Fidelity International Correlations

Mutual Funds . USA . 
Fund . Fidelity International Capital
FIVFX Fund  USD 28.94  0.17  0.58%   
The current 90-days correlation between Fidelity International and Fidelity Worldwide Fund is 0.83 (i.e., Very poor diversification). The correlation of Fidelity International 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity International Capital. 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 census.

Moving together with Fidelity Mutual Fund

  0.74FPTKX Fidelity Freedom 2015PairCorr
  0.81FQIFX Fidelity Freedom IndexPairCorr
  0.75FQITX Fidelity Salem StreetPairCorr
  0.65FRAMX Fidelity Income ReplPairCorr
  0.71FRASX Fidelity Income ReplPairCorr
  0.75FRIMX Fidelity Income ReplPairCorr
  0.65FRHMX Fidelity Managed RetPairCorr
  0.65FRKMX Fidelity Managed RetPairCorr
  0.66FRQHX Fidelity Managed RetPairCorr
  0.66FRQIX Fidelity Income ReplPairCorr
  0.66FRQKX Fidelity Managed RetPairCorr
  0.7FACFX Fidelity Advisor FreedomPairCorr

Moving against Fidelity Mutual Fund

  0.41FRPCX Fidelity Sai AlternativePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FJPNX
+ 0.76
FIEUX
FECAX
+ 0.67
FWWFX
FPBFX
+ 0.66
FWWFX
FJPNX
+ 0.41
FPBFX
FECAX
+ 0.41
FPBFX
FIEUX
+ 0.02
FPBFX
  
High negative correlations   
FECAX
- 0.84
FIEUX
FIEUX
- 0.48
FWWFX
FECAX
- 0.46
FJPNX
FJPNX
- 0.05
FWWFX

Risk-Adjusted Indicators

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