HIX More Downside Than Upside For This CEF - Seeking Alpha
| 0P000075FV | 130.53 0.58 0.44% |
About 62% of Fidelity Canadian's investor base is looking to short. The analysis of overall sentiment of trading Fidelity Canadian Growth fund suggests that many investors are alarmed at this time. The current market sentiment, together with Fidelity Canadian's historical and current headlines, can help investors time the market. In addition, many technical investors use Fidelity Canadian Growth fund news signals to limit their universe of possible portfolio assets.
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HIX More Downside Than Upside For This CEF Seeking Alpha
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Fidelity Canadian Growth Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fidelity Canadian fund to make a market-neutral strategy. Peer analysis of Fidelity Canadian could also be used in its relative valuation, which is a method of valuing Fidelity Canadian by comparing valuation metrics with similar companies.
Peers
Fidelity Canadian Related Equities
| CIQ-UN | Canadian High | 0.00 |
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| RBN-UN | Blue Ribbon | 0.47 |
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| ENI-UN | Energy Income | 0.58 |
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| MID-UN | MINT Income | 0.79 |
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| MMP-UN | Precious Metals | 1.62 |
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Other Information on Investing in Fidelity Fund
Fidelity Canadian 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 Canadian security.
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