Fidelity Nordic Fund Manager Performance Evaluation

FNORX Fund  USD 67.77  0.61  0.89%   
The fund shows a Beta (market volatility) of 0.0614, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Nordic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Nordic is expected to be smaller as well.

Risk-Adjusted Performance

10 of 100

 
Low
 
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OK
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Nordic Fund are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Fidelity Nordic may actually be approaching a critical reversion point that can send shares even higher in April 2024.
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Expense Ratio Date30th of December 2022
Expense Ratio0.9400
  

Fidelity Nordic Relative Risk vs. Return Landscape

If you would invest  6,286  in Fidelity Nordic Fund on December 29, 2023 and sell it today you would earn a total of  491.00  from holding Fidelity Nordic Fund or generate 7.81% return on investment over 90 days. Fidelity Nordic Fund is currently producing 0.1276% returns and takes up 0.9241% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than Fidelity, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon Fidelity Nordic is expected to generate 1.04 times less return on investment than the market. In addition to that, the company is 1.61 times more volatile than its market benchmark. It trades about 0.14 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 per unit of volatility.

Fidelity Nordic Current Valuation

Fairly Valued
Today
67.77
Please note that Fidelity Nordic's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Fidelity Nordic Fund shows a prevailing Real Value of $67.04 per share. The current price of the fund is $67.77. We determine the value of Fidelity Nordic Fund from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Our valuation method for Fidelity Nordic Fund is useful when determining the fair value of the Fidelity mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Fidelity Nordic. Since Fidelity Nordic is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Nordic'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  67.77 Real  67.04 Hype  67.77 Naive  67.37
The real value of Fidelity Mutual Fund, also known as its intrinsic value, is the underlying worth of Fidelity Nordic Fund Mutual Fund, which is reflected in its stock price. It is based on Fidelity Nordic's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Fidelity Nordic'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 Nordic'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.
67.04
Real Value
67.96
Upside
Estimating the potential upside or downside of Fidelity Nordic Fund helps investors to forecast how Fidelity mutual fund'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 Nordic more accurately as focusing exclusively on Fidelity Nordic's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
67.5968.2068.80
Details
Hype
Prediction
LowEstimatedHigh
66.8567.7768.69
Details
Naive
Forecast
LowNext ValueHigh
66.4467.3768.29
Details

Fidelity Nordic Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Nordic's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Nordic Fund, and traders can use it to determine the average amount a Fidelity Nordic's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.138

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Estimated Market Risk

 0.92
  actual daily
8
92% of assets are more volatile

Expected Return

 0.13
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.14
  actual daily
10
90% of assets perform better
Based on monthly moving average Fidelity Nordic is performing at about 10% 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 Fundamentals Growth

Fidelity Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity Nordic, and Fidelity Nordic fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fidelity Mutual Fund performance.

About Fidelity Nordic Performance

To evaluate Fidelity Nordic Fund Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Fidelity Nordic generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Fidelity Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Fidelity Nordic Fund market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Fidelity's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about Fidelity Nordic Fund performance evaluation

Checking the ongoing alerts about Fidelity Nordic for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity Nordic Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund retains 97.27% of its assets under management (AUM) in equities
Evaluating Fidelity Nordic's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Fidelity Nordic's mutual fund performance include:
  • Analyzing Fidelity Nordic's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fidelity Nordic's stock is overvalued or undervalued compared to its peers.
  • Examining Fidelity Nordic's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Fidelity Nordic's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Nordic's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of Fidelity Nordic's mutual fund. These opinions can provide insight into Fidelity Nordic's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Fidelity Nordic's mutual fund performance is not an exact science, and many factors can impact Fidelity Nordic's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

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When running Fidelity Nordic's price analysis, check to measure Fidelity Nordic'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 Nordic is operating at the current time. Most of Fidelity Nordic's value examination focuses on studying past and present price action to predict the probability of Fidelity Nordic'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 Nordic's price. Additionally, you may evaluate how the addition of Fidelity Nordic to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Fidelity Nordic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Nordic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Nordic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.