Fidelity Nordic Fund Manager Performance Evaluation
| FNORX Fund | USD 62.94 0.61 0.98% |
The fund shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Nordic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Nordic is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Fidelity Nordic Fund has generated negative risk-adjusted returns adding no value to fund investors. In spite of latest weak performance, the Fund's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the fund investors.
...more| Expense Ratio Date | 30th of December 2022 | |
| Expense Ratio | 0.8900 |
Fidelity |
Fidelity Nordic Relative Risk vs. Return Landscape
If you would invest 7,164 in Fidelity Nordic Fund on August 26, 2024 and sell it today you would lose (870.00) from holding Fidelity Nordic Fund or give up 12.14% of portfolio value over 90 days. Fidelity Nordic Fund is currently producing negative expected returns and takes up 0.8872% volatility of returns over 90 trading days. Put another way, 7% of traded mutual funds are less volatile than Fidelity, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Fidelity Nordic Current Valuation
Overvalued
Today
Please note that Fidelity Nordic's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Fidelity Nordic shows a prevailing Real Value of $56.33 per share. The current price of the fund is $62.94. We determine the value of Fidelity Nordic 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 Nordic is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Nordic'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 62.94 | Real 56.33 | Hype 62.94 | Naive 62.1 |
The intrinsic value of Fidelity Nordic'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 Nordic'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 Nordic 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 Nordic more accurately as focusing exclusively on Fidelity Nordic's fundamentals will not take into account other important factors: Fidelity Nordic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Nordic's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Nordic Fund, and traders can use it to determine the average amount a Fidelity Nordic'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 = -0.2199
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| Negative Returns | FNORX |
Estimated Market Risk
| 0.89 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.22 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity Nordic is not performing at its full potential. However, 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 Nordic by adding Fidelity Nordic to a well-diversified portfolio.
Fidelity Nordic Fundamentals Growth
Fidelity Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity Nordic, and Fidelity Nordic 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.
| Price To Earning | 16.34 X | ||||
| Price To Book | 1.93 X | ||||
| Price To Sales | 1.49 X | ||||
About Fidelity Nordic Performance
Evaluating Fidelity Nordic's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fidelity Nordic 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 Nordic 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 Danish, Finnish, Norwegian, and Swedish issuers and other investments that are tied economically to the Nordic region. It normally invests primarily in common stocks and allocates investments across different Nordic countries. The fund invests up to 35 percent of total assets in any industry that accounts for more than 20 percent of the Nordic market. It 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 Nordic performance evaluation
Checking the ongoing alerts about Fidelity Nordic for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity Nordic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fidelity Nordic generated a negative expected return over the last 90 days | |
| The fund generated three year return of -2.0% | |
| Fidelity Nordic retains 97.27% of its assets under management (AUM) in equities |
- Analyzing Fidelity Nordic'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 Nordic's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Nordic'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 Nordic's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Nordic's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Nordic's mutual fund. These opinions can provide insight into Fidelity Nordic's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Fidelity Mutual Fund
Fidelity Nordic 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 Nordic security.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |