Fidelity Technology Financials
| 0P000070JI | CAD 104.46 0.84 0.80% |
Fidelity |
Please note that past performance is not an indicator of the future performance of Fidelity Technology, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future.
Fidelity Technology Fund Summary
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.| Instrument | Canada Fund View All |
| Exchange | Toronto Exchange |
| Business Address | 483 Bay Street |
| Fund Family | Fidelity Investments Canada ULC |
| Fund Category | Sector Equity |
| Benchmark | Dow Jones Industrial |
| Phone | 800 263 4077 |
| Currency | CAD - Canadian Dollar |
Fidelity Financial Ratios 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.Fidelity Technology Systematic Risk
Fidelity Technology's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity Technology volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on Fidelity Technology correlated with the market. If Beta is less than 0 Fidelity Technology generally moves in the opposite direction as compared to the market. If Fidelity Technology Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity Technology is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity Technology is generally in the same direction as the market. If Beta > 1 Fidelity Technology moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity Technology November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity Technology help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity Technology Innovators. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Technology Innovators based on widely used predictive technical indicators. In general, we focus on analyzing Fidelity Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fidelity Technology's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8263 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.08 |
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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