FIDELITY SAI Total Risk Alpha
| FSMNX Fund | | | USD 9.95 -0.02 -0.20% |
This technical indicator view for Total Risk Alpha organizes signals for Fidelity Sai Municipal and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Review
Investing Opportunities to understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in Fidelity Sai 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 inflation.
Fidelity Sai Municipal has current Total Risk Alpha of 0.0139. 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] |
| = | 0.0139 | |
| ER[a] | = | Expected return on investing in FIDELITY SAI |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on FIDELITY SAI |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
FIDELITY SAI Total Risk Alpha Peers Comparison
FIDELITY Total Risk Alpha Relative To Other Indicators
Fidelity Sai 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
72.18 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Fidelity Sai Municipal is roughly
72.18 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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