Fidelity Nordic Fund Price on February 20, 2024
| FNORX Fund | USD 65.87 0.32 0.48% |
Below is the normalized historical share price chart for Fidelity Nordic Fund extending back to January 03, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fidelity Nordic stands at 65.87, as last reported on the 2nd of May, with the highest price reaching 65.87 and the lowest price hitting 65.87 during the day.
If you're considering investing in Fidelity Mutual Fund, it is important to understand the factors that can impact its price. We consider Fidelity Nordic very steady. Fidelity Nordic secures Sharpe Ratio (or Efficiency) of 0.0865, which denotes the fund had a 0.0865% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Nordic Fund, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Nordic's Mean Deviation of 0.7396, downside deviation of 0.7958, and Coefficient Of Variation of 931.24 to check if the risk estimate we provide is consistent with the expected return of 0.0796%.
Fidelity Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Fidelity |
Sharpe Ratio = 0.0865
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| Cash | FNORX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.92 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Fidelity Nordic is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Nordic by adding it to a well-diversified portfolio.
Fidelity Nordic Valuation on February 20, 2024
It is possible to determine the worth of Fidelity Nordic on a given historical date. On February 20, 2024 Fidelity was worth 65.23 at the beginning of the trading date compared to the closed value of 65.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fidelity Nordic mutual fund. Still, in general, we apply an absolute valuation method to find Fidelity Nordic's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fidelity Nordic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fidelity Nordic's related companies.
| Open | High | Low | Close | Volume | |
| 65.38 | 65.38 | 65.38 | 65.38 | 1.00 | |
02/20/2024 | 65.23 | 65.23 | 65.23 | 65.23 | 1.00 |
| 65.09 | 65.09 | 65.09 | 65.09 | 1.00 |
| Backtest Fidelity Nordic | | | Fidelity Nordic History | | | Fidelity Nordic Valuation | Previous | Next |
Fidelity Nordic Trading Date Momentum on February 20, 2024
| On February 21 2024 Fidelity Nordic Fund was traded for 65.09 at the closing time. The highest daily price throughout the period was 65.09 and the lowest price was 65.09 . There was no trading activity during the period 1.0. Lack of trading volume on 02/21/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.21% . The overall trading delta to current closing price is 2.22% . |
Fidelity Nordic Fundamentals Correlations and Trends
By evaluating Fidelity Nordic's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fidelity Nordic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fidelity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fidelity Nordic Mutual Fund history
Fidelity Nordic investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fidelity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fidelity Nordic will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fidelity Nordic stock prices may prove useful in developing a viable investing in Fidelity Nordic
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 Nordic Mutual Fund Technical Analysis
Fidelity Nordic 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.
Price Boundaries
Fidelity Nordic Period Price Range
Low | February 20, 2024
| High |
65.23 | 65.23 |
Fidelity Nordic May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Fidelity Nordic 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 Nordic shares will generate the highest return on investment. By undertsting and applying Fidelity Nordic mutual fund market strength indicators, traders can identify Fidelity Nordic Fund entry and exit signals to maximize returns
Fidelity Nordic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fidelity Nordic's price direction in advance. Along with the technical and fundamental analysis of Fidelity Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fidelity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.072 | |||
| Jensen Alpha | 0.0448 | |||
| Total Risk Alpha | 0.0182 | |||
| Sortino Ratio | 0.0509 | |||
| Treynor Ratio | 0.0985 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Nordic 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 metropolitan statistical area. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.