Fidelity Salem Street Fund Buy Hold or Sell Recommendation
| FQITX Fund | USD 13.11 0.06 0.46% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Fidelity Salem Street is 'Not Rated'. Macroaxis provides Fidelity Salem buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding FQITX positions. The advice algorithm takes into account all of Fidelity Salem's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Fidelity Salem's buy or sell advice are summarized below:
Real Value 0.0 | Hype Value 0.0 | Market Value 13.11 | Naive Value 13.17 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Fidelity Salem Street given historical horizon and risk tolerance towards Fidelity Salem. When Macroaxis issues a 'buy' or 'sell' recommendation for Fidelity Salem Street, the advice is generated through an automated system that utilizes algorithms and statistical models.
Fidelity |
Execute Fidelity Salem Buy or Sell Advice
The Fidelity recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Fidelity Salem Street. Macroaxis does not own or have any residual interests in Fidelity Salem Street or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Fidelity Salem's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | OK | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Analyst Consensus | Not Available | Details |
Fidelity Salem Trading Alerts and Improvement Suggestions
| The fund retains 98.79% of its assets under management (AUM) in equities |
Fidelity Salem Returns Distribution Density
The distribution of Fidelity Salem's historical returns is an attempt to chart the uncertainty of Fidelity Salem's future price movements. The chart of the probability distribution of Fidelity Salem daily returns describes the distribution of returns around its average expected value. We use Fidelity Salem Street price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Fidelity Salem returns is essential to provide solid investment advice for Fidelity Salem.
| Mean Return | 0.08 | Value At Risk | -1.17 | Potential Upside | 1.29 | Standard Deviation | 0.69 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Fidelity Salem historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Fidelity Salem Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Fidelity Salem or Fidelity Investments sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Fidelity Salem's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Fidelity fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.06 | |
β | Beta against NYSE Composite | 0.12 | |
σ | Overall volatility | 0.69 | |
Ir | Information ratio | 0.01 |
Fidelity Salem Volatility Alert
Fidelity Salem Street exhibits relatively low volatility with skewness of 0.03 and kurtosis of -0.1. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Fidelity Salem's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Fidelity Salem's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Fidelity Salem Fundamentals Vs Peers
Comparing Fidelity Salem's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Fidelity Salem's direct or indirect competition across all of the common fundamentals between Fidelity Salem and the related equities. This way, we can detect undervalued stocks with similar characteristics as Fidelity Salem or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Fidelity Salem's fundamental indicators could also be used in its relative valuation, which is a method of valuing Fidelity Salem by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Fidelity Salem to competition |
| Fundamentals | Fidelity Salem | Peer Average |
| Annual Yield | 0.02 % | 0.29 % |
| Net Asset | 318.52 M | 4.11 B |
| Last Dividend Paid | 0.1 | 0.65 |
| Cash Position Weight | 1.21 % | 10.61 % |
| Equity Positions Weight | 98.79 % | 63.90 % |
Fidelity Salem Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Fidelity . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 13.11 | |||
| Day Typical Price | 13.11 | |||
| Price Action Indicator | 0.03 | |||
| Period Momentum Indicator | 0.06 |
About Fidelity Salem Buy or Sell Advice
When is the right time to buy or sell Fidelity Salem Street? Buying financial instruments such as Fidelity Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Fidelity Salem in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Rentals Thematic Idea Now
Rentals
Companies providing rental and leasing services to public and business. The Rentals theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Rentals Theme or any other thematic opportunities.
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Check out Fidelity Salem Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.