Fidelity Mutual Fund Manager Performance Evaluation

FZROX
 Fund
  

USD 13.70  0.42  3.16%   

The fund shows a Beta (market volatility) of 1.2356, which means a somewhat significant risk relative to the market. Let's try to break down what Fidelity's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Total will likely underperform. Even though it is essential to pay attention to Fidelity Total Market historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Fidelity Total Market exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
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Fidelity Performance
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Over the last 90 days Fidelity Total Market has generated negative risk-adjusted returns adding no value to fund investors. In spite of weak performance in the last few months, the Fund's basic indicators remain fairly strong which may send shares a bit higher in July 2022. The current disturbance may also be a sign of long term up-swing for the fund investors.
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Fidelity Price Channel

Fifty Two Week Low12.80
Fifty Two Week High16.99

Fidelity Total Relative Risk vs. Return Landscape

If you would invest  1,604  in Fidelity Total Market on March 28, 2022 and sell it today you would lose (234.00)  from holding Fidelity Total Market or give up 14.59% of portfolio value over 90 days. Fidelity Total Market is currently producing negative expected returns and takes up 1.836% volatility of returns over 90 trading days. Put another way, 15% 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.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Fidelity Total is expected to under-perform the market. In addition to that, the company is 1.28 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.11 per unit of volatility.

Fidelity Total Current Valuation

Fairly Valued
Today 13.70
Please note that Fidelity Total's price fluctuation is not too volatile at this time.
Fidelity Total Market shows a prevailing Real Value of $13.89 per share. The current price of the fund is $13.7. At this time, the entity appears to be fairly valued. We determine the value of Fidelity Total Market from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued instruments and dropping overvalued instruments since, at some point, stock prices and their ongoing real values will submerge.
Our valuation method for Fidelity Total Market is useful when determining the fair value of the Fidelity mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Fidelity Total. Since Fidelity Total is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Fidelity Mutual Fund. However, Fidelity Total'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.
13.89
Real Value
15.73
Upside
Estimating the potential upside or downside of Fidelity Total Market 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 Total more accurately as focusing exclusively on Fidelity Total's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.6313.8114.99
Details
Hype
Prediction
LowEstimated ValueHigh
11.8613.7015.54
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.120.120.12
Details

Fidelity Total Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Total's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Fidelity Total Market, and traders can use it to determine the average amount a Fidelity Total'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 = -0.1271

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Negative ReturnsFZROX
Estimated Market Risk
 1.84
  actual daily
 
 15 %
of total potential
 
1515
Expected Return
 -0.23
  actual daily
 
 0 %
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00
Risk-Adjusted Return
 -0.13
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00
Based on monthly moving average Fidelity Total is performing at about 0% 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 Total by adding it to a well-diversified portfolio.

About Fidelity Total Performance

To evaluate Fidelity Total Market Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Fidelity Total generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Fidelity Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Fidelity Total Market stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Fidelity's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its assets in common stocks included in the Fidelity U.S. Fidelity Total is traded on NASDAQ Exchange in the United States.

Things to note about Fidelity Total Market

Checking the ongoing alerts about Fidelity Total for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fidelity Total Market help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Fidelity Total Alerts

Equity Alerts and Improvement Suggestions

Fidelity Total generated a negative expected return over the last 90 days
Fidelity Total is unlikely to experience financial distress in the next 2 years
The fund retains 99.71% of its assets under management (AUM) in equities
Please check Investing Opportunities. Note that the Fidelity Total Market information on this page should be used as a complementary analysis to other Fidelity Total's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Fidelity Mutual Fund analysis

When running Fidelity Total Market price analysis, check to measure Fidelity Total's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Total is operating at the current time. Most of Fidelity Total's value examination focuses on studying past and present price action to predict the probability of Fidelity Total's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fidelity Total's price. Additionally, you may evaluate how the addition of Fidelity Total to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Fidelity Total's value and its price as these two are different measures arrived at by different means. Investors typically determine Fidelity Total value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Total'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.