Fidelity Extended Market Fund Manager Performance Evaluation
| FSMAX Fund | USD 97.95 0.13 0.13% |
The fund shows a Beta (market volatility) of 1.3, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Extended will likely underperform.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Extended Market are ranked lower than 19 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Fidelity Extended showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio Date | 29th of April 2023 | |
| Expense Ratio | 0.0350 |
Fidelity |
Fidelity Extended Relative Risk vs. Return Landscape
If you would invest 8,340 in Fidelity Extended Market on August 31, 2024 and sell it today you would earn a total of 1,455 from holding Fidelity Extended Market or generate 17.45% return on investment over 90 days. Fidelity Extended Market is currently producing 0.261% returns and takes up 1.0534% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than Fidelity, and 95% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Fidelity Extended Current Valuation
Undervalued
Today
Please note that Fidelity Extended's price fluctuation is very steady at this time. At this time, the entity appears to be undervalued. Fidelity Extended Market shows a prevailing Real Value of $104.42 per share. The current price of the fund is $97.95. We determine the value of Fidelity Extended Market 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 Extended is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Extended'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 97.95 | Real 104.42 | Hype 97.95 | Naive 98.42 |
The intrinsic value of Fidelity Extended'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 Extended'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.
Estimating the potential upside or downside of Fidelity Extended Market 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 Extended more accurately as focusing exclusively on Fidelity Extended's fundamentals will not take into account other important factors: Fidelity Extended Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Extended's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Extended Market, and traders can use it to determine the average amount a Fidelity Extended'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 = 0.2478
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FSMAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.05 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Fidelity Extended is performing at about 19% 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 Extended by adding it to a well-diversified portfolio.
Fidelity Extended Fundamentals Growth
Fidelity Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity Extended, and Fidelity Extended 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.
| Price To Earning | 19.89 X | |||
| Price To Book | 1.96 X | |||
| Price To Sales | 1.20 X | |||
About Fidelity Extended Performance
Evaluating Fidelity Extended's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fidelity Extended 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 Extended 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 normally invests at least 80 percent of assets in common stocks included in the Dow Jones U.S. Completion Total Stock Market Index, which represents the performance of stocks of mid- to small-capitalization U.S. companies. The manager uses statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, priceearnings ratio, pricebook ratio, and earnings growth to attempt to replicate the returns of the index.Things to note about Fidelity Extended Market performance evaluation
Checking the ongoing alerts about Fidelity Extended for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity Extended Market 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 99.78% of its assets under management (AUM) in equities |
- Analyzing Fidelity Extended'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 Extended's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Extended'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 Extended's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Extended's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Extended's mutual fund. These opinions can provide insight into Fidelity Extended's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Fidelity Mutual Fund
Fidelity Extended 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 Extended security.
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