Fidelity Canadian Valuation
| FCCD Etf | CAD 31.05 0.08 0.26% |
At this time, the entity appears to be overvalued. Fidelity Canadian High shows a prevailing Real Value of C$28.31 per share. The current price of the entity is C$31.05. Our model computes the value of Fidelity Canadian High from reviewing the entity fundamentals such as Last Dividend Paid of 0.09, equity positions weight of 99.82 %, and One Year Return of 27.10 % as well as analyzing its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Fidelity Canadian's price fluctuation is very steady at this time. Calculation of the real value of Fidelity Canadian High is based on 3 months time horizon. Increasing Fidelity Canadian's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Fidelity Canadian is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Etf. However, Fidelity Canadian'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 31.05 | Real 28.31 | Hype 31.04 | Naive 31.41 |
The intrinsic value of Fidelity Canadian'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 Canadian'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 Canadian High helps investors to forecast how Fidelity etf'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 Canadian more accurately as focusing exclusively on Fidelity Canadian's fundamentals will not take into account other important factors: About Fidelity Canadian Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Fidelity Canadian High. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Fidelity Canadian High based exclusively on its fundamental and basic technical indicators. By analyzing Fidelity Canadian's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Fidelity Canadian's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fidelity Canadian. We calculate exposure to Fidelity Canadian's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Fidelity Canadian's related companies.Fidelity Canadian High Dividend Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada Canadian High Dividend Index. FIDELITY CDN is traded on Toronto Stock Exchange in Canada.
Other Information on Investing in Fidelity Etf
Fidelity Canadian financial ratios help investors to determine whether Fidelity Etf 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.