Fidelity Technology Innovators Fund Buy Hold or Sell Recommendation
| 0P000070JI | CAD 104.46 0.82 0.79% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Fidelity Technology Innovators is 'Cautious Hold'. Macroaxis provides Fidelity Technology buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding 0P000070JI positions.
Check out Fidelity Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Fidelity and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Fidelity Technology Innovators. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Fidelity |
Execute Fidelity Technology Buy or Sell Advice
The Fidelity recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Fidelity Technology Innovators. Macroaxis does not own or have any residual interests in Fidelity Technology Innovators or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Fidelity Technology's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details |
Fidelity Technology Trading Alerts and Improvement Suggestions
| The fund holds 97.9% of its total net assets in equities |
Fidelity Technology Returns Distribution Density
The distribution of Fidelity Technology's historical returns is an attempt to chart the uncertainty of Fidelity Technology's future price movements. The chart of the probability distribution of Fidelity Technology daily returns describes the distribution of returns around its average expected value. We use Fidelity Technology Innovators price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Fidelity Technology returns is essential to provide solid investment advice for Fidelity Technology.
| Mean Return | 0.11 | Value At Risk | -1.23 | Potential Upside | 1.08 | Standard Deviation | 0.79 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Fidelity Technology historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Fidelity Technology Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Fidelity Technology or Fidelity Investments Canada ULC sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Fidelity Technology's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Fidelity fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 0.80 | |
Ir | Information ratio | -0.03 |
Fidelity Technology Volatility Alert
Fidelity Technology Innovators has low volatility with Treynor Ratio of 0.76, Maximum Drawdown of 3.54 and kurtosis of 0.56. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Fidelity Technology's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Fidelity Technology's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Fidelity Technology Fundamentals Vs Peers
Comparing Fidelity Technology's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Fidelity Technology's direct or indirect competition across all of the common fundamentals between Fidelity Technology and the related equities. This way, we can detect undervalued stocks with similar characteristics as Fidelity Technology or determine the funds which would be an excellent addition to an existing portfolio. Peer analysis of Fidelity Technology's fundamental indicators could also be used in its relative valuation, which is a method of valuing Fidelity Technology by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Fidelity Technology to competition |
| Fundamentals | Fidelity Technology | Peer Average |
| One Year Return | 13.51 % | 4.15 % |
| Three Year Return | 16.83 % | 3.60 % |
| Five Year Return | 19.80 % | 3.24 % |
| Ten Year Return | 17.52 % | 1.79 % |
| Net Asset | 237.51 M | 4.11 B |
| Minimum Initial Investment | 500 | 976.16 K |
| Cash Position Weight | 2.05 % | 10.61 % |
| Equity Positions Weight | 97.90 % | 63.90 % |
| Bond Positions Weight | 0.05 % | 11.24 % |
Fidelity Technology Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Fidelity . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 104.46 | |||
| Day Typical Price | 104.46 | |||
| Price Action Indicator | 0.41 | |||
| Period Momentum Indicator | 0.82 | |||
| Relative Strength Index | 82.21 |
About Fidelity Technology Buy or Sell Advice
When is the right time to buy or sell Fidelity Technology Innovators? Buying financial instruments such as Fidelity Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Fidelity Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Steel Works Etc Thematic Idea Now
Steel Works Etc
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Steel Works Etc theme has 54 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Steel Works Etc Theme or any other thematic opportunities.
| View All Next | Launch |
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.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |