Fidelity California Municipal Fund Market Value
| FCTFX Fund | USD 12.53 0.01 0.08% |
| Symbol | Fidelity |
Fidelity California '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 California'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 California.
| 11/17/2025 |
| 02/15/2026 |
If you would invest 0.00 in Fidelity California on November 17, 2025 and sell it all today you would earn a total of 0.00 from holding Fidelity California Municipal or generate 0.0% return on investment in Fidelity California over 90 days. Fidelity California is related to or competes with Fidelity Massachusetts, Nuveen California, Eaton Vance, Fidelity New, Shenkman Short, Nuveen Municipal, and Royce Pennsylvania. The fund normally invests at least 80 percent of assets in municipal securities whose interest is exempt from federal an... More
Fidelity California 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 California'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 California Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1638 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 0.5688 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.2425 |
Fidelity California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity California's standard deviation. In reality, there are many statistical measures that can use Fidelity California historical prices to predict the future Fidelity California's volatility.| Risk Adjusted Performance | 0.1655 | |||
| Jensen Alpha | 0.0201 | |||
| Total Risk Alpha | 0.0127 | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 2.48 |
Fidelity California February 15, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1655 | |||
| Market Risk Adjusted Performance | 2.49 | |||
| Mean Deviation | 0.0769 | |||
| Downside Deviation | 0.1638 | |||
| Coefficient Of Variation | 349.34 | |||
| Standard Deviation | 0.1069 | |||
| Variance | 0.0114 | |||
| Information Ratio | (0.37) | |||
| Jensen Alpha | 0.0201 | |||
| Total Risk Alpha | 0.0127 | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 2.48 | |||
| Maximum Drawdown | 0.5688 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.2425 | |||
| Downside Variance | 0.0268 | |||
| Semi Variance | (0.02) | |||
| Expected Short fall | (0.12) | |||
| Skewness | (0.45) | |||
| Kurtosis | 3.04 |
Fidelity California Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity California secures Sharpe Ratio (or Efficiency) of 0.29, which denotes the fund had a 0.29 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Fidelity California Municipal, which you can use to evaluate the volatility of the entity. Please confirm Fidelity California's Coefficient Of Variation of 349.34, mean deviation of 0.0769, and Standard Deviation of 0.1069 to check if the risk estimate we provide is consistent with the expected return of 0.0313%. The fund shows a Beta (market volatility) of 0.0083, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity California is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Fidelity California Municipal has below average predictability. Overlapping area represents the amount of predictability between Fidelity California time series from 17th of November 2025 to 1st of January 2026 and 1st of January 2026 to 15th 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 California price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Fidelity California price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Also Currently Popular
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.
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |