Fidelity California Financials
| FCTFX Fund | USD 12.30 0.04 0.33% |
Fidelity |
Please note that you must use caution to infer results of funds 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 California Fund Summary
Fidelity California competes with Fidelity California, Fidelity Municipal, Fidelity Tax-free, Fidelity Limited, and Fidelity Intermediate. The fund normally invests at least 80 percent of assets in investment-grade municipal securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25 percent of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.Specialization | Muni California Long, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US3160612095 |
| Business Address | Fidelity California Municipal |
| Mutual Fund Family | Fidelity Investments |
| Mutual Fund Category | Muni California Long |
| Benchmark | Dow Jones Industrial |
| Phone | 800 544 8544 |
| Currency | USD - US Dollar |
Fidelity Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity California's current stock value. Our valuation model uses many indicators to compare Fidelity California value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity California competition to find correlations between indicators driving Fidelity California's intrinsic value. More Info.Fidelity California Municipal is one of the top funds in annual yield among similar funds. It also is one of the top funds in year to date return among similar funds creating about 394.03 of Year To Date Return per Annual Yield. 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 California's earnings, one of the primary drivers of an investment's value.Fidelity California Systematic Risk
Fidelity California's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity California 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 output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Fidelity California correlated with the market. If Beta is less than 0 Fidelity California generally moves in the opposite direction as compared to the market. If Fidelity California Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity California is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity California is generally in the same direction as the market. If Beta > 1 Fidelity California moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity California November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity California help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity California Municipal. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity California Municipal 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 California's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.398 | |||
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.55 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.3298 |
Other Information on Investing in Fidelity Mutual Fund
Fidelity California 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 California security.
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