Fidelity Tax Free Bond Fund Fundamentals

FTABX Fund  USD 11.16  0.02  0.18%   
Fidelity Tax Free Bond fundamentals help investors to digest information that contributes to Fidelity Tax-free's financial success or failures. It also enables traders to predict the movement of Fidelity Mutual Fund. The fundamental analysis module provides a way to measure Fidelity Tax-free's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fidelity Tax-free mutual fund.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Fidelity Tax Free Bond Mutual Fund One Year Return Analysis

Fidelity Tax-free's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.

One Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

More About One Year Return | All Equity Analysis

Current Fidelity Tax-free One Year Return

    
  6.21 %  
Most of Fidelity Tax-free's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fidelity Tax Free Bond is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Competition

Based on the recorded statements, Fidelity Tax Free Bond has an One Year Return of 6.2126%. This is 67.46% higher than that of the Fidelity Investments family and significantly higher than that of the Muni National Long category. The one year return for all United States funds is notably lower than that of the firm.

Fidelity Tax Free Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Tax-free's current stock value. Our valuation model uses many indicators to compare Fidelity Tax-free value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity Tax-free competition to find correlations between indicators driving Fidelity Tax-free's intrinsic value. More Info.
Fidelity Tax Free Bond is one of the top funds in annual yield among similar funds. It also is one of the top funds in year to date return among similar funds creating about  1,430  of Year To Date Return per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Fidelity Tax-free's earnings, one of the primary drivers of an investment's value.

Fidelity One Year Return Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fidelity Tax-free's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Fidelity Tax-free could also be used in its relative valuation, which is a method of valuing Fidelity Tax-free by comparing valuation metrics of similar companies.
Fidelity Tax is currently under evaluation in one year return among similar funds.

Fund Asset Allocation for Fidelity Tax-free

The fund consists of 96.87% investments in fixed income securities, with the rest of funds allocated in cash and various exotic instruments.
Asset allocation divides Fidelity Tax-free's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.

Fidelity Fundamentals

About Fidelity Tax-free Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fidelity Tax Free Bond's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Tax-free using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Tax Free Bond based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
The fund normally invests at least 80 percent of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It potentially invests more than 25 percent of total assets in municipal securities that finance similar types of projects. The fund does not invest in municipal securities whose interest is subject to federal income tax or in municipal securities whose interest is subject to the federal alternative minimum tax.

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Other Information on Investing in Fidelity Mutual Fund

Fidelity Tax-free 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 Tax-free security.
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