Fidelity Canada Fund Alpha and Beta Analysis

FTCNX Fund  USD 66.70  0.07  0.11%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Fidelity Canada Fund. It also helps investors analyze the systematic and unsystematic risks associated with investing in Fidelity Canada over a specified time horizon. Remember, high Fidelity Canada's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Fidelity Canada's market risk premium analysis include:
Beta
1.23
Alpha
(0.09)
Risk
0.82
Sharpe Ratio
0.0835
Expected Return
0.0687
Please note that although Fidelity Canada alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Fidelity Canada did 0.09  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Fidelity Canada Fund fund's relative risk over its benchmark. Fidelity Canada Fund has a beta of 1.23  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Canada will likely underperform. .
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Fidelity Canada Backtesting, Portfolio Optimization, Fidelity Canada Correlation, Fidelity Canada Hype Analysis, Fidelity Canada Volatility, Fidelity Canada History and analyze Fidelity Canada Performance.

Fidelity Canada Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Fidelity Canada market risk premium is the additional return an investor will receive from holding Fidelity Canada long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Canada. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Fidelity Canada's performance over market.
α-0.09   β1.23

Fidelity Canada expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Fidelity Canada's Buy-and-hold return. Our buy-and-hold chart shows how Fidelity Canada performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Fidelity Canada Market Price Analysis

Market price analysis indicators help investors to evaluate how Fidelity Canada mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fidelity Canada shares will generate the highest return on investment. By understating and applying Fidelity Canada mutual fund market price indicators, traders can identify Fidelity Canada position entry and exit signals to maximize returns.

Fidelity Canada Return and Market Media

 Price Growth (%)  
       Timeline  

About Fidelity Canada Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Fidelity or other funds. Alpha measures the amount that position in Fidelity Canada Fund has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fidelity Canada in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fidelity Canada's short interest history, or implied volatility extrapolated from Fidelity Canada options trading.

Build Portfolio with Fidelity Canada

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check out Fidelity Canada Backtesting, Portfolio Optimization, Fidelity Canada Correlation, Fidelity Canada Hype Analysis, Fidelity Canada Volatility, Fidelity Canada History and analyze Fidelity Canada Performance.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for Fidelity Mutual Fund analysis

When running Fidelity Canada's price analysis, check to measure Fidelity Canada's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Canada is operating at the current time. Most of Fidelity Canada's value examination focuses on studying past and present price action to predict the probability of Fidelity Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fidelity Canada's price. Additionally, you may evaluate how the addition of Fidelity Canada to your portfolios can decrease your overall portfolio volatility.
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Fidelity Canada technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Fidelity Canada technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fidelity Canada trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...