Fidelity New Markets Fund Price on August 31, 2021
| FGWMX Fund | USD 12.36 0.03 0.24% |
Below is the normalized historical share price chart for Fidelity New Markets extending back to December 07, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fidelity New stands at 12.36, as last reported on the 23rd of April, with the highest price reaching 12.36 and the lowest price hitting 12.36 during the day.
If you're considering investing in Fidelity Mutual Fund, it is important to understand the factors that can impact its price. We consider Fidelity New very steady. Fidelity New Markets secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity New Markets, which you can use to evaluate the volatility of the entity. Please confirm Fidelity New's Mean Deviation of 0.2977, downside deviation of 0.4168, and Coefficient Of Variation of 1211.51 to check if the risk estimate we provide is consistent with the expected return of 0.0417%.
Fidelity Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Fidelity |
Sharpe Ratio = 0.1073
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FGWMX |
Estimated Market Risk
| 0.39 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Fidelity New is performing at about 8% 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 New by adding it to a well-diversified portfolio.
Fidelity New Valuation on August 31, 2021
It is possible to determine the worth of Fidelity New on a given historical date. On August 31, 2021 Fidelity was worth 12.89 at the beginning of the trading date compared to the closed value of 11.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fidelity New mutual fund. Still, in general, we apply an absolute valuation method to find Fidelity New's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fidelity New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fidelity New's related companies.
| Open | High | Low | Close | Volume | |
04/07/2022 | 12.89 | 12.89 | 11.65 | 11.65 | 1.00 |
| 12.83 | 12.83 | 11.59 | 11.59 | 1.00 |
| Backtest Fidelity New | | | Fidelity New History | | | Fidelity New Valuation | Next |
Fidelity New Trading Date Momentum on August 31, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Fidelity New Markets Fundamentals Correlations and Trends
By evaluating Fidelity New's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fidelity New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fidelity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fidelity New Mutual Fund history
Fidelity New investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fidelity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fidelity New Markets will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fidelity New stock prices may prove useful in developing a viable investing in Fidelity New
The fund normally invests at least 80 percent of assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
Fidelity New Mutual Fund Technical Analysis
Fidelity New technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Fidelity New Period Price Range
Low | April 7, 2022
| High |
12.89 | 11.65 |
Fidelity New April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Fidelity New mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fidelity New shares will generate the highest return on investment. By undertsting and applying Fidelity New mutual fund market strength indicators, traders can identify Fidelity New Markets entry and exit signals to maximize returns
Fidelity New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fidelity New's price direction in advance. Along with the technical and fundamental analysis of Fidelity Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fidelity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0448 | |||
| Jensen Alpha | (0.0007) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0767 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity New Markets. 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.