The organization shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and Fidelity Canada are completely uncorrelated. Although it is extremely important to respect Fidelity Canada Cana historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing Fidelity Canada Cana technical indicators you can presently evaluate if the expected return of 0.2321% will be sustainable into the future.
|Horizon||30 Days Login to change|
Fidelity Canada Cana Relative Risk vs. Return LandscapeIf you would invest 68,289 in Fidelity Canada Canadian High Q on September 14, 2019 and sell it today you would earn a total of 317.00 from holding Fidelity Canada Canadian High Q or generate 0.46% return on investment over 30 days. Fidelity Canada Canadian High Q is generating 0.2321% of daily returns and assumes 0.3282% volatility on return distribution over the 30 days horizon. Simply put, 2% of equities are less volatile than Fidelity Canada and 96% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Fidelity Canada Market Risk Analysis
Sharpe Ratio = 0.7071
Fidelity Canada Relative Performance Indicators
Estimated Market Risk