Fidelity Small Correlations

Mutual Funds . USA . 
Fund . Fidelity Small Cap
FCPGX Fund  USD 34.86  0.30  0.85%   
The current 90-days correlation between Fidelity Small Cap and Fidelity Small Cap is 0.89 (i.e., Very poor 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

Weak diversification

The correlation between Fidelity Small Cap and DJI is 0.38 (i.e., Weak 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Small 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 price.

Moving together with Fidelity Mutual Fund

  0.81FPTKX Fidelity Freedom 2015PairCorr
  0.84FPURX Fidelity PuritanPairCorr
  0.83FPUKX Fidelity PuritanPairCorr
  0.63FPXTX Fidelity PennsylvaniaPairCorr
  0.83FQIFX Fidelity Freedom IndexPairCorr
  0.81FQIPX Fidelity Freedom IndexPairCorr
  0.86FQLSX Fidelity Flex FreedomPairCorr
  0.81FRAGX Aggressive GrowthPairCorr
  0.78FRAMX Fidelity Income ReplPairCorr
  0.8FRASX Fidelity Income ReplPairCorr
  0.82FRGAX Growth Allocation IndexPairCorr
  0.64FRESX Fidelity Real EstatePairCorr
  0.74FRIFX Fidelity Real EstatePairCorr
  0.78FRIMX Fidelity Income ReplPairCorr
  0.74FRINX Fidelity Real EstatePairCorr
  0.73FRIOX Fidelity Real EstatePairCorr
  0.74FRIQX Fidelity Real EstatePairCorr
  0.78FRHMX Fidelity Managed RetPairCorr
  0.69FRKMX Fidelity Managed RetPairCorr
  0.74FRIRX Fidelity Real EstatePairCorr
  0.81FRLPX Fidelity Freedom IndexPairCorr
  0.64FROGX Fidelity Municipal IncomePairCorr
  0.78FRQHX Fidelity Managed RetPairCorr
  0.69FRQIX Fidelity Income ReplPairCorr
  0.78FRQKX Fidelity Managed RetPairCorr
  0.78FRQAX Fidelity Income ReplPairCorr
  0.77FAASX Fidelity Asset ManagerPairCorr
  0.78FAAIX Fidelity Asset ManagerPairCorr
  0.83FACVX Fidelity ConvertiblePairCorr
  0.71FACNX Fidelity CanadaPairCorr
  0.79FACFX Fidelity Advisor FreedomPairCorr
  0.69FADMX Fidelity Advisor StrPairCorr

Related Correlations Analysis

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.

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