Fidelity Technology Innovators Fund Manager Performance Evaluation
| 0P000070JI | CAD 104.45 0.01 0.01% |
The fund shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Technology is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Technology Innovators are ranked lower than 14 (%) of all funds and portfolios of funds over the last 90 days. Despite somewhat weak basic indicators, Fidelity Technology may actually be approaching a critical reversion point that can send shares even higher in January 2025.
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Fidelity Technology Relative Risk vs. Return Landscape
If you would invest 9,605 in Fidelity Technology Innovators on September 2, 2024 and sell it today you would earn a total of 840.00 from holding Fidelity Technology Innovators or generate 8.75% return on investment over 90 days. Fidelity Technology Innovators is generating 0.136% of daily returns and assumes 0.7548% volatility on return distribution over the 90 days horizon. Simply put, 6% of funds are less volatile than Fidelity, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Fidelity Technology Current Valuation
Fairly Valued
Today
Please note that Fidelity Technology's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Fidelity Technology shows a prevailing Real Value of C$103.31 per share. The current price of the fund is C$104.45. We determine the value of Fidelity Technology from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise taking in undervalued funds and trading overvalued funds since, at some point, fund prices and their ongoing real values will submerge.
Since Fidelity Technology is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Fund. However, Fidelity Technology'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 104.45 | Real 103.31 | Hype 104.45 |
The real value of Fidelity Fund, also known as its intrinsic value, is the underlying worth of Fidelity Technology Fund, which is reflected in its stock price. It is based on Fidelity Technology's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Fidelity Technology'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, or news.
Estimating the potential upside or downside of Fidelity Technology Innovators helps investors to forecast how Fidelity 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 Technology more accurately as focusing exclusively on Fidelity Technology's fundamentals will not take into account other important factors: Fidelity Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Technology's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Fidelity Technology Innovators, and traders can use it to determine the average amount a Fidelity Technology'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 = 0.1801
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| Cash | 0P000070JI | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.75 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Fidelity Technology is performing at about 14% 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 Technology by adding it to a well-diversified portfolio.
Fidelity Technology Fundamentals Growth
Fidelity Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity Technology, and Fidelity Technology 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 Fund performance.
| Total Asset | 237.51 M | |||
About Fidelity Technology Performance
By analyzing Fidelity Technology's fundamental ratios, stakeholders can gain valuable insights into Fidelity Technology's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Fidelity Technology 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 Technology has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
It invests primarily in equity securities of companies anywhere in the world that are positioned to benefit from advances in technology. Fidelity Technology is traded on Toronto Stock Exchange in Canada.Things to note about Fidelity Technology performance evaluation
Checking the ongoing alerts about Fidelity Technology for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Fidelity Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund holds 97.9% of its total net assets in equities |
- Analyzing Fidelity Technology'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 Technology's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Technology'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 Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Technology's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Technology's fund. These opinions can provide insight into Fidelity Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Fidelity Fund
Fidelity Technology 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 Technology security.
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