Fidelity Canadian Beta vs. Three Year Return
| FCCQ Etf | CAD 39.01 0.17 0.44% |
For Fidelity Canadian profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Fidelity Canadian to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Fidelity Canadian High utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Fidelity Canadian's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Fidelity Canadian High over time as well as its relative position and ranking within its peers.
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Fidelity Canadian High Three Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Canadian's current stock value. Our valuation model uses many indicators to compare Fidelity Canadian value to that of its competitors to determine the firm's financial worth. Fidelity Canadian High is one of the top ETFs in beta as compared to similar ETFs. It also is one of the top ETFs in three year return as compared to similar ETFs reporting about 10.00 of Three Year Return per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Fidelity Canadian by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fidelity Canadian's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Fidelity Three Year Return vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Fidelity Canadian |
| = | 0.9 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Fidelity Canadian |
| = | 9.00 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Fidelity Three Year Return Comparison
Fidelity Canadian is currently under evaluation in three year return as compared to similar ETFs.
Beta Analysis
Fidelity Canadian returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Canadian is expected to follow.
Fidelity Canadian Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Fidelity Canadian, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Fidelity Canadian will eventually generate negative long term returns. The profitability progress is the general direction of Fidelity Canadian's change in net profit over the period of time. It can combine multiple indicators of Fidelity Canadian, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada Canadian High Quality Index . FIDELITY CANADIAN is traded on Toronto Stock Exchange in Canada.
Fidelity Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Fidelity Canadian. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Fidelity Canadian position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Fidelity Canadian's important profitability drivers and their relationship over time.
| Beta vs One Year Return | ||
| Five Year Return vs Three Year Return | ||
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| Equity Positions Weight vs Three Year Return |
Use Fidelity Canadian in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity Canadian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity Canadian will appreciate offsetting losses from the drop in the long position's value.Fidelity Canadian Pair Trading
Fidelity Canadian High Pair Trading Analysis
The ability to find closely correlated positions to Fidelity Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity Canadian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity Canadian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity Canadian High to buy it.
The correlation of Fidelity Canadian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Canadian High moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fidelity Canadian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Fidelity Canadian position
In addition to having Fidelity Canadian in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Corona Opportunity Thematic Idea Now
Corona Opportunity
Firms that are involved in some capacity in making products or providing services to the public to buttle the virus directly or indirectly. This also includes some defencive and contrarian stocks and ETFs that are managing to avoid the big market correction coused by coronavirus. The Corona Opportunity theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Corona Opportunity Theme or any other thematic opportunities.
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Other Information on Investing in Fidelity Etf
To fully project Fidelity Canadian's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Fidelity Canadian High at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Fidelity Canadian's income statement, its balance sheet, and the statement of cash flows.