Fidelity Large Correlations

FLCSX Fund

USD 66.24 0.49 0.75%

The current 90-days correlation between Fidelity Large Cap and Fidelity Growth Discovery is 0.92 (i.e., Almost no 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 Large Correlation With Market

Very poor diversification

The correlation between Fidelity Large Cap and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Large Cap 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 Large Cap. 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 real.

Moving together with Fidelity Mutual Fund

0.84	FPURX	Fidelity Puritan	Pair Corr
0.92	FRBKX	Fidelity Advisor Freedom	Pair Corr
0.92	FRBNX	Fidelity Advisor Freedom	Pair Corr
0.66	FRIMX	Fidelity Income Repl	Pair Corr
0.66	FAFAX	Fidelity Advisor Freedom	Pair Corr
0.62	FAGNX	Fidelity Advisor Energy	Pair Corr
0.89	FAGIX	Fidelity Capital Income	Pair Corr
0.67	FSAGX	Gold Portfolio Gold	Pair Corr
0.63	FANAX	Fidelity Advisor Energy	Pair Corr
0.69	FSCSX	Software And It	Pair Corr
0.88	FSELX	Fidelity Select Semi	Pair Corr
0.87	FASIX	Fidelity Asset Manager	Pair Corr
0.72	FSHBX	Fidelity Short Term	Pair Corr
0.93	FSKAX	Fidelity Total Market	Pair Corr
0.9	FSLVX	Fidelity Stock Selector	Pair Corr
0.78	FSMDX	Fidelity Mid Cap	Pair Corr
0.68	FSRBX	Banking Portfolio Banking	Pair Corr
0.84	FSRFX	Transportation Portfolio	Pair Corr
0.92	FBALX	Fidelity Balanced	Pair Corr

Moving against Fidelity Mutual Fund

0.6	FSAWX	Fidelity Sai Convertible	Pair Corr
0.52	FALAX	Fidelity Advisor Large	Pair Corr
0.31	FALIX	Fidelity Advisor Large	Pair Corr
0.65	FSPWX	Fidelity Sai Inflation	Pair Corr
0.38	FSTDX	Fidelity Series 5	Pair Corr

Related Correlations Analysis

	FGDKX	FTISX	FGRTX	FIGFX	FOSKX	ITHAX
FGDKX		0.39	0.59	0.49	0.44	0.7	FGDKX
FTISX	0.39		0.83	0.69	0.91	0.77	FTISX
FGRTX	0.59	0.83		0.69	0.91	0.88	FGRTX
FIGFX	0.49	0.69	0.69		0.75	0.55	FIGFX
FOSKX	0.44	0.91	0.91	0.75		0.86	FOSKX
ITHAX	0.7	0.77	0.88	0.55	0.86		ITHAX
	FGDKX	FTISX	FGRTX	FIGFX	FOSKX	ITHAX

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
FGDKX	0.79	(0.04)	(0.03)	0.02	1.21	(0.75)	1.55	(2.12)	4.64
FTISX	0.45	(0.01)	(0.06)	0.03	0.59	(0.45)	0.88	(0.95)	2.61
FGRTX	0.60	0.05	0.04	0.11	0.80	(0.58)	1.48	(1.37)	3.66
FIGFX	0.66	0.01	0.01	0.07	0.94	(0.65)	1.39	(1.43)	3.62
FOSKX	0.58	0.02	0.00	0.08	0.72	(0.60)	1.18	(1.13)	3.22
ITHAX	0.59	(0.03)	(0.03)	0.02	0.90	(0.53)	1.33	(1.25)	3.44

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