Fidelity Canadian Value Etf Performance

FCCV Etf  CAD 15.35  0.08  0.52%   
The etf shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. 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.

Risk-Adjusted Performance

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Over the last 90 days Fidelity Canadian Value has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Fidelity Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
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Closing Bell Fidelity Canadian Value Index ETF Down On Thursday - Barchart
01/03/2025
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Trading Signals - Stock Traders Daily
02/26/2025
  

Fidelity Canadian Relative Risk vs. Return Landscape

If you would invest  1,546  in Fidelity Canadian Value on December 3, 2024 and sell it today you would lose (11.00) from holding Fidelity Canadian Value or give up 0.71% of portfolio value over 90 days. Fidelity Canadian Value is generating negative expected returns and assumes 0.6398% volatility on return distribution over the 90 days horizon. Simply put, 5% of etfs are less volatile than Fidelity, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days trading horizon Fidelity Canadian is expected to generate 0.85 times more return on investment than the market. However, the company is 1.17 times less risky than the market. It trades about -0.02 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.04 per unit of risk.

Fidelity Canadian Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Fidelity Canadian Value, and traders can use it to determine the average amount a Fidelity Canadian'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 = -0.0151

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Negative ReturnsFCCV

Estimated Market Risk

 0.64
  actual daily
5
95% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Fidelity Canadian is not performing at its full potential. However, 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 Canadian by adding Fidelity Canadian to a well-diversified portfolio.

Fidelity Canadian Fundamentals Growth

Fidelity Etf prices reflect investors' perceptions of the future prospects and financial health of Fidelity Canadian, and Fidelity Canadian 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 Etf performance.

About Fidelity Canadian Performance

By examining Fidelity Canadian's fundamental ratios, stakeholders can obtain critical insights into Fidelity Canadian's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Fidelity Canadian is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
FIDELITY CANADIAN is traded on Toronto Stock Exchange in Canada.
Fidelity Canadian generated a negative expected return over the last 90 days
Latest headline from news.google.com: Trading Signals - Stock Traders Daily
The fund retains 97.24% of its assets under management (AUM) in equities

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.