Fidelity Minnesota Municipal Fund Market Value
| FIMIX Fund | USD 10.97 0.01 0.09% |
| Symbol | Fidelity |
Fidelity Minnesota '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 Minnesota's mutual fund 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 Minnesota.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Fidelity Minnesota on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Minnesota Municipal or generate 0.0% return on investment in Fidelity Minnesota over 90 days. Fidelity Minnesota is related to or competes with Fidelity Pennsylvania, Fidelity Maryland, Fidelity Arizona, Fidelity Connecticut, and Fidelity Michigan. The fund normally invests at least 80 percent of its assets in investment-grade municipal securities whose interest is e... More
Fidelity Minnesota 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 Minnesota's mutual fund 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 Minnesota Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.4914 | |||
| Maximum Drawdown | 0.9103 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.276 |
Fidelity Minnesota Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Minnesota's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Minnesota's standard deviation. In reality, there are many statistical measures that can use Fidelity Minnesota historical prices to predict the future Fidelity Minnesota's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0081 | |||
| Treynor Ratio | (0.75) |
Fidelity Minnesota Backtested Returns
Fidelity Minnesota secures Sharpe Ratio (or Efficiency) of -0.0323, which denotes the fund had a -0.0323 % return per unit of risk over the last 3 months. Fidelity Minnesota Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Minnesota's Standard Deviation of 0.2278, mean deviation of 0.1723, and Variance of 0.0519 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0406, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Minnesota's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Minnesota is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Fidelity Minnesota Municipal has good reverse predictability. Overlapping area represents the amount of predictability between Fidelity Minnesota time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Minnesota price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Fidelity Minnesota price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Minnesota lagged returns against current returns
Autocorrelation, which is Fidelity Minnesota mutual fund'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 Minnesota's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Minnesota returns to help us make a trade decision. For example, suppose you find that Fidelity Minnesota has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Minnesota 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 Minnesota mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Minnesota mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Minnesota mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Minnesota Lagged Returns
When evaluating Fidelity Minnesota's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Minnesota mutual fund have on its future price. Fidelity Minnesota 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 Minnesota autocorrelation shows the relationship between Fidelity Minnesota mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Minnesota Municipal.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Fidelity Mutual Fund
Fidelity Minnesota 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 Minnesota security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |