The fund shows a Beta (market volatility) of 0.1504, which means not very significant fluctuations relative to the market. As returns on the market increase, FIDELITY FLEX returns are expected to increase less than the market. However, during the bear market, the loss on holding FIDELITY FLEX will be expected to be smaller as well. Our approach into predicting any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. FIDELITY FLEX MUNICIPAL exposes fifteen different technical indicators, which can help you to evaluate its performance.
0 of 100
Over the last 90 days FIDELITY FLEX MUNICIPAL has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, FIDELITY FLEX is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors....more
|Fifty Two Week Low||9.00|
|Fifty Two Week High||10.56|
FIDELITY FLEX Relative Risk vs. Return LandscapeIf you would invest 958.00 in FIDELITY FLEX MUNICIPAL on June 27, 2023 and sell it today you would lose (21.00) from holding FIDELITY FLEX MUNICIPAL or give up 2.19% of portfolio value over 90 days. FIDELITY FLEX MUNICIPAL is currently producing negative expected returns and takes up 0.1941% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than FIDELITY, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Assuming the 90 days horizon FIDELITY FLEX is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 3.08 times less risky than the market. the firm trades about -0.18 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.01 of returns per unit of risk over similar time horizon.
FIDELITY FLEX Current Valuation
FIDELITY FLEX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIDELITY FLEX's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as FIDELITY FLEX MUNICIPAL, and traders can use it to determine the average amount a FIDELITY FLEX's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
FIDELITY FLEX Fundamentals Growth
FIDELITY Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of FIDELITY FLEX, and FIDELITY FLEX fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on FIDELITY Mutual Fund performance.
About FIDELITY FLEX Performance
Things to note about FIDELITY FLEX MUNICIPAL performance evaluationChecking the ongoing alerts about FIDELITY FLEX for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for FIDELITY FLEX MUNICIPAL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions. Evaluating FIDELITY FLEX's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate FIDELITY FLEX's mutual fund performance include:
- Analyzing FIDELITY FLEX's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether FIDELITY FLEX's stock is overvalued or undervalued compared to its peers.
- Examining FIDELITY FLEX's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating FIDELITY FLEX's management team can have a significant impact on its success or failure. Reviewing the track record and experience of FIDELITY FLEX's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of FIDELITY FLEX's mutual fund. These opinions can provide insight into FIDELITY FLEX's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FIDELITY FLEX 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 industry. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for FIDELITY Mutual Fund analysis
When running FIDELITY FLEX's price analysis, check to measure FIDELITY FLEX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FIDELITY FLEX is operating at the current time. Most of FIDELITY FLEX's value examination focuses on studying past and present price action to predict the probability of FIDELITY FLEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIDELITY FLEX's price. Additionally, you may evaluate how the addition of FIDELITY FLEX to your portfolios can decrease your overall portfolio volatility.