Fidelity California Municipal Fund Price To Book
Fidelity California Municipal fundamentals help investors to digest information that contributes to Fidelity California's financial success or failures. It also enables traders to predict the movement of Fidelity Mutual Fund. The fundamental analysis module provides a way to measure Fidelity California's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fidelity California mutual fund.
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Fidelity California Municipal Mutual Fund Price To Book Analysis
Fidelity California's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
CompetitionBased on the latest financial disclosure, Fidelity California Municipal has a Price To Book of 0.0 times. This is 100.0% lower than that of the Fidelity Investments family and about the same as Muni California Long (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
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| All Next | Launch Module |
Fidelity Fundamentals
| Total Asset | 1.7 B | |||
| Annual Yield | 0.01 % | |||
| Year To Date Return | 2.36 % | |||
| One Year Return | 6.59 % | |||
| Three Year Return | (0.09) % | |||
| Five Year Return | 1.19 % | |||
| Ten Year Return | 4.43 % | |||
| Net Asset | 1.87 B | |||
| Cash Position Weight | (0.68) % | |||
| Bond Positions Weight | 0.58 % |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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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