Fidelity High Dividend Etf Performance

FCUD Etf  CAD 38.51  0.15  0.39%   
The etf shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity High is expected to be smaller as well.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity High Dividend are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Fidelity High 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 Investments Canada ULC Announces Cash Distributions for Certain Fidelity ETFs and ETF Series of Fidelity Mutual Funds - Yahoo Finance
11/20/2024
In Threey Sharp Ratio0.76
  

Fidelity High Relative Risk vs. Return Landscape

If you would invest  3,650  in Fidelity High Dividend on August 25, 2024 and sell it today you would earn a total of  201.00  from holding Fidelity High Dividend or generate 5.51% return on investment over 90 days. Fidelity High Dividend is generating 0.085% of daily returns and assumes 0.5022% volatility on return distribution over the 90 days horizon. Simply put, 4% 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.
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Assuming the 90 days trading horizon Fidelity High is expected to generate 1.33 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.52 times less risky than the market. It trades about 0.17 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.15 of returns per unit of risk over similar time horizon.

Fidelity High Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity High's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity High Dividend, and traders can use it to determine the average amount a Fidelity High'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 = 0.1693

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Estimated Market Risk

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96% of assets are more volatile

Expected Return

 0.09
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99% of assets have higher returns

Risk-Adjusted Return

 0.17
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13
87% of assets perform better
Based on monthly moving average Fidelity High is performing at about 13% 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 High by adding it to a well-diversified portfolio.

Fidelity High Fundamentals Growth

Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity High, and Fidelity High 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 Asset116.26 M

About Fidelity High Performance

By examining Fidelity High's fundamental ratios, stakeholders can obtain critical insights into Fidelity High's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Fidelity High is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
High Dividend Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. FIDELITY is traded on Toronto Stock Exchange in Canada.
When determining whether Fidelity High Dividend is a strong investment it is important to analyze Fidelity High's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fidelity High's future performance. For an informed investment choice regarding Fidelity Etf, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity High Dividend. 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Please note, there is a significant difference between Fidelity High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.