Fidelity Contra Variance 
FCNKX  USA Fund  USD 13.66 0.11 0.81% 
Symbol 
 =  1.11 
SUM  =  Summation notation 
RET DEV  =  Actual returns deviation over selected period 
N  =  Number of points for the period 
Variance Comparison
Fidelity Contra Fund Class K is rated # 2 fund in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about 5.04 of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for Fidelity Contra Fund Class K is roughly 5.04
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.Variance 

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Risk Adjusted Performance  0.034  
Market Risk Adjusted Performance  (0.20)  
Mean Deviation  0.7571  
Semi Deviation  1.13  
Downside Deviation  1.32  
Coefficient Of Variation  2038.67  
Standard Deviation  1.05  
Variance  1.11  
Information Ratio  (0.011175)  
Jensen Alpha  0.0525  
Total Risk Alpha  (0.05)  
Sortino Ratio  (0.00895)  
Treynor Ratio  (0.21)  
Maximum Drawdown  5.6  
Value At Risk  (1.86)  
Potential Upside  1.49  
Downside Variance  1.73  
Semi Variance  1.27  
Expected Short fall  (0.77)  
Skewness  (0.63)  
Kurtosis  1.98 
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