Fidelity Technology Five Year Return vs. Three Year Return
| 0P000070JI | CAD 107.02 0.24 0.22% |
For Fidelity Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Fidelity Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Fidelity Technology Innovators utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Fidelity Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Fidelity Technology Innovators over time as well as its relative position and ranking within its peers.
Fidelity |
Fidelity Technology Three Year Return vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Technology's current stock value. Our valuation model uses many indicators to compare Fidelity Technology value to that of its competitors to determine the firm's financial worth. Fidelity Technology Innovators is fifth largest fund in five year return among similar funds. It is rated below average in three year return among similar funds reporting about 0.85 of Three Year Return per Five Year Return. The ratio of Five Year Return to Three Year Return for Fidelity Technology Innovators is roughly 1.18 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Fidelity Technology by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fidelity Technology's 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.Fidelity Three Year Return vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Fidelity Technology |
| = | 19.80 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Fidelity Technology |
| = | 16.83 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Fidelity Three Year Return Comparison
Fidelity Technology is second largest fund in three year return among similar funds.
Fidelity Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Fidelity Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Fidelity Technology will eventually generate negative long term returns. The profitability progress is the general direction of Fidelity Technology's change in net profit over the period of time. It can combine multiple indicators of Fidelity Technology, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.
Fidelity Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Fidelity Technology. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Fidelity Technology position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Fidelity Technology's important profitability drivers and their relationship over time.
Use Fidelity Technology in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity Technology will appreciate offsetting losses from the drop in the long position's value.Fidelity Technology Pair Trading
Fidelity Technology Innovators Pair Trading Analysis
The ability to find closely correlated positions to Fidelity Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity Technology Innovators to buy it.
The correlation of Fidelity Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fidelity Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Fidelity Technology position
In addition to having Fidelity Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Fidelity Fund
To fully project Fidelity Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Fidelity Technology at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Fidelity Technology's income statement, its balance sheet, and the statement of cash flows.
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