Fidelity Canadian Growth Fund Manager Performance Evaluation
| 0P000075FV | 134.96 1.81 1.32% |
The fund shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Canadian is expected to be smaller as well.
Risk-Adjusted Performance
31 of 100
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Very Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Canadian Growth are ranked lower than 31 (%) of all funds and portfolios of funds over the last 90 days. Despite somewhat unfluctuating basic indicators, Fidelity Canadian sustained solid returns over the last few months and may actually be approaching a breakup point.
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Fidelity Canadian Relative Risk vs. Return Landscape
If you would invest 11,563 in Fidelity Canadian Growth on September 12, 2024 and sell it today you would earn a total of 1,933 from holding Fidelity Canadian Growth or generate 16.72% return on investment over 90 days. Fidelity Canadian Growth is generating 0.2475% of daily returns and assumes 0.613% volatility on return distribution over the 90 days horizon. Simply put, 5% of funds are less volatile than Fidelity, and 96% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Fidelity Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Canadian's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Fidelity Canadian Growth, and traders can use it to determine the average amount a Fidelity Canadian'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 = 0.4038
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Estimated Market Risk
| 0.61 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.4 actual daily | 31 69% of assets perform better |
Based on monthly moving average Fidelity Canadian is performing at about 31% 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 Canadian by adding it to a well-diversified portfolio.
About Fidelity Canadian Performance
By analyzing Fidelity Canadian's fundamental ratios, stakeholders can gain valuable insights into Fidelity Canadian's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Fidelity Canadian has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fidelity Canadian has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Fidelity Canadian is entity of Canada. It is traded as Fund on TO exchange.Things to note about Fidelity Canadian Growth performance evaluation
Checking the ongoing alerts about Fidelity Canadian for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Fidelity Canadian Growth help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fidelity is showing solid risk-adjusted performance over 90 days |
- Analyzing Fidelity Canadian'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 Canadian's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Canadian'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 Canadian's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Canadian's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Canadian's fund. These opinions can provide insight into Fidelity Canadian's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Fidelity Fund
Fidelity Canadian financial ratios help investors to determine whether Fidelity Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Canadian security.
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