Fidelity Small Correlations
| FCPEXDelisted Fund | USD 13.62 0.00 0.00% |
The current 90-days correlation between Fidelity Small Cap and Fidelity Mid Cap is 0.9 (i.e., Almost no diversification). The correlation of Fidelity Small 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 Small Correlation With Market
Average diversification
The correlation between Fidelity Small Cap and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Small Cap and DJI in the same portfolio, assuming nothing else is changed.
Fidelity |
Moving together with Fidelity Mutual Fund
| 0.83 | VSMAX | Vanguard Small Cap | PairCorr |
| 0.83 | VSCIX | Vanguard Small Cap | PairCorr |
| 0.84 | VSCPX | Vanguard Small Cap | PairCorr |
| 0.84 | NAESX | Vanguard Small Cap | PairCorr |
| 0.81 | FSSNX | Fidelity Small Cap | PairCorr |
| 0.81 | DFSTX | Us Small Cap | PairCorr |
| 0.81 | PASVX | T Rowe Price | PairCorr |
| 0.81 | PRVIX | T Rowe Price | PairCorr |
| 0.82 | TRZVX | T Rowe Price | PairCorr |
| 0.81 | PRSVX | T Rowe Price | PairCorr |
| 0.64 | SMPSX | Semiconductor Ultrasector | PairCorr |
| 0.65 | SMPIX | Semiconductor Ultrasector | PairCorr |
| 0.91 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.91 | LSHEX | Kinetics Spin Off Steady Growth | PairCorr |
| 0.73 | RSNYX | Victory Global Natural | PairCorr |
| 0.91 | LSHCX | Horizon Spin Off Steady Growth | PairCorr |
| 0.73 | RSNRX | Victory Global Natural | PairCorr |
| 0.91 | LSHAX | Horizon Spin Off Steady Growth | PairCorr |
| 0.72 | RGNCX | Victory Global Natural | PairCorr |
| 0.91 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.83 | AMGIX | Income Growth | PairCorr |
| 0.92 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.86 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.91 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.63 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.83 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.63 | HD | Home Depot | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.86 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.87 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.75 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Fidelity Mutual Fund
| 0.85 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.82 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.77 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.69 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.98 | 0.95 | 0.71 | 0.88 | FMEIX | ||
| 0.98 | 0.91 | 0.75 | 0.82 | FLVEX | ||
| 0.95 | 0.91 | 0.59 | 0.98 | FLCEX | ||
| 0.71 | 0.75 | 0.59 | 0.5 | FIENX | ||
| 0.88 | 0.82 | 0.98 | 0.5 | FLGEX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Fidelity Mutual Fund performing well and Fidelity Small 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 Small'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FMEIX | 0.71 | 0.08 | (0.04) | 1.12 | 0.70 | 1.35 | 3.48 | |||
| FLVEX | 0.58 | 0.07 | (0.07) | 0.91 | 0.59 | 1.30 | 3.20 | |||
| FLCEX | 0.60 | 0.15 | 0.03 | 104.52 | 0.36 | 1.38 | 3.16 | |||
| FIENX | 0.60 | 0.04 | (0.13) | (0.20) | 0.75 | 1.16 | 3.31 | |||
| FLGEX | 0.70 | 0.19 | 0.07 | (4.89) | 0.54 | 1.76 | 4.05 |
Fidelity Small Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fidelity Small mutual fund to make a market-neutral strategy. Peer analysis of Fidelity Small could also be used in its relative valuation, which is a method of valuing Fidelity Small by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Fidelity Small Cap?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.