Fidelity Intermediate Municipal Fund Quote

FLTMX Fund  USD 10.12  0.02  0.20%   

Performance

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Odds Of Distress

Less than 44

 
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Fidelity Intermediate is trading at 10.12 as of the 29th of March 2024; that is -0.2 percent decrease since the beginning of the trading day. The fund's open price was 10.14. Fidelity Intermediate has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Fidelity Intermediate Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
The fund normally invests at least 80 percent of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It allocates assets across different market sectors and maturities. The fund invests more than 25 percent of total assets in municipal securities that finance similar types of projects. More on Fidelity Intermediate Municipal

Fidelity Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fidelity Intermediate's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fidelity Intermediate or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationFidelity Investments Funds, Large Funds, Muni National Interm Funds, Muni National Interm, Fidelity Investments, Large, Muni National Interm (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date1st of March 2023
Fiscal Year EndDecember
Fidelity Intermediate Municipal [FLTMX] is traded in USA and was established 29th of March 2024. Fidelity Intermediate is listed under Fidelity Investments category by Fama And French industry classification. The fund is listed under Muni National Interm category and is part of Fidelity Investments family. This fund currently has accumulated 11.17 B in assets under management (AUM) with no minimum investment requirementsFidelity Intermediate is currently producing year-to-date (YTD) return of 0.06% with the current yeild of 0.01%, while the total return for the last 3 years was 0.19%.
Check Fidelity Intermediate Probability Of Bankruptcy

Instrument Allocation

Fidelity Intermediate Target Price Odds Analysis

Based on a normal probability distribution, the odds of Fidelity Intermediate jumping above the current price in 90 days from now is about 50.0%. The Fidelity Intermediate Municipal probability density function shows the probability of Fidelity Intermediate mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Fidelity Intermediate has a beta of 0.0595. This usually indicates as returns on the market go up, Fidelity Intermediate average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fidelity Intermediate Municipal will be expected to be much smaller as well. Additionally, fidelity Intermediate Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 10.12HorizonTargetOdds Above 10.12
46.69%90 days
 10.12 
50.00%
Based on a normal probability distribution, the odds of Fidelity Intermediate to move above the current price in 90 days from now is about 50.0 (This Fidelity Intermediate Municipal probability density function shows the probability of Fidelity Mutual Fund to fall within a particular range of prices over 90 days) .

Fidelity Intermediate Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Fidelity Intermediate market risk premium is the additional return an investor will receive from holding Fidelity Intermediate long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Intermediate. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Fidelity Intermediate's alpha and beta are two of the key measurements used to evaluate Fidelity Intermediate's performance over the market, the standard measures of volatility play an important role as well.

Fidelity Intermediate Against Markets

Picking the right benchmark for Fidelity Intermediate mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fidelity Intermediate mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fidelity Intermediate is critical whether you are bullish or bearish towards Fidelity Intermediate Municipal at a given time. Please also check how Fidelity Intermediate's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fidelity Intermediate without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Fidelity Mutual Fund?

Before investing in Fidelity Intermediate, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Fidelity Intermediate. To buy Fidelity Intermediate fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Fidelity Intermediate. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Fidelity Intermediate fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Fidelity Intermediate Municipal fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Fidelity Intermediate Municipal fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Fidelity Intermediate Municipal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Fidelity Intermediate Municipal?

The danger of trading Fidelity Intermediate Municipal is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fidelity Intermediate is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fidelity Intermediate. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fidelity Intermediate is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Intermediate Municipal. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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Please note, there is a significant difference between Fidelity Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Intermediate'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.