Fidelity Municipal Financials
| FLUVX Fund | USD 12.15 0.01 0.08% |
Fidelity |
Please note that past performance is not an indicator of the future performance of Fidelity Municipal, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Fidelity Municipal Fund Summary
Fidelity Municipal competes with Fidelity Freedom, Fidelity Puritan, Fidelity Puritan, Fidelity Pennsylvania, and Fidelity Freedom. 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. Potentially the fund invests more than 25 percent of total assets in municipal securities that finance similar types of projects.Specialization | Muni National Long, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Fidelity Municipal Trust |
| Mutual Fund Family | Fidelity Investments |
| Mutual Fund Category | Muni National Long |
| Benchmark | NYSE Composite |
| Phone | 877 208 0098 |
| Currency | USD - US Dollar |
You should never invest in Fidelity Municipal Income without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Fidelity Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Fidelity Municipal's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Fidelity Municipal Key Financial Ratios
Generally speaking, Fidelity Municipal's financial ratios allow both analysts and investors to convert raw data from Fidelity Municipal's financial statements into concise, actionable information that can be used to evaluate the performance of Fidelity Municipal over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Fidelity Municipal reports annually and quarterly.Fidelity Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Municipal's current stock value. Our valuation model uses many indicators to compare Fidelity Municipal value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity Municipal competition to find correlations between indicators driving Fidelity Municipal's intrinsic value. More Info.Fidelity Municipal Income is one of the top funds in annual yield among similar funds. It is one of the top funds in year to date return among similar funds creating about 38.95 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value Fidelity Municipal by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fidelity Municipal's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Fidelity Municipal's earnings, one of the primary drivers of an investment's value.Fidelity Municipal Systematic Risk
Fidelity Municipal's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity Municipal volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Fidelity Municipal correlated with the market. If Beta is less than 0 Fidelity Municipal generally moves in the opposite direction as compared to the market. If Fidelity Municipal Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity Municipal is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity Municipal is generally in the same direction as the market. If Beta > 1 Fidelity Municipal moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity Municipal April 16, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity Municipal help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity Municipal Income. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Municipal Income based on widely used predictive technical indicators. In general, we focus on analyzing Fidelity Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fidelity Municipal's daily price indicators and compare them against related drivers.
| Information Ratio | (0.43) | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.2471 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Municipal Income. 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 real. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.