Fidelity Stock Correlations

Mutual Funds . USA . 
Fund . Fidelity Stock Selector
FCDAX Fund  USD 44.38  0.05  0.11%   
The current 90-days correlation between Fidelity Stock Selector and Nt International Small Mid is 0.19 (i.e., Average diversification). The correlation of Fidelity Stock 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 Stock Correlation With Market

Very weak diversification

The correlation between Fidelity Stock Selector and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Stock Selector 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 Stock Selector. 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

  0.75FPTKX Fidelity Freedom 2015PairCorr
  0.79FPURX Fidelity PuritanPairCorr
  0.85FPUKX Fidelity PuritanPairCorr
  0.8FQIFX Fidelity Freedom IndexPairCorr
  0.84FQIPX Fidelity Freedom IndexPairCorr
  0.82FQITX Fidelity Salem StreetPairCorr
  0.82FQLSX Fidelity Flex FreedomPairCorr
  0.85FRBDX Fidelity Freedom 2070PairCorr
  0.81FRBEX Fidelity Freedom 2070PairCorr
  0.81FRBHX Fidelity Freedom 2070PairCorr
  0.84FRBKX Fidelity Advisor FreedomPairCorr
  0.81FRBPX Fidelity Advisor FreedomPairCorr
  0.86FRBYX Fidelity Freedom BlendPairCorr
  0.81FRAGX Aggressive GrowthPairCorr
  0.83FRAMX Fidelity Income ReplPairCorr
  0.82FRASX Fidelity Income ReplPairCorr
  0.82FRCKX Fidelity Freedom BlendPairCorr
  0.85FRCNX Fidelity Freedom BlendPairCorr
  0.82FRCPX Fidelity Freedom BlendPairCorr
  0.83FRCQX Fidelity SustainablePairCorr
  0.79FRCYX Fidelity SustainablePairCorr
  0.79FRDCX Fidelity SustainablePairCorr
  0.82FRGAX Growth Allocation IndexPairCorr
  0.69FRESX Fidelity Real EstatePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Stock 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 Stock'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
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY