Fidelity New Markets Fund Manager Performance Evaluation
| FGYMX Fund | USD 12.73 0.02 0.16% |
The fund shows a Beta (market volatility) of 0.0295, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity New is expected to be smaller as well.
Risk-Adjusted Performance
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Weak | Strong |
Very Weak
Over the last 90 days Fidelity New Markets has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong primary indicators, Fidelity New is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 1.8200 |
Fidelity |
Fidelity New Relative Risk vs. Return Landscape
If you would invest 1,274 in Fidelity New Markets on August 24, 2024 and sell it today you would lose (1.00) from holding Fidelity New Markets or give up 0.08% of portfolio value over 90 days. Fidelity New Markets is currently producing negative expected returns and takes up 0.2784% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Fidelity, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Fidelity New Current Valuation
Fairly Valued
Today
Please note that Fidelity New's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Fidelity New Markets shows a prevailing Real Value of $12.76 per share. The current price of the fund is $12.73. We determine the value of Fidelity New Markets 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 New is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity New'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 12.73 | Real 12.76 | Hype 12.73 | Naive 12.64 |
The intrinsic value of Fidelity New'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 New'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 New Markets 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 New more accurately as focusing exclusively on Fidelity New's fundamentals will not take into account other important factors: Fidelity New Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity New's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity New Markets, and traders can use it to determine the average amount a Fidelity New'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 = -0.0031
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FGYMX |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fidelity New is not performing at its full potential. However, 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 New by adding Fidelity New to a well-diversified portfolio.
Fidelity New Fundamentals Growth
Fidelity Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Fidelity New, and Fidelity New 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.
| Total Asset | 6.06 B | |||
About Fidelity New Performance
Evaluating Fidelity New's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fidelity New 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 New 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 normally invests at least 80 percent of assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.Things to note about Fidelity New Markets performance evaluation
Checking the ongoing alerts about Fidelity New for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Fidelity New Markets help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fidelity New Markets generated a negative expected return over the last 90 days | |
| The fund generated three year return of 0.0% | |
| Fidelity New Markets retains about 91.88% of its assets under management (AUM) in fixed income securities |
- Analyzing Fidelity New'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 New's stock is overvalued or undervalued compared to its peers.
- Examining Fidelity New'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 New's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fidelity New's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Fidelity New's mutual fund. These opinions can provide insight into Fidelity New's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Fidelity Mutual Fund
Fidelity New 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 New security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |