Fidelity Michigan Municipal Fund Net Income
| FMHTX Fund | USD 11.81 0.01 0.08% |
As of the 28th of February, Fidelity Michigan shows the Standard Deviation of 0.0951, coefficient of variation of 292.78, and Mean Deviation of 0.068. Fidelity Michigan technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices.
Fidelity Michigan's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Fidelity Michigan's valuation are provided below:Fidelity Michigan Municipal does not presently have any fundamental signals for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Fidelity |
Fidelity Michigan 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Michigan's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Michigan.
| 11/30/2025 |
| 02/28/2026 |
If you would invest 0.00 in Fidelity Michigan on November 30, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity Michigan Municipal or generate 0.0% return on investment in Fidelity Michigan over 90 days. Fidelity Michigan is related to or competes with Fidelity Arizona, Stone Harbor, Eaton Vance, Blackstone Gso, Credit Suisse, Nuveen Arizona, and Nuveen New. The fund normally invests at least 80 percent of its assets in investment-grade municipal securities whose interest is e... More
Fidelity Michigan Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Michigan's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Michigan Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1683 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 0.6022 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.1717 |
Fidelity Michigan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Michigan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Michigan's standard deviation. In reality, there are many statistical measures that can use Fidelity Michigan historical prices to predict the future Fidelity Michigan's volatility.| Risk Adjusted Performance | 0.1909 | |||
| Jensen Alpha | 0.023 | |||
| Total Risk Alpha | 0.0125 | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | (3.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Michigan's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fidelity Michigan February 28, 2026 Technical Indicators
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1909 | |||
| Market Risk Adjusted Performance | (3.34) | |||
| Mean Deviation | 0.068 | |||
| Downside Deviation | 0.1683 | |||
| Coefficient Of Variation | 292.78 | |||
| Standard Deviation | 0.0951 | |||
| Variance | 0.009 | |||
| Information Ratio | (0.60) | |||
| Jensen Alpha | 0.023 | |||
| Total Risk Alpha | 0.0125 | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | (3.35) | |||
| Maximum Drawdown | 0.6022 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.1717 | |||
| Downside Variance | 0.0283 | |||
| Semi Variance | (0.03) | |||
| Expected Short fall | (0.12) | |||
| Skewness | 0.1148 | |||
| Kurtosis | 3.31 |
Fidelity Michigan Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Michigan secures Sharpe Ratio (or Efficiency) of 0.31, which denotes the fund had a 0.31 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fidelity Michigan Municipal, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Michigan's Coefficient Of Variation of 292.78, standard deviation of 0.0951, and Mean Deviation of 0.068 to check if the risk estimate we provide is consistent with the expected return of 0.0295%. The fund shows a Beta (market volatility) of -0.0067, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Michigan are expected to decrease at a much lower rate. During the bear market, Fidelity Michigan is likely to outperform the market.
Auto-correlation | 0.86 |
Very good predictability
Fidelity Michigan Municipal has very good predictability. Overlapping area represents the amount of predictability between Fidelity Michigan time series from 30th of November 2025 to 14th of January 2026 and 14th of January 2026 to 28th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Michigan price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Fidelity Michigan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Fidelity Michigan Municipal reported net income of 0.0. This indicator is about the same for the Fidelity Investments average (which is currently at 0.0) family and about the same as Muni Single State 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).
Fidelity Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fidelity Michigan's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Fidelity Michigan could also be used in its relative valuation, which is a method of valuing Fidelity Michigan by comparing valuation metrics of similar companies.Fidelity Michigan is currently under evaluation in net income among similar funds.
Fidelity Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fidelity Michigan's current stock value. Our valuation model uses many indicators to compare Fidelity Michigan value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fidelity Michigan competition to find correlations between indicators driving Fidelity Michigan's intrinsic value. More Info.Fidelity Michigan Municipal 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 47.77 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 Michigan's earnings, one of the primary drivers of an investment's value.Fund Asset Allocation for Fidelity Michigan
The fund consists of 97.93% investments in fixed income securities, with the rest of funds allocated in cash.Asset allocation divides Fidelity Michigan's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors for a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will manage securities in the fund's portfolio as market conditions and the fund's objectives change.
Fidelity Fundamentals
| Total Asset | 494.16 M | ||||
| Annual Yield | 0.03 % | ||||
| Year To Date Return | 1.36 % | ||||
| One Year Return | 5.20 % | ||||
| Three Year Return | 4.32 % | ||||
| Five Year Return | 1.00 % | ||||
| Ten Year Return | 3.95 % | ||||
| Net Asset | 494.16 M | ||||
| Cash Position Weight | 2.07 % | ||||
| Bond Positions Weight | 97.93 % |
About Fidelity Michigan Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fidelity Michigan Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Michigan using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Michigan Municipal based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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 Michigan 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 Michigan security.
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