Fidelity Canada Fund Buy Hold or Sell Recommendation

FCCNX Fund  USD 66.27  0.07  0.11%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Fidelity Canada Fund is 'Strong Sell'. Macroaxis provides Fidelity Canada buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding FCCNX positions. The advice algorithm takes into account all of Fidelity Canada's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Fidelity Canada's buy or sell advice are summarized below:
Real Value
61.16
Hype Value
66.2
Market Value
66.27
Naive Value
65.4
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Fidelity Canada Fund given historical horizon and risk tolerance towards Fidelity Canada. When Macroaxis issues a 'buy' or 'sell' recommendation for Fidelity Canada Fund, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Fidelity Canada Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual funds such as Fidelity and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Fidelity Canada Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Execute Fidelity Canada Buy or Sell Advice

The Fidelity recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Fidelity Canada Fund. Macroaxis does not own or have any residual interests in Fidelity Canada Fund or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Fidelity Canada's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Fidelity CanadaBuy Fidelity Canada
Strong Sell

Market Performance

ModestDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Fidelity Canada Fund has a Mean Deviation of 0.6193, Semi Deviation of 0.7383, Standard Deviation of 0.8189, Variance of 0.6705, Downside Variance of 0.679 and Semi Variance of 0.545
Macroaxis provides unbiased investment recommendation on Fidelity Canada Fund that should be used to complement current analysts and expert consensus on Fidelity Canada Fund. Our trade advice engine determines the fund's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. Use Fidelity Canada Fund price to book, one year return, as well as the relationship between the One Year Return and equity positions weight to ensure your buy or sell decision on Fidelity Canada Fund is adequate.

Fidelity Canada Trading Alerts and Improvement Suggestions

The fund retains 99.07% of its assets under management (AUM) in equities

Fidelity Canada Returns Distribution Density

The distribution of Fidelity Canada's historical returns is an attempt to chart the uncertainty of Fidelity Canada's future price movements. The chart of the probability distribution of Fidelity Canada daily returns describes the distribution of returns around its average expected value. We use Fidelity Canada Fund price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Fidelity Canada returns is essential to provide solid investment advice for Fidelity Canada.
Mean Return
0.09
Value At Risk
-1.23
Potential Upside
1.25
Standard Deviation
0.82
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Fidelity Canada historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Fidelity Canada Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Fidelity Canada or Fidelity Investments sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Fidelity Canada's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Fidelity fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.08
β
Beta against NYSE Composite-0.0046
σ
Overall volatility
0.83
Ir
Information ratio -0.06

Fidelity Canada Volatility Alert

Fidelity Canada Fund has low volatility with Treynor Ratio of -17.12, Maximum Drawdown of 4.29 and kurtosis of 1.68. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Fidelity Canada's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Fidelity Canada's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Fidelity Canada Fundamentals Vs Peers

Comparing Fidelity Canada's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Fidelity Canada's direct or indirect competition across all of the common fundamentals between Fidelity Canada and the related equities. This way, we can detect undervalued stocks with similar characteristics as Fidelity Canada or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Fidelity Canada's fundamental indicators could also be used in its relative valuation, which is a method of valuing Fidelity Canada by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Fidelity Canada to competition
FundamentalsFidelity CanadaPeer Average
Price To Earning17.13 X6.53 X
Price To Book1.90 X0.74 X
Price To Sales1.48 X0.61 X
Annual Yield0 %0.29 %
Year To Date Return2.92 %0.39 %
One Year Return17.37 %4.15 %
Three Year Return7.84 %3.60 %
Five Year Return9.29 %3.24 %
Ten Year Return1.72 %1.79 %
Net Asset1.07 B4.11 B
Cash Position Weight0.57 %10.61 %
Equity Positions Weight99.07 %63.90 %

Fidelity Canada Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Fidelity . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Fidelity Canada Buy or Sell Advice

When is the right time to buy or sell Fidelity Canada Fund? Buying financial instruments such as Fidelity Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Fidelity Canada in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Automobiles and Trucks Thematic Idea Now

Automobiles and Trucks
Automobiles and Trucks Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Automobiles and Trucks theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Automobiles and Trucks Theme or any other thematic opportunities.
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Check out Fidelity Canada Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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When running Fidelity Canada's price analysis, check to measure Fidelity Canada's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Canada is operating at the current time. Most of Fidelity Canada's value examination focuses on studying past and present price action to predict the probability of Fidelity Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fidelity Canada's price. Additionally, you may evaluate how the addition of Fidelity Canada to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Fidelity Canada's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Canada is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Canada'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.