Fidelity Michigan Municipal Fund Market Value
| FMHTX Fund | USD 11.76 0.02 0.17% |
| Symbol | 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.
| 11/19/2025 |
| 02/17/2026 |
If you would invest 0.00 in Fidelity Michigan on November 19, 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 Ohio, Fidelity Pennsylvania, Fidelity New, Nuveen Pennsylvania, Nuveen Build, Fidelity Minnesota, and Pimco California. 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 | 0.152 | |||
| Information Ratio | (0.44) | |||
| 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 | 0.1394 | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | 0.0086 | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 2.08 |
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 17, 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 | 0.1394 | |||
| Market Risk Adjusted Performance | 2.09 | |||
| Mean Deviation | 0.0686 | |||
| Downside Deviation | 0.152 | |||
| Coefficient Of Variation | 384.05 | |||
| Standard Deviation | 0.1 | |||
| Variance | 0.01 | |||
| Information Ratio | (0.44) | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | 0.0086 | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 2.08 | |||
| Maximum Drawdown | 0.6022 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.1717 | |||
| Downside Variance | 0.0231 | |||
| Semi Variance | (0.02) | |||
| Expected Short fall | (0.13) | |||
| Skewness | 0.5293 | |||
| Kurtosis | 3.44 |
Fidelity Michigan Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Michigan secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the fund had a 0.26 % return per unit of risk over the last 3 months. We have found twenty-six 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 384.05, mean deviation of 0.0686, and Standard Deviation of 0.1 to check if the risk estimate we provide is consistent with the expected return of 0.0272%. The fund shows a Beta (market volatility) of 0.0077, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Michigan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Michigan is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
Fidelity Michigan Municipal has good predictability. Overlapping area represents the amount of predictability between Fidelity Michigan time series from 19th of November 2025 to 3rd of January 2026 and 3rd of January 2026 to 17th 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 0.68 indicates that around 68.0% of current Fidelity Michigan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.47 | |
| 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 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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