Fidelity Canadian Growth Fund Manager Performance Evaluation
| FID265 Fund | 103.36 0.43 0.41% |
The fund shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Canadian are expected to decrease at a much lower rate. During the bear market, Fidelity Canadian is likely to outperform the market.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Fidelity Canadian Growth has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong fundamental indicators, Fidelity Canadian is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Fidelity Canadian Relative Risk vs. Return Landscape
If you would invest 10,810 in Fidelity Canadian Growth on October 12, 2024 and sell it today you would lose (474.00) from holding Fidelity Canadian Growth or give up 4.38% of portfolio value over 90 days. Fidelity Canadian Growth is generating negative expected returns and assumes 1.89% volatility on return distribution over the 90 days horizon. Simply put, 16% of funds 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 |
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 funds, such as Fidelity Canadian Growth, 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 = -0.0296
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FID265 |
Estimated Market Risk
| 1.89 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 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.
Things to note about Fidelity Canadian Growth performance evaluation
Checking the ongoing alerts about Fidelity Canadian for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Fidelity Canadian Growth help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fidelity Canadian generated a negative expected return over the last 90 days |
- Analyzing Fidelity Canadian'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 Canadian's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Canadian'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 Canadian's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Canadian's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Canadian's fund. These opinions can provide insight into Fidelity Canadian's potential for growth and whether the stock is currently undervalued or overvalued.
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