Fidelity Trafund Class Fund Manager Performance Evaluation
| FCNKX Fund | USD 18.62 0.28 1.53% |
The fund shows a Beta (market volatility) of 1.02, which means a somewhat significant risk relative to the market. Fidelity Trafund returns are very sensitive to returns on the market. As the market goes up or down, Fidelity Trafund is expected to follow.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Trafund Class are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward-looking signals, Fidelity Trafund may actually be approaching a critical reversion point that can send shares even higher in May 2024.
...more1 | Is Fidelity Contrafund K a Strong Mutual Fund Pick Right Now - Yahoo Canada Finance | 04/18/2024 |
| Expense Ratio | 0.3200 |
Fidelity |
Fidelity Trafund Relative Risk vs. Return Landscape
If you would invest 1,704 in Fidelity Trafund Class on January 25, 2024 and sell it today you would earn a total of 158.00 from holding Fidelity Trafund Class or generate 9.27% return on investment over 90 days. Fidelity Trafund Class is currently producing 0.1463% returns and takes up 1.0576% volatility of returns over 90 trading days. Put another way, 9% 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 |
Fidelity Trafund Current Valuation
Fairly Valued
Today
Please note that Fidelity Trafund's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Fidelity Trafund Class shows a prevailing Real Value of $18.48 per share. The current price of the fund is $18.62. We determine the value of Fidelity Trafund Class 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 Trafund Class 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 Trafund. Since Fidelity Trafund is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Trafund'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 18.62 | Real 18.48 | Hype 18.62 | Naive 18.32 |
The real value of Fidelity Mutual Fund, also known as its intrinsic value, is the underlying worth of Fidelity Trafund Class Mutual Fund, which is reflected in its stock price. It is based on Fidelity Trafund's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Fidelity Trafund'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 Trafund'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.
Estimating the potential upside or downside of Fidelity Trafund Class 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 Trafund more accurately as focusing exclusively on Fidelity Trafund's fundamentals will not take into account other important factors: Fidelity Trafund Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Trafund's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Trafund Class, and traders can use it to determine the average amount a Fidelity Trafund'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 = 0.1383
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | FCNKX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.06 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.15 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 Trafund 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 Trafund by adding it to a well-diversified portfolio.
Fidelity Trafund Fundamentals Growth
Fidelity Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity Trafund, and Fidelity Trafund 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.
| Price To Earning | 23.32 X | |||
| Price To Book | 3.68 X | |||
| Price To Sales | 2.89 X | |||
| Total Asset | 99.72 B | |||
About Fidelity Trafund Performance
To evaluate Fidelity Trafund Class 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 Trafund 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 Trafund Class 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 primarily in common stocks. It invests in securities of companies whose value the advisor believes is not fully recognized by the public. The fund invests in domestic and foreign issuers. It invests in either growth stocks or value stocks or both. The advisor 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 Trafund Class performance evaluation
Checking the ongoing alerts about Fidelity Trafund for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity Trafund Class help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Is Fidelity Contrafund K a Strong Mutual Fund Pick Right Now - Yahoo Canada Finance | |
| The fund retains 95.66% of its assets under management (AUM) in equities |
- Analyzing Fidelity Trafund'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 Trafund's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Trafund'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 Trafund's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Trafund's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Trafund's mutual fund. These opinions can provide insight into Fidelity Trafund's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Trafund Class. 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 industry. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.