Fidelity Salem Street Fund Price on October 31, 2023
| FEMVX Fund | USD 13.64 0.04 0.29% |
Below is the normalized historical share price chart for Fidelity Salem Street extending back to May 12, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fidelity Salem stands at 13.64, as last reported on the 1st of December, with the highest price reaching 13.64 and the lowest price hitting 13.64 during the day.
If you're considering investing in Fidelity Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Salem Street secures Sharpe Ratio (or Efficiency) of 0.001, which denotes the fund had a 0.001% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Fidelity Salem Street, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Salem's Variance of 0.935, standard deviation of 0.9669, and Mean Deviation of 0.7101 to check if the risk estimate we provide is consistent with the expected return of 9.0E-4%.
Fidelity Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Fidelity |
Sharpe Ratio = 0.001
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FEMVX |
Estimated Market Risk
| 0.94 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity Salem is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Salem by adding Fidelity Salem to a well-diversified portfolio.
Fidelity Salem Valuation on October 31, 2023
It is possible to determine the worth of Fidelity Salem on a given historical date. On October 31, 2023 Fidelity was worth 10.73 at the beginning of the trading date compared to the closed value of 10.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fidelity Salem mutual fund. Still, in general, we apply an absolute valuation method to find Fidelity Salem's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fidelity Salem where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fidelity Salem's related companies.
| Open | High | Low | Close | Volume | |
| 10.76 | 10.76 | 10.76 | 10.76 | 1.00 | |
10/31/2023 | 10.73 | 10.73 | 10.73 | 10.73 | 1.00 |
| 10.82 | 10.82 | 10.82 | 10.82 | 1.00 |
| Backtest Fidelity Salem | | | Fidelity Salem History | | | Fidelity Salem Valuation | Previous | Next |
Fidelity Salem Trading Date Momentum on October 31, 2023
| On November 01 2023 Fidelity Salem Street was traded for 10.82 at the closing time. The highest daily price throughout the period was 10.82 and the lowest price was 10.82 . There was no trading activity during the period 1.0. Lack of trading volume on 11/01/2023 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.84% . The overall trading delta to current closing price is 3.45% . |
Fidelity Salem Street Fundamentals Correlations and Trends
By evaluating Fidelity Salem's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fidelity Salem's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fidelity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fidelity Salem Mutual Fund history
Fidelity Salem investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fidelity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fidelity Salem Street will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fidelity Salem stock prices may prove useful in developing a viable investing in Fidelity Salem
Normally investing at least 80 percent of assets in securities included in the Fidelity Emerging Markets Value Focus Index and in depositary receipts representing securities included in the index. The Fidelity Emerging Markets Value Focus Index is designed to reflect the performance of large and mid-cap stocks in emerging markets that have attractive valuation metrics.
Fidelity Salem Mutual Fund Technical Analysis
Fidelity Salem technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Fidelity Salem Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Fidelity Salem Street cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fidelity Salem December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Fidelity Salem mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fidelity Salem shares will generate the highest return on investment. By undertsting and applying Fidelity Salem mutual fund market strength indicators, traders can identify Fidelity Salem Street entry and exit signals to maximize returns
Fidelity Salem Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fidelity Salem's price direction in advance. Along with the technical and fundamental analysis of Fidelity Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fidelity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.1) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Fidelity Mutual Fund
Fidelity Salem 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 Salem security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |