Fidelity Large Correlations
| FLCEXDelisted Fund | USD 21.28 0.00 0.00% |
The current 90-days correlation between Fidelity Large Cap and Fidelity Large Cap is 0.86 (i.e., Very poor diversification). The correlation of Fidelity Large 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 |
Moving together with Fidelity Mutual Fund
| 0.87 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.86 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.87 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.87 | VITSX | Vanguard Total Stock | PairCorr |
| 0.87 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.87 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.86 | VFINX | Vanguard 500 Index | PairCorr |
| 0.86 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.86 | VINIX | Vanguard Institutional | PairCorr |
| 0.86 | VIIIX | Vanguard Institutional | PairCorr |
| 0.85 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.65 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.9 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.71 | HPQ | HP Inc | PairCorr |
| 0.88 | WMT | Walmart Aggressive Push | PairCorr |
| 0.93 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.85 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.88 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.92 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.72 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Fidelity Mutual Fund
| 0.79 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.77 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.57 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.53 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.53 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.42 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.82 | 0.98 | 0.92 | 0.69 | FLVEX | ||
| 0.82 | 0.88 | 0.94 | 0.92 | FLGEX | ||
| 0.98 | 0.88 | 0.95 | 0.77 | FMEIX | ||
| 0.92 | 0.94 | 0.95 | 0.85 | FCPEX | ||
| 0.69 | 0.92 | 0.77 | 0.85 | FGRTX | ||
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Risk-Adjusted Indicators
There is a big difference between Fidelity Mutual Fund performing well and Fidelity Large 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 Large'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLVEX | 0.58 | 0.07 | (0.07) | 0.91 | 0.59 | 1.30 | 3.20 | |||
| FLGEX | 0.70 | 0.19 | 0.07 | (4.89) | 0.54 | 1.76 | 4.05 | |||
| FMEIX | 0.71 | 0.08 | (0.04) | 1.12 | 0.70 | 1.35 | 3.48 | |||
| FCPEX | 0.95 | 0.11 | 0.01 | 0.61 | 0.92 | 2.03 | 5.24 | |||
| FGRTX | 0.50 | 0.00 | (0.02) | 0.13 | 0.58 | 1.15 | 3.56 |
Fidelity Large 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 Large mutual fund to make a market-neutral strategy. Peer analysis of Fidelity Large could also be used in its relative valuation, which is a method of valuing Fidelity Large by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Fidelity Large Cap?
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.