Fidelity Maryland Municipal Fund Market Value

SMDMX Fund  USD 10.69  0.01  0.09%   
Fidelity Maryland's market value is the price at which a share of Fidelity Maryland trades on a public exchange. It measures the collective expectations of Fidelity Maryland Municipal investors about its performance. Fidelity Maryland is trading at 10.69 as of the 16th of March 2025; that is 0.09 percent decrease since the beginning of the trading day. The fund's open price was 10.7.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Maryland Municipal and determine expected loss or profit from investing in Fidelity Maryland over a given investment horizon. Check out Fidelity Maryland Correlation, Fidelity Maryland Volatility and Fidelity Maryland Alpha and Beta module to complement your research on Fidelity Maryland.
Symbol

Please note, there is a significant difference between Fidelity Maryland's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Maryland is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Maryland'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 Maryland '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 Maryland'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 Maryland.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in Fidelity Maryland on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Maryland Municipal or generate 0.0% return on investment in Fidelity Maryland over 90 days. Fidelity Maryland is related to or competes with Fidelity Pennsylvania, Fidelity Arizona, Fidelity Connecticut, Fidelity Ohio, and Fidelity Minnesota. The fund normally invests at least 80 percent of assets in investment-grade municipal securities whose interest is exemp... More

Fidelity Maryland 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 Maryland'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 Maryland Municipal upside and downside potential and time the market with a certain degree of confidence.

Fidelity Maryland Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Maryland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Maryland's standard deviation. In reality, there are many statistical measures that can use Fidelity Maryland historical prices to predict the future Fidelity Maryland's volatility.
Hype
Prediction
LowEstimatedHigh
10.4510.6910.93
Details
Intrinsic
Valuation
LowRealHigh
10.4510.6910.93
Details
Naive
Forecast
LowNextHigh
10.3910.6310.87
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.5810.7110.84
Details

Fidelity Maryland Backtested Returns

Fidelity Maryland secures Sharpe Ratio (or Efficiency) of -0.0308, which denotes the fund had a -0.0308 % return per unit of risk over the last 3 months. Fidelity Maryland Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Maryland's Standard Deviation of 0.2432, variance of 0.0591, and Mean Deviation of 0.1815 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0388, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Maryland's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Maryland is expected to be smaller as well.

Auto-correlation

    
  -0.6  

Good reverse predictability

Fidelity Maryland Municipal has good reverse predictability. Overlapping area represents the amount of predictability between Fidelity Maryland time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Maryland price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Fidelity Maryland price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test0.04
Residual Average0.0
Price Variance0.0

Fidelity Maryland lagged returns against current returns

Autocorrelation, which is Fidelity Maryland 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 Maryland's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Maryland returns to help us make a trade decision. For example, suppose you find that Fidelity Maryland 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 Maryland 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 Maryland mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Maryland 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 Maryland mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Fidelity Maryland Lagged Returns

When evaluating Fidelity Maryland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Maryland mutual fund have on its future price. Fidelity Maryland 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 Maryland autocorrelation shows the relationship between Fidelity Maryland mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Maryland 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 Maryland 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 Maryland security.
CEOs Directory
Screen CEOs from public companies around the world
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum