Fidelity Municipal Bond Etf Market Value
| FMUB Etf | 51.26 0.02 0.04% |
| Symbol | Fidelity |
The market value of Fidelity Municipal Bond is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Municipal's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity Municipal's market value can be influenced by many factors that don't directly affect Fidelity Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fidelity Municipal '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 Municipal's etf 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 Municipal.
| 01/23/2024 |
| 01/12/2026 |
If you would invest 0.00 in Fidelity Municipal on January 23, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Municipal Bond or generate 0.0% return on investment in Fidelity Municipal over 720 days. Fidelity Municipal is related to or competes with BlackRock Intermediate, Pacer Trendpilot, Innovator Power, AB High, YieldMax Bitcoin, Brookstone Growth, and TCW Compounders. Fidelity Municipal is entity of United States More
Fidelity Municipal 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 Municipal's etf 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 Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1388 | |||
| Information Ratio | (0.59) | |||
| Maximum Drawdown | 0.533 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.1974 |
Fidelity Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Municipal's standard deviation. In reality, there are many statistical measures that can use Fidelity Municipal historical prices to predict the future Fidelity Municipal's volatility.| Risk Adjusted Performance | 0.1204 | |||
| Jensen Alpha | 0.0165 | |||
| Total Risk Alpha | 0.004 | |||
| Sortino Ratio | (0.49) | |||
| Treynor Ratio | 4.12 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Municipal'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 Municipal Bond Backtested Returns
At this point, Fidelity Municipal is very steady. Fidelity Municipal Bond secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the etf had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Municipal Bond, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Municipal's Mean Deviation of 0.0883, coefficient of variation of 423.34, and Standard Deviation of 0.1139 to check if the risk estimate we provide is consistent with the expected return of 0.0213%. The etf shows a Beta (market volatility) of 0.0041, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Municipal is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Fidelity Municipal Bond has no correlation between past and present. Overlapping area represents the amount of predictability between Fidelity Municipal time series from 23rd of January 2024 to 17th of January 2025 and 17th of January 2025 to 12th of January 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 Municipal Bond price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fidelity Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fidelity Municipal Bond lagged returns against current returns
Autocorrelation, which is Fidelity Municipal etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Municipal's etf expected returns. We can calculate the autocorrelation of Fidelity Municipal returns to help us make a trade decision. For example, suppose you find that Fidelity Municipal has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fidelity Municipal regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Municipal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Municipal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Municipal etf over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Municipal Lagged Returns
When evaluating Fidelity Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Municipal etf have on its future price. Fidelity Municipal autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Municipal autocorrelation shows the relationship between Fidelity Municipal etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Municipal Bond.
Regressed Prices |
| Timeline |
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.When determining whether Fidelity Municipal Bond offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fidelity Municipal's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fidelity Municipal Bond Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fidelity Municipal Bond Etf:Check out Fidelity Municipal Correlation, Fidelity Municipal Volatility and Fidelity Municipal Alpha and Beta module to complement your research on Fidelity Municipal. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Fidelity Municipal technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.