Fidelity Magellan Financials
| FMGKX Fund | USD 13.91 0.12 0.87% |
Fidelity |
Please note that past performance is not an indicator of the future performance of Fidelity Magellan, 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 Magellan Fund Summary
Fidelity Magellan competes with American Funds. The fund invests primarily in common stocks. It invests in domestic and foreign issuers. The fund invests in either growth stocks or value stocks or both. The adviser uses fundamental analysis of factors such as each issuers financial condition and industry position, as well as market and economic conditions, to select investments.Specialization | Large Growth, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US3161842097 |
| Business Address | Fidelity Magellan |
| Mutual Fund Family | Fidelity Investments |
| Mutual Fund Category | Large Growth |
| Benchmark | NYSE Composite |
| Phone | 800 835 5092 |
| Currency | USD - US Dollar |
Fidelity Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Magellan's current stock value. Our valuation model uses many indicators to compare Fidelity Magellan value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity Magellan competition to find correlations between indicators driving Fidelity Magellan's intrinsic value. More Info.Fidelity Magellan Fund is one of the top funds in price to earning among similar funds. It is one of the top funds in price to book among similar funds fabricating about 1.06 of Price To Book per Price To Earning. Comparative valuation analysis is a catch-all model that can be used if you cannot value Fidelity Magellan by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fidelity Magellan'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 Magellan's earnings, one of the primary drivers of an investment's value.Fidelity Magellan Systematic Risk
Fidelity Magellan's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity Magellan 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.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Fidelity Magellan correlated with the market. If Beta is less than 0 Fidelity Magellan generally moves in the opposite direction as compared to the market. If Fidelity Magellan Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity Magellan is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity Magellan is generally in the same direction as the market. If Beta > 1 Fidelity Magellan moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity Magellan April 18, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity Magellan help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity Magellan Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Magellan Fund 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 Magellan's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8252 | |||
| Information Ratio | 0.1357 | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.72 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Magellan Fund. 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 industry. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.