Fidelity Canada Performance

FIDCNCQP -- USA Index  

 686.06  1.42  0.21%

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 Landscape

If 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 (%) 
      Risk (%) 
Assuming 30 trading days horizon, Fidelity Canada is expected to generate 0.34 times more return on investment than the market. However, the company is 2.96 times less risky than the market. It trades about 0.71 of its potential returns per unit of risk. The DOW is currently generating roughly -0.02 per unit of risk.

Fidelity Canada Market Risk Analysis

Sharpe Ratio = 0.7071
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Fidelity Canada Relative Performance Indicators

Estimated Market Risk
 0.33
  actual daily
 
 2 %
of total potential
 
22
Expected Return
 0.23
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.71
  actual daily
 
 48 %
of total potential
 
4848
Based on monthly moving average Fidelity Canada is performing at about 48% 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 Canada by adding it to a well-diversified portfolio.

Fidelity Canada Alerts

Equity Alerts and Improvement Suggestions

Fidelity Canada Cana is not yet fully synchronised with the market data
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