Fidelity Large Correlations

Mutual Funds . USA . 
Fund . Fidelity Large Cap
FCLKX Fund  USD 19.54  0.10  0.51%   
The current 90-days correlation between Fidelity Large Cap and Global Gold Fund is 0.42 (i.e., Very weak diversification). The correlation of Fidelity Large 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 Large Correlation With Market

Almost no diversification

The correlation between Fidelity Large Cap and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Large Cap 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 Large Cap. 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 industry.

Moving together with Fidelity Mutual Fund

  0.99FPURX Fidelity PuritanPairCorr
  0.84FPXTX Fidelity PennsylvaniaPairCorr
  0.98FRAGX Aggressive GrowthPairCorr
  0.97FRASX Fidelity Income ReplPairCorr
  0.95FRQAX Fidelity Income ReplPairCorr
  0.93FAFSX Fidelity Advisor FinPairCorr
  0.97FAGIX Fidelity Capital IncomePairCorr
  0.96FTF Franklin TempletonPairCorr
  0.92FSAGX Gold Portfolio GoldPairCorr
  0.97FSANX Fidelity Asset ManagerPairCorr
  0.9FSAVX Automotive PortfolioPairCorr
  0.87FSAWX Fidelity Sai ConvertiblePairCorr
  0.84FSAZX Fidelity Arizona MunPairCorr
  0.95FSCIX Fidelity Advisor SmallPairCorr
  0.96FSCJX Fidelity Sai CanadaPairCorr
  0.95FSCNX Fidelity Asset ManagerPairCorr
  0.83FSCPX Consumer DiscretionaryPairCorr
  0.93FSCRX Fidelity Small CapPairCorr
  0.73FSENX Fidelity Select PortPairCorr
  0.78FARMX Strategic AdvisersPairCorr
  0.95FARFX Fidelity Income ReplPairCorr
  0.97FASMX Fidelity Asset ManagerPairCorr
  0.97FASIX Fidelity Asset ManagerPairCorr
  0.97FASGX Fidelity Asset ManagerPairCorr
  0.87FSHBX Fidelity Short TermPairCorr
  0.97FSHGX Fidelity Sai HighPairCorr
  0.82FSHOX Construction And Housing Steady GrowthPairCorr
  0.94FAVPX Fidelity Freedom IndexPairCorr
  0.94FSIAX Fidelity Advisor StrPairCorr
  0.93FSLCX Fidelity Small CapPairCorr
  0.89FSLEX Environment And AltePairCorr
  0.96FSLSX Fidelity Advisor ValuePairCorr
  0.97FSNPX Fidelity Freedom 2025PairCorr
  0.98FSNUX Fidelity Freedom 2035PairCorr
  0.98FSLVX Fidelity Stock SelectorPairCorr
  0.89FSMAX Fidelity Extended MarketPairCorr
  0.96FSMDX Fidelity Mid CapPairCorr
  0.84FSMNX Fidelity Sai MunicipalPairCorr

Moving against Fidelity Mutual Fund

  0.61FBLTX Fidelity Sai LongPairCorr
  0.5FSUTX Utilities PortfolioPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Large 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 Large'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.

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