- 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. But the fund apears to be less risky and, when comparing its historical volatility, Fidelity Contrafund is 1.01 times less risky than Fidelity Contrafund. The fund trades about -0.02 of its potential returns per unit of risk. The Fidelity Contrafund K is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest 10,014 in Fidelity Contrafund K on November 6, 2016 and sell it today you would lose (20.00) from holding Fidelity Contrafund K or give up 0.2% of portfolio value over 30 days.