- Companies in United States
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. See also your portfolio center.Please also check ongoing floating volatility patterns of Fidelity Contrafund and Fidelity Contrafund.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Fidelity Contrafund is expected to under-perform the Fidelity Contrafund. In addition to that, Fidelity Contrafund is 1.0 times more volatile than Fidelity Contrafund K. It trades about -0.01 of its total potential returns per unit of risk. Fidelity Contrafund K is currently generating about -0.01 per unit of volatility. If you would invest 10,210 in Fidelity Contrafund K on August 27, 2016 and sell it today you would lose (25.00) from holding Fidelity Contrafund K or give up 0.24% of portfolio value over 30 days.