Fidelity Contra Risk Analysis And Volatility

FCNTX -- USA Fund  

USD 13.73  0.76  5.86%

Macroaxis considers Fidelity Contra to be not too volatile. Fidelity Contra Fund secures Sharpe Ratio (or Efficiency) of -0.0038 which denotes the fund had -0.0038% of return per unit of risk over the last 3 months. Macroaxis philosophy towards predicting risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Fidelity Contra Fund exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Fidelity Contra Fund Mean Deviation of 0.7659 and Coefficient Of Variation of (15,304) to check risk estimate we provide.

90 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Very low

90 Days Economic Sensitivity

Barely shadows market
Horizon     30 Days    Login   to change

Fidelity Contra Market Sensitivity

As returns on market increase, Fidelity Contra returns are expected to increase less than the market. However during bear market, the loss on holding Fidelity Contra will be expected to be smaller as well.
3 Months Beta |Analyze Fidelity Contra Fund Demand Trend
Check current 30 days Fidelity Contra correlation with market (DOW)
β = 0.0818

Fidelity Contra Central Daily Price Deviation

Fidelity Contra Fund Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of Fidelity Contra Fund price series. View also all equity analysis or get more info about median price price transform indicator.

Fidelity Contra Projected Return Density Against Market

Assuming 30 trading days horizon, Fidelity Contra has beta of 0.0818 suggesting as returns on market go up, Fidelity Contra average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Fidelity Contra Fund will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Fidelity Contra Fund is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Fidelity Contra is -26193.81. The daily returns are destributed with a variance of 1.62 and standard deviation of 1.27. The mean deviation of Fidelity Contra Fund is currently at 0.77. For similar time horizon, the selected benchmark (DOW) has volatility of 0.6
α
Alpha over DOW
=0.02
β
Beta against DOW=0.08
σ
Overall volatility
=1.27
Ir
Information ratio =0.05

Fidelity Contra Return Volatility

the fund shows 1.273% volatility of returns over 30 trading days. the entity inherits 0.6095% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Fidelity Contra Investment Opportunity

Fidelity Contra Fund has a volatility of 1.27 and is 2.08 times more volatile than DOW. 11  of all equities and portfolios are less risky than Fidelity Contra. Compared to the overall equity markets, volatility of historical daily returns of Fidelity Contra Fund is lower than 11 () of all global equities and portfolios over the last 30 days. Use Fidelity Contra Fund to enhance returns of your portfolios. The fund experiences very speculative upward sentiment. . Check odds of Fidelity Contra to be traded at $17.16 in 30 days. . As returns on market increase, Fidelity Contra returns are expected to increase less than the market. However during bear market, the loss on holding Fidelity Contra will be expected to be smaller as well.

Fidelity Contra correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Contra Fund and equity matching DJI index in the same portfolio.

Fidelity Contra Current Risk Indicators

Fidelity Contra Suggested Diversification Pairs

Additionally see Investing Opportunities. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.
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