Fidelity Dividend Correlations
| FDGKX Fund | USD 39.87 0.37 0.94% |
The current 90-days correlation between Fidelity Dividend Growth and Federated Global Allocation is 0.14 (i.e., Average diversification). The correlation of Fidelity Dividend 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 Dividend Correlation With Market
Weak diversification
The correlation between Fidelity Dividend Growth and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Dividend Growth and DJI in the same portfolio, assuming nothing else is changed.
Fidelity |
Moving together with Fidelity Mutual Fund
| 0.62 | FPTKX | Fidelity Freedom 2015 | PairCorr |
| 0.76 | FPURX | Fidelity Puritan | PairCorr |
| 0.93 | FPUKX | Fidelity Puritan | PairCorr |
| 0.69 | FQIFX | Fidelity Freedom Index | PairCorr |
| 0.86 | FQIPX | Fidelity Freedom Index | PairCorr |
| 0.76 | FQLSX | Fidelity Flex Freedom | PairCorr |
| 0.91 | FRAGX | Aggressive Growth | PairCorr |
| 0.62 | FRASX | Fidelity Income Repl | PairCorr |
| 0.9 | FRGAX | Growth Allocation Index | PairCorr |
| 0.86 | FRLPX | Fidelity Freedom Index | PairCorr |
| 0.7 | FAASX | Fidelity Asset Manager | PairCorr |
| 0.7 | FAAIX | Fidelity Asset Manager | PairCorr |
| 0.85 | FACVX | Fidelity Convertible | PairCorr |
| 0.74 | FACPX | Fidelity Advisor Sumer | PairCorr |
| 0.64 | FACGX | Fidelity Advisor Growth | PairCorr |
Related Correlations Analysis
| 0.89 | 0.92 | 0.89 | 0.8 | 0.78 | 0.81 | FSBCX | ||
| 0.89 | 0.78 | 0.85 | 0.67 | 0.76 | 0.81 | XAWFX | ||
| 0.92 | 0.78 | 0.76 | 0.69 | 0.61 | 0.67 | RHSAX | ||
| 0.89 | 0.85 | 0.76 | 0.84 | 0.77 | 0.8 | CMACX | ||
| 0.8 | 0.67 | 0.69 | 0.84 | 0.63 | 0.71 | LMUSX | ||
| 0.78 | 0.76 | 0.61 | 0.77 | 0.63 | 0.95 | DHGCX | ||
| 0.81 | 0.81 | 0.67 | 0.8 | 0.71 | 0.95 | MGGNX | ||
| 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 Dividend 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 Dividend'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSBCX | 0.40 | (0.03) | 0.00 | (0.45) | 0.00 | 0.76 | 3.14 | |||
| XAWFX | 0.13 | (0.01) | 0.00 | (0.99) | 0.00 | 0.18 | 0.88 | |||
| RHSAX | 1.04 | (0.02) | 0.00 | 0.74 | 0.00 | 2.22 | 9.80 | |||
| CMACX | 0.38 | (0.03) | 0.00 | (0.13) | 0.00 | 0.67 | 2.88 | |||
| LMUSX | 0.71 | 0.01 | 0.00 | 0.03 | 1.16 | 1.27 | 6.30 | |||
| DHGCX | 0.16 | (0.02) | 0.00 | (0.25) | 0.00 | 0.36 | 0.99 | |||
| MGGNX | 0.18 | (0.02) | 0.00 | (0.48) | 0.00 | 0.35 | 1.05 |