|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between Fidelity Contrafund and Fidelity Contrafund K. You can compare the effects of market volatilities on Fidelity Contrafund and Fidelity Contrafund and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Fidelity Contrafund with a short position of Fidelity Contrafund. Please also check ongoing floating volatility patterns of Fidelity Contrafund and Fidelity Contrafund.Fidelity Contrafund vs Fidelity Contrafund K
Assuming 30 trading days horizon, Fidelity Contrafund is expected to generate 1.0 times more return on investment than Fidelity Contrafund. However, Fidelity Contrafund is as risky as Fidelity Contrafund. It trades about -0.1 of its potential returns per unit of risk. Fidelity Contrafund K is currently generating about -0.1 per unit of risk. If you would invest 9,789 in Fidelity Contrafund on April 24, 2016 and sell it today you would lose (133.00) from holding Fidelity Contrafund or give up 1.36% of portfolio value over 30 days.
Historical Performance Chart