Fidelity Canada Fund Manager Performance Evaluation
| FIQEX Fund | USD 74.63 0.49 0.66% |
The fund shows a Beta (market volatility) of 0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Canada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Canada is expected to be smaller as well.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Canada Fund are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Fidelity Canada may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more| Expense Ratio | 0.8900 |
Fidelity |
Fidelity Canada Relative Risk vs. Return Landscape
If you would invest 6,990 in Fidelity Canada Fund on September 2, 2024 and sell it today you would earn a total of 473.00 from holding Fidelity Canada Fund or generate 6.77% return on investment over 90 days. Fidelity Canada Fund is currently producing 0.1044% returns and takes up 0.6398% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Fidelity, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Fidelity Canada Current Valuation
Fairly Valued
Today
Please note that Fidelity Canada's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Fidelity Canada shows a prevailing Real Value of $73.92 per share. The current price of the fund is $74.63. We determine the value of Fidelity Canada from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Fidelity Canada is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Canada's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 74.63 | Real 73.92 | Hype 74.63 | Naive 74.83 |
The intrinsic value of Fidelity Canada's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Fidelity Canada's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Fidelity Canada Fund helps investors to forecast how Fidelity mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Fidelity Canada more accurately as focusing exclusively on Fidelity Canada's fundamentals will not take into account other important factors: Fidelity Canada Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Canada's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Canada Fund, and traders can use it to determine the average amount a Fidelity Canada'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 = 0.1631
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | FIQEX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.64 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Fidelity Canada is performing at about 12% 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 Canada by adding it to a well-diversified portfolio.
Fidelity Canada Fundamentals Growth
Fidelity Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity Canada, and Fidelity Canada 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 Mutual Fund performance.
| Total Asset | 887.36 M | ||||
About Fidelity Canada Performance
Evaluating Fidelity Canada's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fidelity Canada has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fidelity Canada has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of assets in securities of Canadian issuers and other investments that are tied economically to Canada. It invests potentially in securities of U.S. issuers. The fund normally invests primarily in common stocks. It invests up to 35 percent of total assets in any industry that accounts for more than 20 percent of the Canadian market. The fund uses fundamental analysis of factors such as each issuers financial condition and industry position, as well as market and economic conditions, to select investments.Things to note about Fidelity Canada performance evaluation
Checking the ongoing alerts about Fidelity Canada for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity Canada help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains 99.61% of its assets under management (AUM) in equities |
- Analyzing Fidelity Canada's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fidelity Canada's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Canada's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Fidelity Canada's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Canada's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Canada's mutual fund. These opinions can provide insight into Fidelity Canada's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Fidelity Mutual Fund
Fidelity Canada 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 Canada security.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |