Fidelity Equity Income Fund Price on August 9, 2024
| FEQIX Fund | USD 74.61 0.54 0.73% |
Below is the normalized historical share price chart for Fidelity Equity Income Fund extending back to May 15, 1986. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fidelity Equity stands at 74.61, as last reported on the 26th of December, with the highest price reaching 74.61 and the lowest price hitting 74.61 during the day.
If you're considering investing in Fidelity Mutual Fund, it is important to understand the factors that can impact its price. Fidelity Equity Income secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the fund had a -0.11% return per unit of risk over the last 3 months. Fidelity Equity Income Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Equity's Standard Deviation of 0.711, mean deviation of 0.4868, and Variance of 0.5055 to check the risk estimate we provide.
Fidelity Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Fidelity |
Sharpe Ratio = -0.1069
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| Negative Returns | FEQIX |
Estimated Market Risk
| 0.72 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity Equity 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 Equity by adding Fidelity Equity to a well-diversified portfolio.
Fidelity Equity Valuation on August 9, 2024
It is possible to determine the worth of Fidelity Equity on a given historical date. On August 9, 2024 Fidelity was worth 73.71 at the beginning of the trading date compared to the closed value of 73.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fidelity Equity mutual fund. Still, in general, we apply an absolute valuation method to find Fidelity Equity's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fidelity Equity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fidelity Equity's related companies.
| Open | High | Low | Close | Volume | |
| 73.58 | 73.58 | 73.58 | 73.58 | 1.00 | |
08/09/2024 | 73.71 | 73.71 | 73.71 | 73.71 | 1.00 |
| 73.51 | 73.51 | 73.51 | 73.51 | 1.00 |
| Backtest Fidelity Equity | | | Fidelity Equity History | | | Fidelity Equity Valuation | Previous | Next |
Fidelity Equity Trading Date Momentum on August 9, 2024
| On August 12 2024 Fidelity Equity Income Fund was traded for 73.51 at the closing time. The highest daily price throughout the period was 73.51 and the lowest price was 73.51 . There was no trading activity during the period 1.0. Lack of trading volume on 08/12/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.27% . The overall trading delta to current closing price is 3.07% . |
Fidelity Equity Income Fundamentals Correlations and Trends
By evaluating Fidelity Equity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fidelity Equity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fidelity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fidelity Equity Mutual Fund history
Fidelity Equity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fidelity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fidelity Equity Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fidelity Equity stock prices may prove useful in developing a viable investing in Fidelity Equity
The fund normally invests at least 80 percent of assets in equity securities. It primarily invests income-producing equity securities, which tends to lead to investments in large cap value stocks. The fund invests in domestic and foreign issuers. It potentially invests in other types of equity securities and debt securities, including lower-quality debt securities.
Fidelity Equity Mutual Fund Technical Analysis
Fidelity Equity technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Fidelity Equity Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Fidelity Equity Income Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fidelity Equity December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Fidelity Equity mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fidelity Equity shares will generate the highest return on investment. By undertsting and applying Fidelity Equity mutual fund market strength indicators, traders can identify Fidelity Equity Income Fund entry and exit signals to maximize returns
Fidelity Equity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fidelity Equity's price direction in advance. Along with the technical and fundamental analysis of Fidelity Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fidelity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (57.44) |
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Fidelity Mutual Fund
Fidelity Equity financial ratios help investors to determine whether Fidelity Mutual Fund 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 Equity security.
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