Fidelity Gnma Financials
| FGMNX Fund | USD 10.15 0.08 0.79% |
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 Gnma Fund Summary
Fidelity Gnma competes with Fidelity Government, Fidelity Short-term, Fidelity Total, Fidelity New, and Fidelity High. The fund normally invests at least 80 percent of assets in Ginnie Maes and repurchase agreements for Ginnie Maes. It invests in other U.S. government securities and instruments related to U.S. government securities. The fund invests in U.S. government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury. It seeks to have similar overall interest rate risk to the Bloomberg Barclays GNMA Index.Specialization | Intermediate Government, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US31617K1051 |
| Business Address | Fidelity Income |
| Mutual Fund Family | Fidelity Investments |
| Mutual Fund Category | Intermediate Government |
| 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 Gnma's current stock value. Our valuation model uses many indicators to compare Fidelity Gnma value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity Gnma competition to find correlations between indicators driving Fidelity Gnma's intrinsic value. More Info.Fidelity Gnma Fund 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 172.48 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 Gnma's earnings, one of the primary drivers of an investment's value.Fidelity Gnma Systematic Risk
Fidelity Gnma's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity Gnma 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 Gnma correlated with the market. If Beta is less than 0 Fidelity Gnma generally moves in the opposite direction as compared to the market. If Fidelity Gnma Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity Gnma is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity Gnma is generally in the same direction as the market. If Beta > 1 Fidelity Gnma moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity Gnma November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity Gnma help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity Gnma Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity Gnma 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 Gnma's daily price indicators and compare them against related drivers.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.55 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.3976 |
Other Information on Investing in Fidelity Mutual Fund
Fidelity Gnma 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 Gnma security.
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