Fidelity New Competition

Mutual Funds . USA . 
Fund . Fidelity New Markets
FGWMX Fund  USD 12.81  0.07  0.55%   
Fidelity New Markets competes with Fidelity New, Fidelity New, HUMANA, and Barloworld; as well as few others. The fund is listed under Emerging Markets Bond category and is part of Fidelity Investments family. Analyzing Fidelity New competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Fidelity New to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Fidelity New Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Fidelity New competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
12.5212.8113.10
Details
Intrinsic
Valuation
LowRealHigh
12.5312.8213.11
Details
Naive
Forecast
LowNextHigh
12.4212.7113.01
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.6412.7512.86
Details

Fidelity New Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Fidelity New and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Fidelity and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Fidelity New Markets does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
FGVMX
+ 1.0
FGWMX
FGYMX
+ 1.0
FGVMX
FGYMX
+ 0.99
FGWMX
ABHYX
+ 0.81
FGWMX
ABHYX
+ 0.81
FGVMX
ABHYX
+ 0.8
FGYMX
  
High negative correlations   
LBHIX
- 0.54
444859BR2
MSTSX
- 0.53
444859BR2
BRRAY
- 0.46
FGVMX
BRRAY
- 0.46
FGWMX
MSTSX
- 0.45
BRRAY
BRRAY
- 0.45
FGYMX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity New Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fidelity New's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FGWMX  0.21  0.00 (0.38) 0.04  0.25 
(0.24)
 0.47 
(0.39)
 1.65 
FGVMX  0.20  0.00 (0.40) 0.03  0.22 
(0.25)
 0.39 
(0.47)
 1.57 
FGYMX  0.21 (0.01)(0.41)(0.04) 0.22 
(0.26)
 0.47 
(0.39)
 1.57 
444859BR2  1.35 (0.09) 0.00 (0.14) 0.00 
 0.00 
 5.93 
(5.79)
 16.62 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BRRAY  1.27 (0.13) 0.00  0.01  0.00 
 0.00 
 0.00 
(2.98)
 34.02 
MSTSX  0.49 (0.04)(0.13) 0.06  0.52 
(0.61)
 1.21 
(1.02)
 2.80 
LBHIX  0.11  0.01 (0.42) 0.38  0.00 
(0.29)
 0.24 
(0.24)
 0.96 
ABHYX  0.17  0.00 (0.24) 0.19  0.25 
(0.24)
 0.34 
(0.33)
 1.91 
SCAXF  0.70 (0.41) 0.00 (0.98) 0.00 
 0.00 
 0.00 
 0.00 
 23.47 
All Fundamental Data

Fidelity New Competitive Analysis

The better you understand Fidelity New competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Fidelity New's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Fidelity New's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
FGWMX FGVMX FGYMX 444859BR2 AQUI BRRAY MSTSX LBHIX ABHYX SCAXF
 0.55 
 12.81 
Fidelity
 0.55 
 12.81 
Fidelity
 0.55 
 12.81 
Fidelity
 1.70 
 80.35 
HUMANA
 0.00 
 0.01 
Aquagold
 0.00 
 4.23 
Barloworld
 1.28 
 11.88 
Morningstar
 0.23 
 4.25 
Thrivent
 0.33 
 8.99 
High-yield
 0.00 
 0.01 
Sparta
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Relatively risky
Very steady
Very steady
Very steady
Out of control
Market Performance
(90 Days Performance)
Insignificant
Insignificant
Insignificant
Very Weak
Very Weak
Very Weak
Modest
Good
Modest
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Below Average
Average
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Under Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Cautious Hold
Cautious Hold
Strong Hold
Strong Sell
Strong Hold
Strong Hold
Strong Sell
Cautious Hold
Strong Sell
Current Ratio
N/A
N/A
N/A
N/A
N/A
1.49
N/A
N/A
N/A
0.62
Net Asset
6.91 B
6.91 B
6.91 B
N/A
3.19 K
54.41 B
116.1 M
674.44 M
672.37 M
3.06 M
Profit Margin
N/A
N/A
N/A
N/A
N/A
0.0519
N/A
N/A
N/A
-0.1
EBITDA
N/A
N/A
N/A
N/A
(727.69 K)
2.77 B
N/A
N/A
N/A
(21.53 K)
Current Valuation
N/A
N/A
N/A
N/A
912.76 K
1.11 B
N/A
N/A
N/A
5.73 M
Operating Margin
N/A
N/A
N/A
N/A
N/A
0.1
N/A
N/A
N/A
-0.15
Price To Book
N/A
N/A
N/A
N/A
N/A
0.99
N/A
1.58
N/A
34.42
Five Year Return
1.41
1.43
0.69
N/A
N/A
3.98
8.6
3.46
1.69
N/A
Retained Earnings
N/A
N/A
N/A
N/A
(4.18 M)
13.37 B
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
N/A
N/A
N/A
25.84 B
N/A
N/A
N/A
N/A
One Year Return
13.28
13.37
12.55
N/A
N/A
N/A
19.87
11.94
11.13
N/A
Beta
N/A
N/A
N/A
N/A
7.05
0.63
N/A
N/A
N/A
1.75
Cash Position Weight
4.72
4.72
4.72
N/A
N/A
N/A
14.28
6.56
0.1
N/A
Number Of Employees
1
1
1
N/A
7
36
1
1
1
8
Equity Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
61.63
0.07
N/A
N/A
Shares Outstanding
N/A
N/A
N/A
N/A
965.83 K
185.7 M
N/A
N/A
N/A
233.95 M
Three Year Return
0.75
0.78
0.0563
N/A
N/A
N/A
7.0
3.06
-0.63
N/A
Cash Flow From Operations
N/A
N/A
N/A
N/A
(218.19 K)
1.89 B
N/A
N/A
N/A
210.37 K
Annual Yield
0.0492
0.0492
0.0426
N/A
N/A
0.0543
0.021
0.0617
0.0041
N/A
Total Debt
N/A
N/A
N/A
N/A
N/A
8.64 B
N/A
N/A
N/A
125 K
Return On Equity
N/A
N/A
N/A
N/A
N/A
0.0588
N/A
N/A
N/A
N/A
Bond Positions Weight
91.88
91.88
91.88
N/A
N/A
N/A
22.72
92.23
2.0
N/A
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
37.6
Holdings Turnover
N/A
N/A
N/A
N/A
N/A
N/A
269.0
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
-5.5
0.047
N/A
N/A
N/A
-0.21
Book Value Per Share
N/A
N/A
N/A
N/A
-1.18
99.76
N/A
N/A
N/A
-0.002
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
N/A
2 K
N/A
N/A
Current Liabilities
N/A
N/A
N/A
N/A
794 K
13.9 B
N/A
N/A
N/A
N/A
Total Asset
4.78 B
4.04 B
6.06 B
N/A
3.19 K
54.41 B
215.11 M
347.66 M
243.16 M
3.06 M
Debt To Equity
N/A
N/A
N/A
N/A
N/A
0.68
N/A
N/A
N/A
101.0
Target Price
N/A
N/A
N/A
N/A
N/A
7.68
N/A
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
4.6
N/A
0.02
0.03
N/A
Market Capitalization
N/A
N/A
N/A
N/A
96.58 K
955.54 M
50.36 M
N/A
N/A
7.72 M
Price To Earning
N/A
N/A
N/A
N/A
-0.22
9.18
N/A
35.48
N/A
19.55
Price To Sales
N/A
N/A
N/A
N/A
N/A
0.0285
N/A
1.23
N/A
0.63
Net Income
N/A
N/A
N/A
N/A
(627.79 K)
2.04 B
N/A
N/A
N/A
(609.44 K)
Earnings Per Share
N/A
N/A
N/A
N/A
-0.63
0.35
N/A
N/A
N/A
-0.003
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9.51
Year To Date Return
6.64
6.64
5.92
N/A
N/A
N/A
13.69
7.32
6.09
N/A
Revenue
N/A
N/A
N/A
N/A
N/A
39.38 B
N/A
N/A
N/A
5.19 M
Ten Year Return
4.9
4.9
4.13
N/A
N/A
N/A
N/A
6.0
4.84
N/A
Working Capital
N/A
N/A
N/A
N/A
(794 K)
11.95 B
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
N/A
1.15 K
5.11 B
N/A
N/A
N/A
909.32 K
Cash Per Share
N/A
N/A
N/A
N/A
N/A
25.52
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
(143.88 K)
5.12 B
N/A
N/A
N/A
3.68 M
Day Typical Price
12.81
12.81
12.81
80.35
0.006
4.23
11.88
4.25
8.99
0.015
Daily Balance Of Power
9.2 T
9.2 T
9.2 T
(9,223,372,036,855)
0.0
0.0
9.2 T
(9,223,372,036,855)
9.2 T
0.0
Period Momentum Indicator
0.07
0.07
0.07
(1.39)
N/A
N/A
0.15
(0.01)
0.03
N/A
Rate Of Daily Change
1.01
1.01
1.01
0.98
1.0
1.0
1.01
1.0
1.0
1.0
Day Median Price
12.81
12.81
12.81
80.35
0.006
4.23
11.88
4.25
8.99
0.015
Price Action Indicator
0.035
0.035
0.035
(0.70)
N/A
N/A
0.075
(0.01)
0.015
N/A
Relative Strength Index
53.63
54.04
53.65
49.13
N/A
49.38
56.87
58.23
57.76
N/A
Coefficient Of Variation
2603.85
2490.42
3226.56
(6,785)
N/A
25169.77
1342.2
679.17
1516.45
(812.40)
Mean Deviation
0.2149
0.2017
0.2062
1.35
N/A
1.27
0.4908
0.1113
0.1719
0.7004
Jensen Alpha
(0)
(0)
(0.01)
(0.09)
N/A
(0.13)
(0.04)
0.0105
0.0032
(0.41)
Total Risk Alpha
(0.04)
(0.04)
(0.05)
(0.46)
N/A
(0.65)
(0.06)
(0.01)
(0.04)
(0.82)
Sortino Ratio
(0.38)
(0.40)
(0.41)
N/A
N/A
N/A
(0.13)
(0.42)
(0.24)
N/A
Downside Variance
0.0976
0.0896
0.09
N/A
N/A
N/A
0.4354
0.0617
0.2181
N/A
Standard Deviation
0.2889
0.2753
0.2804
2.61
N/A
4.2
0.6349
0.1719
0.2892
2.89
Kurtosis
1.83
2.15
1.93
5.52
N/A
11.15
(0.03)
3.42
8.37
66.0
Potential Upside
0.468
0.3912
0.4677
5.93
N/A
N/A
1.21
0.2375
0.3382
N/A
Treynor Ratio
0.037
0.0301
(0.04)
(0.14)
N/A
0.0057
0.06
0.3847
0.1851
(0.98)
Maximum Drawdown
1.65
1.57
1.57
16.62
N/A
34.02
2.8
0.9552
1.91
23.47
Variance
0.0834
0.0758
0.0786
6.84
N/A
17.65
0.4031
0.0296
0.0836
8.35
Market Risk Adjusted Performance
0.047
0.0401
(0.03)
(0.13)
N/A
0.0157
0.07
0.3947
0.1951
(0.97)
Risk Adjusted Performance
0.0129
0.0129
0.0064
(0)
N/A
0.0112
0.0549
0.0781
0.034
(0.09)
Skewness
0.2981
0.4296
0.4432
0.909
N/A
0.4951
0.0725
1.11
(1.70)
(8.12)
Semi Deviation
0.2456
0.2162
0.2243
N/A
N/A
N/A
0.5156
0.0
0.2536
N/A
Information Ratio
(0.41)
(0.43)
(0.43)
(0.06)
N/A
(0.03)
(0.13)
(0.61)
(0.39)
(0.17)
Value At Risk
(0.39)
(0.47)
(0.39)
(5.79)
N/A
(2.98)
(1.02)
(0.24)
(0.33)
N/A
Expected Short fall
(0.24)
(0.25)
(0.26)
N/A
N/A
N/A
(0.61)
(0.29)
(0.24)
N/A
Downside Deviation
0.3123
0.2993
0.3001
N/A
N/A
N/A
0.6599
0.2483
0.467
N/A
Semi Variance
0.0603
0.0468
0.0503
N/A
N/A
N/A
0.2658
(0.01)
0.0643
N/A

Fidelity New Competition Performance Charts

Five steps to successful analysis of Fidelity New Competition

Fidelity New's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Fidelity New Markets in relation to its competition. Fidelity New's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Fidelity New in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Fidelity New's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Fidelity New Markets, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Fidelity New position

In addition to having Fidelity New in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Convertibles Funds Thematic Idea Now

Convertibles Funds
Convertibles Funds Theme
Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. The Convertibles Funds theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Convertibles Funds Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Fidelity Mutual Fund

Fidelity New financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity New security.
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY