Fidelity Correlations

Mutual Funds . USA . 
Fund . Fidelity Bond Index
FXNAX Fund  USD 10.42  0.03  0.29%   
The current 90-days correlation between Fidelity Bond Index and Fidelity International Index is 0.15 (i.e., Average diversification). The correlation of Fidelity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Fidelity Correlation With Market

Average diversification

The correlation between Fidelity Bond Index and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Bond Index and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Bond Index. 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.

Moving together with Fidelity Mutual Fund

  0.74FQITX Fidelity Salem StreetPairCorr
  0.79FRAMX Fidelity Income ReplPairCorr
  0.65FRASX Fidelity Income ReplPairCorr
  0.62FRIFX Fidelity Real EstatePairCorr
  0.78FRIMX Fidelity Income ReplPairCorr
  0.65FRINX Fidelity Real EstatePairCorr
  0.71FRIOX Fidelity Real EstatePairCorr
  0.64FRIQX Fidelity Real EstatePairCorr
  0.77FRHMX Fidelity Managed RetPairCorr
  0.77FRKMX Fidelity Managed RetPairCorr
  0.63FRIRX Fidelity Real EstatePairCorr
  0.73FROGX Fidelity Municipal IncomePairCorr
  0.75FRQHX Fidelity Managed RetPairCorr
  0.76FRQIX Fidelity Income ReplPairCorr
  0.75FRQKX Fidelity Managed RetPairCorr
  0.77FRQAX Fidelity Income ReplPairCorr
  0.65FACTX Fidelity Advisor HealthPairCorr
  0.69FACFX Fidelity Advisor FreedomPairCorr

Moving against Fidelity Mutual Fund

  0.66FPURX Fidelity PuritanPairCorr
  0.63FPUKX Fidelity PuritanPairCorr
  0.59FRPCX Fidelity Sai AlternativePairCorr
  0.54FRAGX Aggressive GrowthPairCorr
  0.43FRGAX Growth Allocation IndexPairCorr
  0.43FRLPX Fidelity Freedom IndexPairCorr
  0.41FQLSX Fidelity Flex FreedomPairCorr
  0.4FRPDX Fidelity Sai AlternativePairCorr
  0.39FQIPX Fidelity Freedom IndexPairCorr
  0.83FADTX Fidelity Advisor TecPairCorr
  0.8FAFSX Fidelity Advisor FinPairCorr
  0.8FAFDX Fidelity Advisor FinPairCorr
  0.79FAFCX Fidelity Advisor FinPairCorr
  0.74FACVX Fidelity VertiblePairCorr
  0.74FACGX Fidelity Advisor GrowthPairCorr
  0.74FAGOX Fidelity Advisor GrowthPairCorr
  0.74FAGKX Fidelity Growth StraPairCorr
  0.74FAGCX Fidelity Advisor GrowthPairCorr
  0.71FAGIX Fidelity Capital IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FSSNX
+ 0.98
FSMAX
FSMAX
+ 0.97
FSKAX
FSSNX
+ 0.95
FSKAX
FTIHX
+ 0.86
FSPSX
  
High negative correlations   
FSMAX
- 0.69
FSPSX
FSSNX
- 0.61
FSPSX
FSKAX
- 0.6
FSPSX
FSMAX
- 0.48
FTIHX
FSSNX
- 0.43
FTIHX
FSKAX
- 0.34
FTIHX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fidelity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY