Fidelity Income Replacement Fund Manager Performance Evaluation

FIRQX Fund  USD 54.45  0.06  0.11%   
The fund shows a Beta (market volatility) of 0.0356, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Income is expected to be smaller as well.

Risk-Adjusted Performance

3 of 100

 
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Strong
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Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Income Replacement are ranked lower than 3 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Fidelity Income is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Expense Ratio Date29th of September 2022
Expense Ratio0.4500
  

Fidelity Income Relative Risk vs. Return Landscape

If you would invest  5,403  in Fidelity Income Replacement on September 5, 2024 and sell it today you would earn a total of  42.00  from holding Fidelity Income Replacement or generate 0.78% return on investment over 90 days. Fidelity Income Replacement is currently producing 0.0126% returns and takes up 0.2611% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Fidelity, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon Fidelity Income is expected to generate 12.55 times less return on investment than the market. But when comparing it to its historical volatility, the company is 2.85 times less risky than the market. It trades about 0.05 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.21 of returns per unit of risk over similar time horizon.

Fidelity Income Current Valuation

Fairly Valued
Today
54.45
Please note that Fidelity Income's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Fidelity Income Repl shows a prevailing Real Value of $54.4 per share. The current price of the fund is $54.45. We determine the value of Fidelity Income Repl from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Fidelity Income is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Income's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  54.45 Real  54.4 Hype  54.45 Naive  54.67
The intrinsic value of Fidelity Income's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Fidelity Income's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
54.40
Real Value
54.66
Upside
Estimating the potential upside or downside of Fidelity Income Replacement helps investors to forecast how Fidelity mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Fidelity Income more accurately as focusing exclusively on Fidelity Income's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
54.1754.3254.47
Details
Hype
Prediction
LowEstimatedHigh
54.1954.4554.71
Details
Naive
Forecast
LowNext ValueHigh
54.4154.6754.93
Details

Fidelity Income Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Income's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Income Replacement, and traders can use it to determine the average amount a Fidelity Income's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0483

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Negative ReturnsFIRQX

Estimated Market Risk

 0.26
  actual daily
2
98% of assets are more volatile

Expected Return

 0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.05
  actual daily
3
97% of assets perform better
Based on monthly moving average Fidelity Income is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Income by adding it to a well-diversified portfolio.

Fidelity Income Fundamentals Growth

Fidelity Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity Income, and Fidelity Income fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fidelity Mutual Fund performance.

About Fidelity Income Performance

Evaluating Fidelity Income's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fidelity Income has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fidelity Income has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds in a manner that supports a withdrawal strategy to provide investors with income in retirement. The manager allocates assets according to a neutral asset allocation strategy.

Things to note about Fidelity Income Repl performance evaluation

Checking the ongoing alerts about Fidelity Income for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity Income Repl help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund retains about 7.44% of its assets under management (AUM) in cash
Evaluating Fidelity Income's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Fidelity Income's mutual fund performance include:
  • Analyzing Fidelity Income's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fidelity Income's stock is overvalued or undervalued compared to its peers.
  • Examining Fidelity Income's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Fidelity Income's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Income's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of Fidelity Income's mutual fund. These opinions can provide insight into Fidelity Income's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Fidelity Income's mutual fund performance is not an exact science, and many factors can impact Fidelity Income's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in Fidelity Mutual Fund

Fidelity Income 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 Income security.
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