Fidelity Growth Correlations

FGCKX Fund

USD 37.47 0.03 0.08%

The current 90-days correlation between Fidelity Growth Pany and Aquila Three Peaks is -0.13 (i.e., Good diversification). The correlation of Fidelity Growth 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 Growth Correlation With Market

Weak diversification

The correlation between Fidelity Growth Pany and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Growth Pany 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 Growth Pany. 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

0.78	FAASX	Fidelity Asset Manager	Pair Corr
0.73	FAAIX	Fidelity Asset Manager	Pair Corr
0.91	FACVX	Fidelity Convertible	Pair Corr
0.87	FACTX	Fidelity Advisor Health	Pair Corr
0.86	FACPX	Fidelity Advisor Sumer	Pair Corr
0.85	FACDX	Fidelity Advisor Health	Pair Corr
0.98	FADTX	Fidelity Advisor Tec	Pair Corr
0.97	FADAX	Fidelity Advisor Dividend	Pair Corr
0.72	FAEVX	Fidelity Advisor Equity	Pair Corr
0.97	FAEGX	Fidelity Advisor Equity	Pair Corr

Moving against Fidelity Mutual Fund

0.32	FAERX	Fidelity Advisor Overseas	Pair Corr
0.74	FAMHX	Fidelity Municipal Income	Pair Corr
0.36	FTF	Franklin Templeton	Pair Corr

Related Correlations Analysis

	ATPYX	FODPX	CHYDX	SIHPX	PHDTX	AGDAX	GHVIX
ATPYX		0.91	0.83	0.95	0.85	0.92	0.91	ATPYX
FODPX	0.91		0.9	0.94	0.97	0.97	0.99	FODPX
CHYDX	0.83	0.9		0.9	0.85	0.9	0.89	CHYDX
SIHPX	0.95	0.94	0.9		0.89	0.97	0.93	SIHPX
PHDTX	0.85	0.97	0.85	0.89		0.95	0.98	PHDTX
AGDAX	0.92	0.97	0.9	0.97	0.95		0.96	AGDAX
GHVIX	0.91	0.99	0.89	0.93	0.98	0.96		GHVIX
	ATPYX	FODPX	CHYDX	SIHPX	PHDTX	AGDAX	GHVIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Growth 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 Growth'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
ATPYX	0.12	(0.01)	0.31	0.23	0.13	(0.19)	0.12	(0.25)	0.99
FODPX	0.13	0.00	0.35	(0.17)	0.11	(0.16)	0.27	(0.27)	0.90
CHYDX	0.10	0.00	0.32	(0.05)	0.10	(0.16)	0.26	(0.26)	0.90
SIHPX	0.13	0.00	0.41	(0.30)	0.06	(0.20)	0.50	(0.20)	1.01
PHDTX	0.11	0.01	0.42	(1.51)	0.00	(0.15)	0.23	(0.23)	0.79
AGDAX	0.13	0.01	0.44	(0.92)	0.00	(0.26)	0.57	(0.28)	1.15
GHVIX	0.15	0.01	0.39	(0.29)	0.12	(0.17)	0.24	(0.29)	0.84

Trending Assets

GHVIX

Gmo High Yield

16.97 -0.01 -0.06

PHDTX

Pace High Yield

8.99 -0.01 -0.11

AGDAX

Ab High Income

7.03 0.01 0.14

ATPYX

Aquila Three Peaks

8.18 -0.02 -0.24

CHYDX

Calamos High Income

7.80 0.01 0.13

SIHPX

Guggenheim High Yield

9.95 -0.04 -0.4

FODPX

Oklahoma College Savings

11.20 -0.03 -0.27

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