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FMBIX
Mutual Fund ticker: NASDAQ
AS OF
Jan 10 closing price
Price
$18.33
Change
-$0.08 (-0.43%)
Net Assets
178.02M

FMBIX Fidelity Municipal Bond Index Forecast, Technical & Fundamental Analysis

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A.I.Advisor
published Highlights

Industry description

The investment seeks to provide a high current yield exempt from federal income tax. The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal income tax (but may be subject to the federal alternative minimum tax). It normally invests at least 80% of assets in securities included in the Bloomberg Municipal Bond Index, a market value-weighted index of investment-grade municipal bonds with maturities of one year or more.
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A.I. Advisor
published General Information

General Information

Category MuniNationalInterm

Profile
Fundamentals
Details
Category
Muni National Interm
Address
Fidelity Fixed Income Trust82 Devonshire StreetBoston
Phone
N/A
Web
www.institutional.fidelity.com
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FMBIX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, FMBIX has been closely correlated with FLTMX. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if FMBIX jumps, then FLTMX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FMBIX
1D Price
Change %
FMBIX100%
-0.43%
FLTMX - FMBIX
95%
Closely correlated
-0.20%
NMBAX - FMBIX
94%
Closely correlated
-0.34%
RLVSX - FMBIX
94%
Closely correlated
-0.18%
RTEAX - FMBIX
94%
Closely correlated
-0.18%
MDNLX - FMBIX
90%
Closely correlated
-0.30%
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