Fidelity Ohio Valuation

FOHFX Fund  USD 11.53  0.02  0.17%   
At this time, the entity appears to be overvalued. Fidelity Ohio Municipal shows a prevailing Real Value of $11.22 per share. The current price of the fund is $11.53. We determine the value of Fidelity Ohio Municipal 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.
Overvalued
Today
11.53
Please note that Fidelity Ohio's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Fidelity Ohio Municipal shows a prevailing Real Value of $11.22 per share. The current price of the fund is $11.53. We determine the value of Fidelity Ohio Municipal 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 Ohio is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Ohio'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  11.53 Real  11.22 Hype  11.53 Naive  11.52
The intrinsic value of Fidelity Ohio'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 Ohio'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.
11.22
Real Value
12.68
Upside
Estimating the potential upside or downside of Fidelity Ohio Municipal 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 Ohio more accurately as focusing exclusively on Fidelity Ohio's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.4111.4811.55
Details
Hype
Prediction
LowEstimatedHigh
11.3211.5311.74
Details
Naive
Forecast
LowNext ValueHigh
11.3011.5211.73
Details

Fidelity Ohio Total Value Analysis

Fidelity Ohio Municipal is currently forecasted to have takeover price of 0 with market capitalization of 0, debt of , and cash on hands of . Please note that takeover price may be misleading and is a subject to mistakes in financial statements. We encourage investors to thoroughly investigate all of the Fidelity Ohio fundamentals before making investing decisions based on enterprise value of the company

Fidelity Ohio Asset Utilization

The concept of asset utilization usually refers to the revenue earned for every dollar of assets a company currently reports. The current return on assets of Fidelity suggests not a very effective usage of assets in December.

About Fidelity Ohio Valuation

Our relative valuation model uses a comparative analysis of Fidelity Ohio. We calculate exposure to Fidelity Ohio's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Fidelity Ohio's related companies.
The fund normally invests at least 80 percent of assets in investment-grade municipal securities whose interest is exempt from federal and Ohio personal income taxes. It invests more than 25 percent of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.

Other Information on Investing in Fidelity Mutual Fund

Fidelity Ohio 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 Ohio security.
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