Fidelity Canadian Monthly Etf Performance
The etf shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Canadian is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Canadian Monthly are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Fidelity Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
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Fidelity Canadian Relative Risk vs. Return Landscape
If you would invest 1,329 in Fidelity Canadian Monthly on November 28, 2024 and sell it today you would earn a total of 10.00 from holding Fidelity Canadian Monthly or generate 0.75% return on investment over 90 days. Fidelity Canadian Monthly is generating 0.0141% of daily returns and assumes 0.5786% volatility on return distribution over the 90 days horizon. Simply put, 5% of etfs are less volatile than Fidelity, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Fidelity Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Canadian Monthly, and traders can use it to determine the average amount a Fidelity Canadian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0244
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FCMI |
Estimated Market Risk
| 0.58 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Fidelity Canadian is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Canadian by adding it to a well-diversified portfolio.
Fidelity Canadian Fundamentals Growth
Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Canadian, and Fidelity Canadian fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fidelity Etf performance.
| Total Asset | 9.14 M | |||
| Fidelity Canadian is not yet fully synchronised with the market data | |
| Fidelity Canadian has some characteristics of a very speculative penny stock | |
| The fund retains about 16.69% of its assets under management (AUM) in fixed income securities |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Other Tools for Fidelity Etf
When running Fidelity Canadian's price analysis, check to measure Fidelity Canadian's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Canadian is operating at the current time. Most of Fidelity Canadian's value examination focuses on studying past and present price action to predict the probability of Fidelity Canadian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fidelity Canadian's price. Additionally, you may evaluate how the addition of Fidelity Canadian to your portfolios can decrease your overall portfolio volatility.
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