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FUMIX
Mutual Fund ticker: NASDAQ
AS OF
Jan 17 closing price
Price
$17.34
Change
+$0.19 (+1.11%)
Net Assets
2.36B

FUMIX Fidelity SAI US Momentum Index Forecast, Technical & Fundamental Analysis

Category LargeGrowth
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Eli Lilly & Co (NYSE:LLY), Adobe (NASDAQ:ADBE), GE Aerospace (NYSE:GE), Advanced Micro Devices (NASDAQ:AMD).

Industry description

The investment seeks to provide investment results that correspond to the total return of U.S. stocks with high price momentum. The fund normally invests at least 80% of assets in securities included in the MSCI USA Custom Momentum Composite Index. The MSCI USA Custom Momentum Composite Index is a customized version of the MSCI USA Momentum Index, which is designed to reflect the performance of an equity momentum strategy by emphasizing stocks with relatively higher price momentum. It lends securities to earn income for the fund.

Market Cap

The average market capitalization across the Fidelity SAI US Momentum Index MF is 1.46T. The market cap for tickers in the group ranges from 197.11B to 3.37T. NVDA holds the highest valuation in this group at 3.37T. The lowest valued company is AMD at 197.11B.

Volume

The average weekly volume growth across all stocks in the Fidelity SAI US Momentum Index MF was -5%. For the same stocks of the MF, the average monthly volume growth was -25% and the average quarterly volume growth was -1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 77
P/E Growth Rating: 65
Price Growth Rating: 48
SMR Rating: 36
Profit Risk Rating: 20
Seasonality Score: 27 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
Fidelity Fixed Income Trust82 Devonshire StreetBoston
Phone
N/A
Web
www.institutional.fidelity.com
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FUMIX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, FUMIX has been closely correlated with VIGRX. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if FUMIX jumps, then VIGRX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FUMIX
1D Price
Change %
FUMIX100%
+1.11%
VIGRX - FUMIX
92%
Closely correlated
+1.31%
VIGAX - FUMIX
92%
Closely correlated
+1.30%
VIGIX - FUMIX
92%
Closely correlated
+1.31%
FAFGX - FUMIX
83%
Closely correlated
+1.15%
GAFFX - FUMIX
83%
Closely correlated
+1.16%
More