Fidelity Tax Free Bond Fund Probability of Future Mutual Fund Price Finishing Under 10.84

FTABX Fund  USD 11.16  0.02  0.18%   
Fidelity Tax-free's future price is the expected price of Fidelity Tax-free instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Fidelity Tax Free Bond performance during a given time horizon utilizing its historical volatility. Check out Fidelity Tax-free Backtesting, Portfolio Optimization, Fidelity Tax-free Correlation, Fidelity Tax-free Hype Analysis, Fidelity Tax-free Volatility, Fidelity Tax-free History as well as Fidelity Tax-free Performance.
  
Please specify Fidelity Tax-free's target price for which you would like Fidelity Tax-free odds to be computed.

Fidelity Tax-free Target Price Odds to finish below 10.84

The tendency of Fidelity Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 10.84  or more in 90 days
 11.16 90 days 10.84 
near 1
Based on a normal probability distribution, the odds of Fidelity Tax-free to drop to $ 10.84  or more in 90 days from now is near 1 (This Fidelity Tax Free Bond probability density function shows the probability of Fidelity Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Fidelity Tax Free price to stay between $ 10.84  and its current price of $11.16 at the end of the 90-day period is over 95.22 .
Assuming the 90 days horizon Fidelity Tax-free has a beta of 0.0611. This usually indicates as returns on the market go up, Fidelity Tax-free average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fidelity Tax Free Bond will be expected to be much smaller as well. Additionally Fidelity Tax Free Bond has an alpha of 0.0066, implying that it can generate a 0.006622 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Fidelity Tax-free Price Density   
       Price  

Predictive Modules for Fidelity Tax-free

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fidelity Tax Free. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
10.9011.1611.42
Details
Intrinsic
Valuation
LowRealHigh
10.2610.5212.28
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Tax-free. Your research has to be compared to or analyzed against Fidelity Tax-free's peers to derive any actionable benefits. When done correctly, Fidelity Tax-free's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fidelity Tax Free.

Fidelity Tax-free Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Fidelity Tax-free is not an exception. The market had few large corrections towards the Fidelity Tax-free's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Fidelity Tax Free Bond, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fidelity Tax-free within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.01
β
Beta against Dow Jones0.06
σ
Overall volatility
0.07
Ir
Information ratio -0.47

Fidelity Tax-free Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Fidelity Tax-free for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fidelity Tax Free can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Latest headline from news.google.com: Fidelity Tax-Free Bond Fund Q3 2024 Review - Seeking Alpha
The fund generated three year return of 0.0%
Fidelity Tax Free retains about 96.87% of its assets under management (AUM) in fixed income securities

Fidelity Tax-free Technical Analysis

Fidelity Tax-free's future price can be derived by breaking down and analyzing its technical indicators over time. Fidelity Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fidelity Tax Free Bond. In general, you should focus on analyzing Fidelity Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.

Fidelity Tax-free Predictive Forecast Models

Fidelity Tax-free's time-series forecasting models is one of many Fidelity Tax-free's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Fidelity Tax-free's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.

Things to note about Fidelity Tax Free

Checking the ongoing alerts about Fidelity Tax-free for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fidelity Tax Free help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Latest headline from news.google.com: Fidelity Tax-Free Bond Fund Q3 2024 Review - Seeking Alpha
The fund generated three year return of 0.0%
Fidelity Tax Free retains about 96.87% of its assets under management (AUM) in fixed income securities

Other Information on Investing in Fidelity Mutual Fund

Fidelity Tax-free 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 Tax-free security.
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