Fidelity Minnesota Municipal Fund Market Value

FIMIX Fund  USD 11.12  0.01  0.09%   
Fidelity Minnesota's market value is the price at which a share of Fidelity Minnesota trades on a public exchange. It measures the collective expectations of Fidelity Minnesota Municipal investors about its performance. Fidelity Minnesota is trading at 11.12 as of the 2nd of March 2025; that is 0.09 percent increase since the beginning of the trading day. The fund's open price was 11.11.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Minnesota Municipal and determine expected loss or profit from investing in Fidelity Minnesota over a given investment horizon. Check out Fidelity Minnesota Correlation, Fidelity Minnesota Volatility and Fidelity Minnesota Alpha and Beta module to complement your research on Fidelity Minnesota.
Symbol

Please note, there is a significant difference between Fidelity Minnesota's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Minnesota is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Minnesota's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
03/13/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/02/2025
0.00
If you would invest  0.00  in Fidelity Minnesota on March 13, 2023 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 720 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.

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.
Hype
Prediction
LowEstimatedHigh
10.9011.1211.34
Details
Intrinsic
Valuation
LowRealHigh
10.8711.0911.31
Details
Naive
Forecast
LowNextHigh
10.9511.1711.39
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.9911.0611.13
Details

Fidelity Minnesota Backtested Returns

Fidelity Minnesota secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the fund had a close to zero % return per unit of risk over the last 3 months. Fidelity Minnesota Municipal exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Minnesota's Coefficient Of Variation of 1455.37, downside deviation of 0.33, and Mean Deviation of 0.1623 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0408, 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

    
  -0.02  

Very weak reverse predictability

Fidelity Minnesota Municipal has very weak reverse predictability. Overlapping area represents the amount of predictability between Fidelity Minnesota time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 -0.02 indicates that only 2.0% of current Fidelity Minnesota price fluctuation can be explain by its past prices.
Correlation Coefficient-0.02
Spearman Rank Test0.06
Residual Average0.0
Price Variance0.02

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.
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