Fidelity Mega Cap Fund Manager Performance Evaluation
| FGRTX Fund | USD 26.39 0.10 0.38% |
The fund shows a Beta (market volatility) of -0.0524, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fidelity Mega are expected to decrease at a much lower rate. During the bear market, Fidelity Mega is likely to outperform the market.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Mega Cap are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Fidelity Mega may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio Date | 29th of August 2022 | |
| Expense Ratio | 0.5900 |
Fidelity |
Fidelity Mega Relative Risk vs. Return Landscape
If you would invest 2,474 in Fidelity Mega Cap on August 26, 2024 and sell it today you would earn a total of 165.00 from holding Fidelity Mega Cap or generate 6.67% return on investment over 90 days. Fidelity Mega Cap is currently producing 0.1021% returns and takes up 0.744% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Fidelity, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Fidelity Mega Current Valuation
Overvalued
Today
Please note that Fidelity Mega's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Fidelity Mega Cap shows a prevailing Real Value of $25.82 per share. The current price of the fund is $26.39. We determine the value of Fidelity Mega Cap from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Fidelity Mega is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Mega's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 26.39 | Real 25.82 | Hype 26.39 | Naive 26.22 |
The intrinsic value of Fidelity Mega's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Fidelity Mega's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Fidelity Mega Cap helps investors to forecast how Fidelity mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Fidelity Mega more accurately as focusing exclusively on Fidelity Mega's fundamentals will not take into account other important factors: Fidelity Mega Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Mega's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Mega Cap, and traders can use it to determine the average amount a Fidelity Mega's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1372
| Best Portfolio | Best Equity | |||
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| Cash | FGRTX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Fidelity Mega is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fidelity Mega by adding it to a well-diversified portfolio.
Fidelity Mega Fundamentals Growth
Fidelity Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity Mega, and Fidelity Mega fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fidelity Mutual Fund performance.
| Price To Earning | 17.76 X | ||||
| Price To Book | 2.22 X | ||||
| Price To Sales | 2.03 X | ||||
| Total Asset | 1.2 B | ||||
About Fidelity Mega Performance
Evaluating Fidelity Mega's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fidelity Mega has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fidelity Mega has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its assets in common stocks of companies with mega market capitalizations . It invests in domestic and foreign issuers and invests in either growth stocks or value stocks or both. The adviser uses fundamental analysis of factors such as each issuers financial condition and industry position, as well as market and economic conditions, to select investments.Things to note about Fidelity Mega Cap performance evaluation
Checking the ongoing alerts about Fidelity Mega for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity Mega Cap help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains 99.65% of its assets under management (AUM) in equities |
- Analyzing Fidelity Mega's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fidelity Mega's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity Mega's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Fidelity Mega's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity Mega's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity Mega's mutual fund. These opinions can provide insight into Fidelity Mega's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Fidelity Mutual Fund
Fidelity Mega 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 Mega security.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |