Fidelity Contrafund Financials
| FCNTX Fund | USD 21.76 0.07 0.32% |
Fidelity |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Fidelity Contrafund Fund Summary
Fidelity Contrafund competes with Fidelity Low-priced, Fidelity Growth, Fidelity Magellan, Fidelity Diversified, and Fidelity Blue. The fund normally invests primarily in common stocks. It invests in securities of companies whose value the advisor believes is not fully recognized by the public. The fund invests in domestic and foreign issuers. It invests in either growth stocks or value stocks or both. The advisor uses fundamental analysis of factors such as each issuers financial condition and industry position, as well as market and economic conditions to select investments.Specialization | Large Growth, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US3160711095 |
| Business Address | Fidelity Contrafund |
| Mutual Fund Family | Fidelity Investments |
| Mutual Fund Category | Large Growth |
| Benchmark | Dow Jones Industrial |
| Phone | 800 544 8544 |
| Currency | USD - US Dollar |
Fidelity Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Contrafund's current stock value. Our valuation model uses many indicators to compare Fidelity Contrafund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity Contrafund competition to find correlations between indicators driving Fidelity Contrafund's intrinsic value. More Info.Fidelity Contrafund is rated # 4 fund in price to earning among similar funds. It also is rated # 4 fund in price to book among similar funds fabricating about 0.16 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Fidelity Contrafund is roughly 6.34 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Fidelity Contrafund's earnings, one of the primary drivers of an investment's value.Fidelity Contrafund Systematic Risk
Fidelity Contrafund's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity Contrafund 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 thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Fidelity Contrafund correlated with the market. If Beta is less than 0 Fidelity Contrafund generally moves in the opposite direction as compared to the market. If Fidelity Contrafund Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity Contrafund is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity Contrafund is generally in the same direction as the market. If Beta > 1 Fidelity Contrafund moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity Contrafund November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity Contrafund help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity Contrafund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Contrafund based on widely used predictive technical indicators. In general, we focus on analyzing Fidelity Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fidelity Contrafund's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.47 |
Other Information on Investing in Fidelity Mutual Fund
Fidelity Contrafund financial ratios help investors to determine whether Fidelity Mutual 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 Contrafund security.
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