Fidelity Canada Financials
| FACNX Fund | USD 66.47 0.26 0.39% |
Fidelity |
Please note that past performance is not an indicator of the future performance of Fidelity Canada, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Fidelity Canada Fund Summary
Fidelity Canada competes with Issachar Fund, Franklin Mutual, Ab Centrated, Gavekal Kl, and Tfa Alphagen. The fund normally invests at least 80 percent of assets in securities of Canadian issuers and other investments that are tied economically to Canada. Fidelity Advisor is traded on NASDAQ Exchange in the United States.| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Fidelity Investment Trust |
| Mutual Fund Family | Fidelity Investments |
| Mutual Fund Category | Miscellaneous Region |
| Benchmark | NYSE Composite |
| Phone | 877 208 0098 |
| Currency | USD - US Dollar |
Fidelity Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Canada's current stock value. Our valuation model uses many indicators to compare Fidelity Canada value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity Canada competition to find correlations between indicators driving Fidelity Canada's intrinsic value. More Info.Fidelity Canada Fund is one of the top funds in price to earning among similar funds. It is one of the top funds in price to book among similar funds fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Fidelity Canada Fund is roughly 9.02 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Fidelity Canada by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fidelity Canada's Mutual Fund. 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. 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 Canada's earnings, one of the primary drivers of an investment's value.Fidelity Canada Systematic Risk
Fidelity Canada's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity Canada volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Fidelity Canada correlated with the market. If Beta is less than 0 Fidelity Canada generally moves in the opposite direction as compared to the market. If Fidelity Canada Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity Canada is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity Canada is generally in the same direction as the market. If Beta > 1 Fidelity Canada moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity Canada April 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity Canada help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity Canada Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Canada Fund based on widely used predictive technical indicators. In general, we focus on analyzing Fidelity Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fidelity Canada's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8963 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.25 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Canada Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.