Fidelity Municipal Income Fund Price on January 29, 2024
If you're considering investing in Fidelity Mutual Fund, it is important to understand the factors that can impact its price. Fidelity Municipal Income secures Sharpe Ratio (or Efficiency) of -0.0631, which denotes the fund had a -0.0631% return per unit of risk over the last 3 months. Fidelity Municipal Income exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Municipal's Variance of 0.068, standard deviation of 0.2608, and Mean Deviation of 0.1747 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 = -0.0631
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Estimated Market Risk
0.26 actual daily | 2 98% of assets are more volatile |
Expected Return
-0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity Municipal 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 Municipal by adding Fidelity Municipal to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Fidelity Municipal Period Price Range
Low | December 19, 2024
| High |
0.00 | 0.00 |
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Fidelity Municipal December 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Fidelity Municipal 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 Municipal shares will generate the highest return on investment. By undertsting and applying Fidelity Municipal mutual fund market strength indicators, traders can identify Fidelity Municipal Income entry and exit signals to maximize returns
Fidelity Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fidelity Municipal'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 | (0.07) | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.03) | |||
Treynor Ratio | 0.6679 |
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Volume Indicators |
Other Information on Investing in Fidelity Mutual Fund
Fidelity Municipal 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 Municipal security.
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