Select fund will trade on at the end of the next hour. So..... If you plot the five minute interday of all top ten, you can make a very educated guess on direction of the Select fund price at the end of the hour coming up. One thing that may help improve the correlation is to weight the prices differently, by price (like the DJ30), by value (like the NASDAQ), or by a fixed number of shares (if you could find % shares owned in the fund, sometimes its in the prospectus) Heres a brief example from my spreadsheet for FSESX from yesterday's close. No guarantees on accuracy Open Close Change % Change RIG 57 3/4 58 1/4 1/2 0.87% NE 37 3/16 38 13/16 2.18% EVI 67 7/16 68 13/16 1 3/8 2.04% BHI 48 1/16 49 15/16 1.95% WII 54 1/16 54 - 1/16 -0.12% SLB 92 3/4 94 3/16 1 7/16 1.55% RON 76 1/8 76 5/8 1/2 0.66% DI 44 44 9/16 9/16 1.28% HAL 62 11/16 62 1/8 - 9/16 -0.90% WAI 72 1/16 79 1/8 7 1/16 9.80% Price Weighted 612.125 624.6875 12.5625 2.05% Index Value Weighted $10,000.0 $10,193.1 $ 193.1 1.93% Index FSESX 37.02 37.44 0.42 1.13% Regards, Larry

To: bob smith who wrote (371)	11/6/1997 12:41:00 PM
From: Larry Dambra	Respond to of 4916

Bob, You're absolutly correct, the correlation is not perfect. What I was really getting at is the values of using Fido Select fund top ten as a indicator on what the Select fund will trade on at the end of the next hour. So..... If you plot the five minute interday of all top ten, you can make a very educated guess on direction of the Select fund price at the end of the hour coming up. One thing that may help improve the correlation is to weight the prices differently, by price (like the DJ30), by value, or by a fixed number of shares (if you could find % shares owned in the fund, sometimes its in the prospectus) On the other hand I 'spose it could be cosmic strings also, hmmmm... ;-] Heres a brief example from my spreadsheet for FSESX from yesterday's close. No guarantees on accuracy!!! Open Close Change % Change RIG 57 3/4 58 1/4 1/2 0.87% NE 37 3/16 38 13/16 2.18% EVI 67 7/16 68 13/16 1 3/8 2.04% BHI 48 1/16 49 15/16 1.95% WII 54 1/16 54 - 1/16 -0.12% SLB 92 3/4 94 3/16 1 7/16 1.55% RON 76 1/8 76 5/8 1/2 0.66% DI 44 44 9/16 9/16 1.28% HAL 62 11/16 62 1/8 - 9/16 -0.90% WAI 72 1/16 79 1/8 7 1/16 9.80% Price Weighted 612.125 624.6875 12.5625 2.05% Index Value Weighted $10,000.0 $10,193.1 $ 193.1 1.93% Index FSESX 37.02 37.44 0.42 1.13% Regards, Larry