Fidelity Nordic Financials
| FNORX Fund | USD 64.63 0.55 0.84% |
Fidelity |
Please note that past performance is not an indicator of the future performance of Fidelity Nordic, 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 Nordic Fund Summary
Fidelity Nordic competes with Fidelity Investment, Fidelity Europe, Fidelity Emerging, Fidelity Latin, and Fidelity Pacific. 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.Specialization | Miscellaneous Region, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US3159107529 |
| Business Address | Fidelity Investment Trust |
| Mutual Fund Family | Fidelity Investments |
| Mutual Fund Category | Miscellaneous Region |
| Benchmark | NYSE Composite |
| Phone | 800 544 8544 |
| Currency | USD - US Dollar |
You should never invest in Fidelity Nordic Fund without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Fidelity Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Fidelity Nordic's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Fidelity Nordic Key Financial Ratios
Generally speaking, Fidelity Nordic's financial ratios allow both analysts and investors to convert raw data from Fidelity Nordic's financial statements into concise, actionable information that can be used to evaluate the performance of Fidelity Nordic over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Fidelity Nordic reports annually and quarterly.Fidelity Financial Ratios Relationships
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. You can analyze the relationship between different fundamental ratios across Fidelity Nordic competition to find correlations between indicators driving Fidelity Nordic's intrinsic value. More Info.Fidelity Nordic 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 0.12 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Fidelity Nordic Fund is roughly 8.47 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Fidelity Nordic by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fidelity Nordic'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 Nordic's earnings, one of the primary drivers of an investment's value.Fidelity Nordic Systematic Risk
Fidelity Nordic's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity Nordic 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 three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Fidelity Nordic correlated with the market. If Beta is less than 0 Fidelity Nordic generally moves in the opposite direction as compared to the market. If Fidelity Nordic Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity Nordic is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity Nordic is generally in the same direction as the market. If Beta > 1 Fidelity Nordic moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity Nordic April 18, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity Nordic help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity Nordic Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Nordic 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 Nordic's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8402 | |||
| Information Ratio | 0.0158 | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.54 |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.