Fidelity Municipal Competition

FIMSX Fund

USD 10.00 0.00 0.00%

Fidelity Municipal Income competes with Fidelity Freedom, Fidelity Puritan, Fidelity Puritan, Fidelity Pennsylvania, and Fidelity Freedom; as well as few others. The fund is listed under Muni Target Maturity category and is part of Fidelity Investments family. Analyzing Fidelity Municipal competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Fidelity Municipal to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Fidelity Municipal Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Fidelity Municipal competition on your existing holdings.

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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.

Hype

Prediction

Low	Estimated	High
9.95	10.00	10.05

Details

Intrinsic

Valuation

Low	Real	High
9.94	9.99	10.04

Details

Fidelity Municipal Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Fidelity Municipal and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Fidelity and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Fidelity Municipal Income does not affect the price movement of the other competitor.

	FPTKX	FPURX	FPUKX	FPXTX	FQIFX	FQIPX	FQITX	FQLSX	FRAGX	FRAMX
FPTKX		0.2	0.2	0.75	0.95	0.68	0.75	0.72	0.45	0.9	FPTKX
FPURX	0.2		1.0	0.34	0.47	0.82	-0.44	0.77	0.94	-0.04	FPURX
FPUKX	0.2	1.0		0.34	0.47	0.82	-0.44	0.77	0.94	-0.04	FPUKX
FPXTX	0.75	0.34	0.34		0.78	0.59	0.35	0.59	0.48	0.7	FPXTX
FQIFX	0.95	0.47	0.47	0.78		0.86	0.53	0.87	0.69	0.8	FQIFX
FQIPX	0.68	0.82	0.82	0.59	0.86		0.1	0.99	0.95	0.45	FQIPX
FQITX	0.75	-0.44	-0.44	0.35	0.53	0.1		0.16	-0.2	0.78	FQITX
FQLSX	0.72	0.77	0.77	0.59	0.87	0.99	0.16		0.92	0.48	FQLSX
FRAGX	0.45	0.94	0.94	0.48	0.69	0.95	-0.2	0.92		0.21	FRAGX
FRAMX	0.9	-0.04	-0.04	0.7	0.8	0.45	0.78	0.48	0.21		FRAMX
	FPTKX	FPURX	FPUKX	FPXTX	FQIFX	FQIPX	FQITX	FQLSX	FRAGX	FRAMX

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High positive correlations

FPUKX	+ 1.0	FPURX
FQLSX	+ 0.99	FQIPX
FQIFX	+ 0.95	FPTKX
FRAGX	+ 0.95	FQIPX
FRAGX	+ 0.94	FPURX
FRAGX	+ 0.94	FPUKX

High negative correlations

FQITX	- 0.44	FPUKX
FQITX	- 0.44	FPURX
FRAGX	- 0.2	FQITX
FRAMX	- 0.04	FPUKX
FRAMX	- 0.04	FPURX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Municipal Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fidelity Municipal's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FPTKX	0.26	(0.04)	0.00	(0.51)	0.00	0.00	0.58	(0.59)	2.11
FPURX	0.42	0.02	(0.03)	(3.54)	0.64	(0.41)	0.77	(0.94)	3.83
FPUKX	0.42	0.02	(0.03)	(1.97)	0.62	(0.44)	0.80	(0.98)	3.84
FPXTX	0.16	(0.03)	0.00	(4.27)	0.00	0.00	0.29	(0.38)	1.43
FQIFX	0.31	(0.03)	0.00	(0.37)	0.00	0.00	0.66	(0.66)	2.61
FQIPX	0.46	0.00	(0.05)	0.06	0.69	(0.45)	0.98	(0.89)	3.70
FQITX	0.67	(0.14)	0.00	(1.04)	0.00	0.00	1.04	(1.79)	5.40
FQLSX	0.49	0.00	(0.05)	0.02	0.69	(0.50)	1.04	(1.02)	3.91
FRAGX	0.44	0.02	(0.03)	0.30	0.64	(0.44)	0.86	(0.78)	3.88
FRAMX	0.20	(0.05)	0.00	(0.69)	0.00	0.00	0.37	(0.39)	1.65

Unable to evaluate fundamental data of [FPTKX, FPURX, FPUKX, FPXTX, FQIFX, FQIPX, FQITX, FQLSX, FRAGX, FRAMX] at this time. Please try again later

All Fundamental Data

Fidelity Municipal Competitive Analysis

The better you understand Fidelity Municipal competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Fidelity Municipal's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Fidelity Municipal's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	FIMSX	FPTKX	FPURX	FPUKX	FPXTX	FQIFX	FQIPX	FQITX	FQLSX	FRAGX
	0.00 10.00 Fidelity	0.34 11.77 Fidelity	0.76 25.31 Fidelity	0.80 25.29 Fidelity	0.19 10.45 Fidelity	0.47 19.36 Fidelity	0.71 26.87 Fidelity	0.16 12.36 Fidelity	0.60 13.48 Fidelity	0.69 11.60 Aggressive
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	OK	Very Weak	Insignificant	Insignificant	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Cautious Hold	Strong Sell	Cautious Hold	Sell	Cautious Hold	Sell	Cautious Hold	Sell	Cautious Hold
Net Asset	25 M	5.48 B	27.84 B	29.52 B	407.89 M	13.66 B	16.71 B	318.52 M	27.81 M	915.85 K
Price To Book	N/A	N/A	2.71	2.71	N/A	2.06	N/A	N/A	N/A	N/A
Five Year Return	1.0	4.32	11.33	11.43	0.85	5.2	N/A	N/A	9.44	N/A
One Year Return	2.9	7.76	21.02	21.16	1.82	10.0	N/A	N/A	17.1	N/A
Last Dividend Paid	0.01	0.01	0.05	0.06	N/A	0.01	N/A	0.1	N/A	N/A
Price To Earning	N/A	N/A	21.01	21.01	N/A	17.67	N/A	N/A	N/A	N/A
Price To Sales	N/A	N/A	2.67	2.67	N/A	1.45	N/A	N/A	N/A	N/A
Cash Position Weight	4.63	4.0	3.84	1.73	1.67	6.25	0.08	1.21	4.11	N/A
Equity Positions Weight	N/A	39.03	67.55	64.46	N/A	55.64	90.03	98.79	88.78	N/A
Three Year Return	0.17	1.26	7.06	7.14	-0.79	1.86	N/A	N/A	5.58	N/A
Annual Yield	0.0014	0.0276	0.0155	0.0161	0.007	0.0216	0.0173	0.0245	0.0174	0.0153
Year To Date Return	2.83	6.84	19.62	19.76	1.53	8.81	N/A	N/A	14.81	N/A
Bond Positions Weight	0.41	7.8	26.47	3.45	98.33	37.75	1.25	N/A	6.31	N/A
Ten Year Return	N/A	6.75	9.92	10.03	4.01	7.73	N/A	N/A	N/A	N/A
Daily Balance Of Power	0.0	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	10.0	11.77	25.31	25.29	10.45	19.36	26.87	12.36	13.48	11.6
Period Momentum Indicator	N/A	0.04	0.19	0.2	0.02	0.09	0.19	0.02	0.08	0.08
Rate Of Daily Change	1.0	1.0	1.01	1.01	1.0	1.0	1.01	1.0	1.01	1.01
Day Median Price	10.0	11.77	25.31	25.29	10.45	19.36	26.87	12.36	13.48	11.6
Price Action Indicator	N/A	0.02	0.095	0.1	0.01	0.045	0.095	0.01	0.04	0.04
Coefficient Of Variation	631.34	(1,516)	1987.0	1948.49	(1,230)	(2,727)	3971.98	(726.62)	5322.02	2019.7
Mean Deviation	0.0285	0.2641	0.4157	0.4185	0.1643	0.3104	0.4558	0.674	0.4889	0.4382
Jensen Alpha	(0)	(0.04)	0.0197	0.0206	(0.03)	(0.03)	0.0014	(0.14)	(0)	0.0166
Total Risk Alpha	(0)	(0.05)	(0.01)	(0.01)	(0.04)	(0.05)	(0.03)	(0.18)	(0.03)	(0.01)
Sortino Ratio	N/A	N/A	(0.03)	(0.03)	N/A	N/A	(0.05)	N/A	(0.05)	(0.03)
Downside Variance	N/A	N/A	0.5376	0.4914	N/A	N/A	0.5641	N/A	0.5858	0.4958
Standard Deviation	0.0577	0.3582	0.586	0.5871	0.2443	0.4218	0.6141	0.9008	0.652	0.5945
Kurtosis	11.39	2.0	3.93	3.86	3.18	3.66	3.8	1.65	2.71	4.57
Potential Upside	0.1005	0.5848	0.7722	0.7971	0.2871	0.6643	0.9752	1.04	1.04	0.8643
Treynor Ratio	(0.07)	(0.51)	(3.54)	(1.97)	(4.27)	(0.37)	0.0582	(1.04)	0.0216	0.3013
Maximum Drawdown	0.4009	2.11	3.83	3.84	1.43	2.61	3.7	5.4	3.91	3.88
Variance	0.0033	0.1283	0.3434	0.3447	0.0597	0.1779	0.3771	0.8114	0.4252	0.3534
Market Risk Adjusted Performance	(0.06)	(0.50)	(3.53)	(1.96)	(4.26)	(0.36)	0.0682	(1.03)	0.0316	0.3113
Risk Adjusted Performance	(0)	(0.06)	0.0364	0.0372	(0.09)	(0.04)	0.0171	(0.11)	0.0127	0.036
Skewness	2.52	(0.57)	(1.10)	(1.07)	(0.95)	(1.08)	(1.20)	0.0783	(0.89)	(1.26)
Semi Deviation	N/A	N/A	0.6437	0.6173	N/A	N/A	0.6877	N/A	0.694	0.6448
Information Ratio	(0.77)	(0.21)	(0.04)	(0.04)	(0.30)	(0.16)	(0.06)	(0.20)	(0.06)	(0.04)
Value At Risk	(0.10)	(0.59)	(0.94)	(0.98)	(0.38)	(0.66)	(0.89)	(1.79)	(1.02)	(0.78)
Expected Short fall	N/A	N/A	(0.41)	(0.44)	N/A	N/A	(0.45)	N/A	(0.50)	(0.44)
Downside Deviation	N/A	N/A	0.7332	0.701	N/A	N/A	0.7511	N/A	0.7654	0.7041
Semi Variance	N/A	N/A	0.4144	0.3811	N/A	N/A	0.4729	N/A	0.4817	0.4158

Fidelity Municipal Competition Performance Charts

Five steps to successful analysis of Fidelity Municipal Competition

Fidelity Municipal's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Fidelity Municipal Income in relation to its competition. Fidelity Municipal's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Fidelity Municipal in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Fidelity Municipal's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Fidelity Municipal Income, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Fidelity Municipal position

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Other Information on Investing in Fidelity Mutual Fund

Fidelity Municipal 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 Municipal security.

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