Fidelity Greater Canada Etf Market Value
| FCGC Etf | 12.93 0.19 1.49% |
| Symbol | Fidelity |
Please note, there is a significant difference between Fidelity Greater's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Greater is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Greater'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 Greater '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 Greater'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 Greater.
| 04/18/2025 |
| 07/17/2025 |
If you would invest 0.00 in Fidelity Greater on April 18, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity Greater Canada or generate 0.0% return on investment in Fidelity Greater over 90 days. Fidelity Greater is related to or competes with Fidelity Global, Fidelity Canadian, Fidelity All, Fidelity Advantage, and Fidelity International. Fidelity Greater is entity of Canada. It is traded as Etf on NEO exchange. More
Fidelity Greater 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 Greater'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 Greater Canada upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.0622 | |||
| Maximum Drawdown | 6.61 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 2.63 |
Fidelity Greater Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Greater's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Greater's standard deviation. In reality, there are many statistical measures that can use Fidelity Greater historical prices to predict the future Fidelity Greater's volatility.| Risk Adjusted Performance | 0.1959 | |||
| Jensen Alpha | 0.2136 | |||
| Total Risk Alpha | 0.0292 | |||
| Sortino Ratio | 0.0678 | |||
| Treynor Ratio | 1.52 |
Fidelity Greater Canada Backtested Returns
Fidelity Greater appears to be very steady, given 3 months investment horizon. Fidelity Greater Canada secures Sharpe Ratio (or Efficiency) of 0.28, which denotes the etf had a 0.28 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Fidelity Greater Canada, which you can use to evaluate the volatility of the entity. Please utilize Fidelity Greater's Downside Deviation of 1.12, coefficient of variation of 490.72, and Mean Deviation of 0.841 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Greater's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Greater is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
Fidelity Greater Canada has good predictability. Overlapping area represents the amount of predictability between Fidelity Greater time series from 18th of April 2025 to 2nd of June 2025 and 2nd of June 2025 to 17th of July 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 Greater Canada price movement. The serial correlation of 0.68 indicates that around 68.0% of current Fidelity Greater price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Fidelity Greater Canada lagged returns against current returns
Autocorrelation, which is Fidelity Greater 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 Greater's etf expected returns. We can calculate the autocorrelation of Fidelity Greater returns to help us make a trade decision. For example, suppose you find that Fidelity Greater 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 Greater 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 Greater etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Greater etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Greater etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Greater Lagged Returns
When evaluating Fidelity Greater's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Greater etf have on its future price. Fidelity Greater 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 Greater autocorrelation shows the relationship between Fidelity Greater etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Greater Canada.
Regressed Prices |
| Timeline |
Pair Trading with Fidelity Greater
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 Greater 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 Greater will appreciate offsetting losses from the drop in the long position's value.Moving together with Fidelity Etf
Moving against Fidelity Etf
The ability to find closely correlated positions to Fidelity Greater 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 Greater 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 Greater - 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 Greater Canada to buy it.
The correlation of Fidelity Greater 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 Greater moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Greater Canada 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 Greater 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.Other Information on Investing in Fidelity Etf
Fidelity Greater 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 Greater security.