Is FGMNX a Strong Bond Fund Right Now - Yahoo Finance
FGMNX Fund | USD 10.07 0.01 0.1% |
Slightly above 56% of Fidelity Gnma's investor base is looking to short. The analysis of overall sentiment of trading Fidelity Gnma Fund mutual fund suggests that many investors are alarmed at this time. Fidelity Gnma's investing sentiment can be driven by a variety of factors including economic data, Fidelity Gnma's earnings reports, geopolitical events, and overall market trends.
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Is FGMNX a Strong Bond Fund Right Now Yahoo Finance
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Fidelity Gnma Fundamental Analysis
We analyze Fidelity Gnma's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fidelity Gnma using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fidelity Gnma 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.
Cash Position Weight
Cash Position Weight Comparative Analysis
Fidelity Gnma is currently under evaluation in cash position weight among similar funds. Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Fidelity Gnma Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fidelity Gnma mutual fund to make a market-neutral strategy. Peer analysis of Fidelity Gnma could also be used in its relative valuation, which is a method of valuing Fidelity Gnma by comparing valuation metrics with similar companies.
Peers
Fidelity Gnma Related Equities
SPHIX | Fidelity High | 0.13 | ||||
FNMIX | Fidelity New | 0.08 | ||||
FTBFX | Fidelity Total | 0.11 | ||||
FGOVX | Fidelity Government | 0.11 | ||||
FSHBX | Fidelity Short-term | 0.12 |
Other Information on Investing in Fidelity Mutual Fund
Fidelity Gnma 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 Gnma security.
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