Fidelity Municipal Income Fund Q2 2024 Review - Seeking Alpha
| FHIGX Fund | USD 12.15 0.03 0.25% |
Slightly above 55% of Fidelity Municipal's investor base is interested to short. The analysis of overall sentiment of trading Fidelity Municipal Income mutual fund suggests that many investors are impartial at this time. Fidelity Municipal's investing sentiment can be driven by a variety of factors including economic data, Fidelity Municipal's earnings reports, geopolitical events, and overall market trends.
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Fidelity Municipal Income Fund Q2 2024 Review Seeking Alpha
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Fidelity Municipal Fundamental Analysis
We analyze Fidelity Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Municipal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Municipal 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.
Annual Yield
Annual Yield Comparative Analysis
Fidelity Municipal is currently under evaluation in annual yield among similar funds. Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Fidelity Municipal Income Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fidelity Municipal mutual fund to make a market-neutral strategy. Peer analysis of Fidelity Municipal could also be used in its relative valuation, which is a method of valuing Fidelity Municipal by comparing valuation metrics with similar companies.
Peers
Fidelity Municipal Related Equities
| FPUKX | Fidelity Puritan | 0.80 | ||||
| FPURX | Fidelity Puritan | 0.76 | ||||
| FQIPX | Fidelity Freedom | 0.71 | ||||
| FRAGX | Aggressive Growth | 0.69 | ||||
| FQLSX | Fidelity Flex | 0.60 | ||||
| FQIFX | Fidelity Freedom | 0.47 | ||||
| FPTKX | Fidelity Freedom | 0.34 | ||||
| FRAMX | Fidelity Income | 0.20 | ||||
| FPXTX | Fidelity Pennsylvania | 0.19 | ||||
| FQITX | Fidelity Salem | 0.16 |
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.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
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