Fidelity Latin Correlations
| FLATXDelisted Fund | USD 16.64 0.00 0.00% |
The current 90-days correlation between Fidelity Latin America and Fidelity Emerging Asia is 0.17 (i.e., Average diversification). The correlation of Fidelity Latin 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 Latin Correlation With Market
Good diversification
The correlation between Fidelity Latin America and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Latin America and DJI in the same portfolio, assuming nothing else is changed.
Fidelity |
Moving together with Fidelity Mutual Fund
| 0.68 | RLAIX | T Rowe Price | PairCorr |
| 0.68 | TRZYX | T Rowe Price | PairCorr |
| 1.0 | FLFAX | Fidelity Latin America | PairCorr |
| 1.0 | FLFCX | Fidelity Latin America | PairCorr |
| 1.0 | FLFTX | Fidelity Latin America | PairCorr |
| 0.67 | PRLAX | T Rowe Price | PairCorr |
| 0.63 | SLARX | Deutsche Latin America | PairCorr |
| 0.62 | SLAPX | Deutsche Latin America | PairCorr |
| 0.62 | SLANX | Deutsche Latin America | PairCorr |
| 0.69 | BIPIX | Biotechnology Ultrasector | PairCorr |
Moving against Fidelity Mutual Fund
| 0.51 | INPIX | Internet Ultrasector | PairCorr |
| 0.5 | INPSX | Internet Ultrasector | PairCorr |
| 0.36 | DXQLX | Direxion Monthly Nasdaq | PairCorr |
| 0.32 | UOPIX | Ultra Nasdaq 100 | PairCorr |
| 0.31 | UOPSX | Ultranasdaq 100 Profund | PairCorr |
| 0.37 | MNHAX | High Yield Bond | PairCorr |
| 0.31 | VFINX | Vanguard 500 Index | PairCorr |
| 0.71 | NDP | Tortoise Energy Inde | PairCorr |
| 0.67 | CUSDX | Six Circles Ultra | PairCorr |
| 0.6 | OSPAX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.4 | FSLBX | Brokerage And Investment | PairCorr |
Related Correlations Analysis
| 0.7 | 0.82 | 0.7 | 0.75 | FSEAX | ||
| 0.7 | 0.61 | 0.37 | 0.83 | FICDX | ||
| 0.82 | 0.61 | 0.92 | 0.82 | FEMKX | ||
| 0.7 | 0.37 | 0.92 | 0.68 | FHKCX | ||
| 0.75 | 0.83 | 0.82 | 0.68 | FNORX | ||
| 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 Latin 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 Latin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSEAX | 0.80 | (0.08) | 0.00 | (0.16) | 0.00 | 1.53 | 5.24 | |||
| FICDX | 0.65 | (0.11) | 0.00 | (0.20) | 0.00 | 1.07 | 7.38 | |||
| FEMKX | 0.71 | (0.09) | 0.00 | (0.15) | 0.00 | 1.40 | 5.28 | |||
| FHKCX | 0.99 | (0.07) | 0.00 | (0.07) | 0.00 | 1.86 | 6.44 | |||
| FNORX | 0.81 | (0.13) | 0.00 | (0.40) | 0.00 | 1.74 | 5.30 |
Fidelity Latin 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 Latin mutual fund to make a market-neutral strategy. Peer analysis of Fidelity Latin could also be used in its relative valuation, which is a method of valuing Fidelity Latin by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Fidelity Latin America?
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.