Fidelity Contrafund K6 Fund Manager Performance Evaluation
| FLCNX Fund | USD 32.16 0.24 0.74% |
The fund shows a Beta (market volatility) of 0.74, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Contrafund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Contrafund is expected to be smaller as well.
Risk-Adjusted Performance
15 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Contrafund K6 are ranked lower than 15 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Fidelity Contrafund may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more| Expense Ratio Date | 1st of March 2023 | |
| Expense Ratio | 0.4500 |
Fidelity |
Fidelity Contrafund Relative Risk vs. Return Landscape
If you would invest 2,934 in Fidelity Contrafund K6 on September 13, 2024 and sell it today you would earn a total of 306.00 from holding Fidelity Contrafund K6 or generate 10.43% return on investment over 90 days. Fidelity Contrafund K6 is currently producing 0.1609% returns and takes up 0.8215% volatility of returns over 90 trading days. Put another way, 7% of traded mutual funds are less volatile than Fidelity, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Fidelity Contrafund Current Valuation
Undervalued
Today
Please note that Fidelity Contrafund's price fluctuation is very steady at this time. At this time, the entity appears to be undervalued. Fidelity Contrafund shows a prevailing Real Value of $34.72 per share. The current price of the fund is $32.16. We determine the value of Fidelity Contrafund from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Fidelity Contrafund is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Contrafund's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 32.16 | Real 34.72 | Hype 32.4 |
The intrinsic value of Fidelity Contrafund's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Fidelity Contrafund's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Fidelity Contrafund K6 helps investors to forecast how Fidelity mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Fidelity Contrafund more accurately as focusing exclusively on Fidelity Contrafund's fundamentals will not take into account other important factors: Fidelity Contrafund Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Contrafund's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Contrafund K6, and traders can use it to determine the average amount a Fidelity Contrafund's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1959
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FLCNX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.82 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Fidelity Contrafund is performing at about 15% 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 Contrafund by adding it to a well-diversified portfolio.
Fidelity Contrafund Fundamentals Growth
Fidelity Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity Contrafund, and Fidelity Contrafund fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fidelity Mutual Fund performance.
About Fidelity Contrafund Performance
Evaluating Fidelity Contrafund's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fidelity Contrafund has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fidelity Contrafund has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests primarily in common stocks. It invests in securities of companies whose value Fidelity Management Research Company believes is not fully recognized by the public. The fund invests in domestic and foreign issuers.Things to note about Fidelity Contrafund performance evaluation
Checking the ongoing alerts about Fidelity Contrafund for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity Contrafund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains 97.29% of its assets under management (AUM) in equities |
- Analyzing Fidelity Contrafund's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fidelity Contrafund's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Contrafund's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Fidelity Contrafund's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Contrafund's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Contrafund's mutual fund. These opinions can provide insight into Fidelity Contrafund's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Fidelity Mutual Fund
Fidelity Contrafund financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Contrafund security.
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