Fidelity New Financials
| FMILX Fund | USD 62.32 0.14 0.22% |
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 New Fund Summary
Fidelity New competes with Fidelity Focused, Fidelity Large, Computers Portfolio, Fidelity Trend, and Fidelity Growth. The fund normally invests in common stocks. The advisor identifies early signs of long-term changes in the marketplace and focusing on those companies that may benefit from opportunities created by these changes by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors, which can lead to investments in small and medium-sized companies. The fund invests in either growth stocks or value stocks or both.Specialization | Large Value, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US3162003020 |
| Business Address | Fidelity Mt Vernon |
| Mutual Fund Family | Fidelity Investments |
| Mutual Fund Category | Large Value |
| Benchmark | Dow Jones Industrial |
| Phone | 800 544 8544 |
| Currency | USD - US Dollar |
Fidelity New Key Financial Ratios
Fidelity Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity New's current stock value. Our valuation model uses many indicators to compare Fidelity New value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity New competition to find correlations between indicators driving Fidelity New's intrinsic value. More Info.Fidelity New Millennium is one of the top funds in price to earning among similar funds. It also is one of the top funds in price to book among similar funds fabricating about 0.10 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Fidelity New Millennium is roughly 9.80 . 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 New's earnings, one of the primary drivers of an investment's value.Fidelity New Millennium Systematic Risk
Fidelity New's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fidelity New 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 three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Fidelity New Millennium correlated with the market. If Beta is less than 0 Fidelity New generally moves in the opposite direction as compared to the market. If Fidelity New Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fidelity New Millennium is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fidelity New is generally in the same direction as the market. If Beta > 1 Fidelity New moves generally in the same direction as, but more than the movement of the benchmark.
Fidelity New November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fidelity New help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fidelity New Millennium. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fidelity New Millennium 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 New's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.9073 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.98 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.36 |
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.
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