Fidelity Nordic Net Asset vs. One Year Return
| FNORX Fund | USD 63.45 0.45 0.71% |
For Fidelity Nordic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Fidelity Nordic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Fidelity Nordic Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Fidelity Nordic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Fidelity Nordic Fund over time as well as its relative position and ranking within its peers.
Fidelity |
Fidelity Nordic One Year Return vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Nordic's current stock value. Our valuation model uses many indicators to compare Fidelity Nordic value to that of its competitors to determine the firm's financial worth. Fidelity Nordic Fund is one of the top funds in net asset among similar funds. It also is one of the top funds in one year return among similar funds . The ratio of Net Asset to One Year Return for Fidelity Nordic Fund is about 45,906,559 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Fidelity Nordic's earnings, one of the primary drivers of an investment's value.Fidelity One Year Return vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Fidelity Nordic |
| = | 319.73 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Fidelity Nordic |
| = | 6.96 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Fidelity One Year Return Comparison
Fidelity Nordic is currently under evaluation in one year return among similar funds.
Fidelity Nordic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Fidelity Nordic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Fidelity Nordic will eventually generate negative long term returns. The profitability progress is the general direction of Fidelity Nordic's change in net profit over the period of time. It can combine multiple indicators of Fidelity Nordic, 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 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.
Fidelity Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Fidelity Nordic. 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 Nordic 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 Nordic's important profitability drivers and their relationship over time.
Use Fidelity Nordic 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 Nordic 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 Nordic will appreciate offsetting losses from the drop in the long position's value.Fidelity Nordic Pair Trading
Fidelity Nordic Fund Pair Trading Analysis
The ability to find closely correlated positions to Fidelity Nordic 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 Nordic 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 Nordic - 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 Nordic Fund to buy it.
The correlation of Fidelity Nordic 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 Nordic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Nordic 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 Nordic 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 Nordic position
In addition to having Fidelity Nordic 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 Corporate Bonds Funds Thematic Idea Now
Corporate Bonds Funds
Funds or Etfs investing in different types of corporate debt instruments. The Corporate Bonds Funds theme has 47 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 Corporate Bonds Funds Theme or any other thematic opportunities.
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Other Information on Investing in Fidelity Mutual Fund
To fully project Fidelity Nordic's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Fidelity Nordic 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 Nordic's income statement, its balance sheet, and the statement of cash flows.
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