FIDELITY ARIZONA Total Risk Alpha
| FSAZX Fund | | | USD 11.56 -0.04 -0.34% |
FIDELITY ARIZONA total risk alpha lookup summarizes this and related technical indicators for Fidelity Arizona Municipal. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Use
Investing Opportunities to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Fidelity Arizona Municipal within the portfolio mix. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Fidelity Arizona Municipal has current Total Risk Alpha of 0.006. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.006 | |
| ER[a] | = | Expected return on investing in FIDELITY ARIZONA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on FIDELITY ARIZONA |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
FIDELITY ARIZONA Total Risk Alpha Peers Comparison
FIDELITY Total Risk Alpha Relative To Other Indicators
Fidelity Arizona Municipal is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
142.95 of Maximum Drawdown per Total Risk Alpha.
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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