Fidelity Technology Financial Statements From 2010 to 2024
| 0P000070JI | CAD 104.46 0.84 0.80% |
Check Fidelity Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fidelity Technology's main balance sheet or income statement drivers, such as , as well as many indicators such as . Fidelity financial statements analysis is a perfect complement when working with Fidelity Technology Valuation or Volatility modules.
Fidelity |
Fidelity Technology Innovators Fund Net Asset Analysis
Fidelity Technology's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Fidelity Technology Net Asset | 237.51 M |
Most of Fidelity Technology's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fidelity Technology Innovators is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, Fidelity Technology Innovators has a Net Asset of 237.51 M. This is 88.18% lower than that of the Fidelity Investments Canada ULC family and significantly higher than that of the Sector Equity category. The net asset for all Canada funds is notably lower than that of the firm.
Fidelity Technology Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Technology's current stock value. Our valuation model uses many indicators to compare Fidelity Technology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity Technology competition to find correlations between indicators driving Fidelity Technology's intrinsic value. More Info.Fidelity Technology Innovators is fifth largest fund in one year return among similar funds. It also is fifth largest fund in three year return among similar funds reporting about 1.25 of Three Year Return per One Year Return. Comparative valuation analysis is a catch-all model that can be used if you cannot value Fidelity Technology by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fidelity Technology's Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Fidelity Technology Financial Statements
Fidelity Technology stakeholders use historical fundamental indicators, such as Fidelity Technology's revenue or net income, to determine how well the company is positioned to perform in the future. Although Fidelity Technology investors may analyze each financial statement separately, they are all interrelated. For example, changes in Fidelity Technology's assets and liabilities are reflected in the revenues and expenses on Fidelity Technology's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Fidelity Technology Innovators. Please read more on our technical analysis and fundamental analysis pages.
It invests primarily in equity securities of companies anywhere in the world that are positioned to benefit from advances in technology. Fidelity Technology is traded on Toronto Stock Exchange in Canada.
Pair Trading with Fidelity Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Fidelity Fund
| 0.9 | 0P0001FKWD | CI Signature Cat | PairCorr |
| 0.9 | 0P0001AAKP | CI Signature Cat | PairCorr |
| 0.86 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.97 | 0P0000733H | RBC Global Technology | PairCorr |
Moving against Fidelity Fund
| 0.79 | 0P000070H9 | CI Global Health | PairCorr |
The ability to find closely correlated positions to Fidelity Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity Technology Innovators to buy it.
The correlation of Fidelity Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fidelity Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fidelity Fund
Fidelity Technology financial ratios help investors to determine whether Fidelity Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Technology security.
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