Fidelity Canadian Value Etf Market Value

FCCV Etf  CAD 15.00  0.22  1.49%   
Fidelity Canadian's market value is the price at which a share of Fidelity Canadian trades on a public exchange. It measures the collective expectations of Fidelity Canadian Value investors about its performance. Fidelity Canadian is selling at 15.00 as of the 17th of March 2025; that is 1.49 percent increase since the beginning of the trading day. The etf's open price was 14.78.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Canadian Value and determine expected loss or profit from investing in Fidelity Canadian over a given investment horizon. Check out Fidelity Canadian Correlation, Fidelity Canadian Volatility and Fidelity Canadian Alpha and Beta module to complement your research on Fidelity Canadian.
Symbol

Please note, there is a significant difference between Fidelity Canadian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Canadian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Canadian's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Fidelity Canadian 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Canadian's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Canadian.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Fidelity Canadian on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Canadian Value or generate 0.0% return on investment in Fidelity Canadian over 90 days. Fidelity Canadian is related to or competes with Fidelity Value, Fidelity Canadian, Fidelity Canadian, Fidelity High, and Fidelity International. FIDELITY CANADIAN is traded on Toronto Stock Exchange in Canada. More

Fidelity Canadian Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Canadian's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Canadian Value upside and downside potential and time the market with a certain degree of confidence.

Fidelity Canadian Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Canadian's standard deviation. In reality, there are many statistical measures that can use Fidelity Canadian historical prices to predict the future Fidelity Canadian's volatility.
Hype
Prediction
LowEstimatedHigh
14.2415.0015.76
Details
Intrinsic
Valuation
LowRealHigh
14.2915.0515.81
Details
Naive
Forecast
LowNextHigh
14.1414.8915.65
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.6215.0115.40
Details

Fidelity Canadian Value Backtested Returns

Fidelity Canadian Value secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the etf had a close to zero % return per unit of risk over the last 3 months. Fidelity Canadian Value exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Canadian's Variance of 0.554, mean deviation of 0.5898, and Standard Deviation of 0.7443 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Canadian is expected to be smaller as well.

Auto-correlation

    
  -0.72  

Almost perfect reverse predictability

Fidelity Canadian Value has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fidelity Canadian time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Canadian Value price movement. The serial correlation of -0.72 indicates that around 72.0% of current Fidelity Canadian price fluctuation can be explain by its past prices.
Correlation Coefficient-0.72
Spearman Rank Test-0.75
Residual Average0.0
Price Variance0.07

Fidelity Canadian Value lagged returns against current returns

Autocorrelation, which is Fidelity Canadian etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Canadian's etf expected returns. We can calculate the autocorrelation of Fidelity Canadian returns to help us make a trade decision. For example, suppose you find that Fidelity Canadian has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Fidelity Canadian regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Canadian etf over time.
   Current vs Lagged Prices   
       Timeline  

Fidelity Canadian Lagged Returns

When evaluating Fidelity Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Canadian etf have on its future price. Fidelity Canadian autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Canadian autocorrelation shows the relationship between Fidelity Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Canadian Value.
   Regressed Prices   
       Timeline  

Pair Trading with Fidelity Canadian

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fidelity Canadian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity Canadian will appreciate offsetting losses from the drop in the long position's value.

Moving together with Fidelity Etf

  0.91XIU iShares SPTSX 60PairCorr
  0.94XIC iShares Core SPTSXPairCorr
  0.94ZCN BMO SPTSX CappedPairCorr
  0.93VCN Vanguard FTSE CanadaPairCorr
  0.92HXT Global X SPTSXPairCorr
The ability to find closely correlated positions to Fidelity Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity Canadian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity Canadian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity Canadian Value to buy it.
The correlation of Fidelity Canadian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Canadian Value moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fidelity Canadian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Fidelity Etf

Fidelity Canadian financial ratios help investors to determine whether Fidelity Etf 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 Canadian security.