Fidelity Salem Street Fund Manager Performance Evaluation
| FSNDX Fund | 10.76 0.04 0.37% |
The fund shows a Beta (market volatility) of 0.0095, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Salem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Salem is expected to be smaller as well.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Salem Street are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Fidelity Salem is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Fidelity Salem Relative Risk vs. Return Landscape
If you would invest 1,059 in Fidelity Salem Street on September 3, 2024 and sell it today you would earn a total of 17.00 from holding Fidelity Salem Street or generate 1.61% return on investment over 90 days. Fidelity Salem Street is currently producing 0.0251% returns and takes up 0.1926% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Fidelity, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Fidelity Salem Current Valuation
Fairly Valued
Today
Please note that Fidelity Salem's price fluctuation is very steady at this time. Fidelity Salem Street shows a prevailing Real Value of USD10.74 per share. The current price of the fund is USD10.76. Our model computes the value of Fidelity Salem Street from reviewing the entity technical indicators and probability of bankruptcy. In general, investors advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Fidelity Salem is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Salem's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.76 | Real 10.74 | Hype 10.76 | Naive 10.8 |
The intrinsic value of Fidelity Salem's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Fidelity Salem's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Fidelity Salem Street helps investors to forecast how Fidelity mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Fidelity Salem more accurately as focusing exclusively on Fidelity Salem's fundamentals will not take into account other important factors: Fidelity Salem Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Salem's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Salem Street, and traders can use it to determine the average amount a Fidelity Salem's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1302
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FSNDX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Fidelity Salem is performing at about 10% of its full potential. 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 it to a well-diversified portfolio.
About Fidelity Salem Performance
Evaluating Fidelity Salem's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fidelity Salem has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fidelity Salem has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests primarily in securities of foreign issuers, including securities of issuers located in emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. The fund normally invests at least 80 percent of assets in debt securities of all types and repurchase agreements for those securities.Things to note about Fidelity Salem Street performance evaluation
Checking the ongoing alerts about Fidelity Salem for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity Salem Street help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Fidelity Salem's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Fidelity Salem's mutual fund performance include:- Analyzing Fidelity Salem's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fidelity Salem's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Salem's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Fidelity Salem's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Salem's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Salem's mutual fund. These opinions can provide insight into Fidelity Salem's potential for growth and whether the stock is currently undervalued or overvalued.
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.
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