Fidelity Managed Correlations

FRQKX Fund

USD 57.92 0.43 0.75%

Monitoring how the stock's correlations evolve over time is a practical forward-looking risk management step. Current 90-days correlation between Fidelity Managed and Fidelity Freedom 2010 is 0.93 (i.e., Minimal diversification benefit).

Fidelity Managed vs Market Correlation

Very poor diversification

Across the chosen horizon, Fidelity Managed and Dow Jones show a correlation of 0.86 and fall into the Very poor diversification bucket. A 0.86 reading means Fidelity Managed and Dow Jones have substantial price overlap, limiting risk reduction through pairing.

Allocation balance across sectors and asset classes shapes the risk-return profile of the portfolio. Allocation decisions are shaped by the composition and weighting of holdings. Diversification benefit depends on the correlation structure among all held positions. Broader economic conditions can influence Fidelity Managed Retirement's mutual fund valuation - related indicators include signals in rate.

Moving together with Fidelity Managed Mutual Fund

0.75	FPXTX	Fidelity Pennsylvania	Pair Corr
0.97	FQIPX	Fidelity Freedom Index	Pair Corr
0.87	FRBEX	Fidelity Freedom 2070	Pair Corr
0.98	FRBNX	Fidelity Advisor Freedom	Pair Corr
0.98	FRBOX	Fidelity Advisor Freedom	Pair Corr
0.98	FRBPX	Fidelity Advisor Freedom	Pair Corr
0.92	FRCPX	Fidelity Freedom Blend	Pair Corr
0.97	FRCRX	Fidelity Sustainable	Pair Corr
0.92	FRCVX	Fidelity Sustainable	Pair Corr
0.97	FRCWX	Fidelity Sustainable	Pair Corr
0.97	FRCYX	Fidelity Sustainable	Pair Corr
0.97	FRDEX	Fidelity Sustainable	Pair Corr
1.0	FRKMX	Fidelity Managed	Pair Corr
0.97	FRLPX	Fidelity Freedom Index	Pair Corr
0.86	FRQAX	Fidelity Income	Pair Corr
0.76	FRVDX	Fidelity Advisor Real	Pair Corr
0.79	FRVHX	Fidelity Advisor Real	Pair Corr
0.84	FACGX	Fidelity Advisor Growth	Pair Corr
0.95	FAGKX	Fidelity Growth	Pair Corr
0.8	FAHYX	Fidelity Advisor High	Pair Corr
0.9	FAIDX	Fidelity International	Pair Corr
0.97	FSAAX	Fidelity Asset Manager	Pair Corr
0.9	FSAEX	Fidelity Series All	Pair Corr
0.77	FSAOX	Strategic Advisers	Pair Corr
0.7	FANDX	Fidelity Advisor Sust	Pair Corr
0.92	FSCEX	Fidelity Advisor Small	Pair Corr
0.82	FAPNX	Fidelity Summer Street	Pair Corr
0.69	FAPLX	Fidelity Summer Street	Pair Corr
0.87	FSBHX	Fidelity Short Duration	Pair Corr
0.86	FSEHX	Fidelity Short Duration	Pair Corr
0.83	FSEKX	Fidelity Advisor	Pair Corr
0.88	FSEWX	Fidelity Advisor	Pair Corr
0.99	FAPZX	Fidelity Greenwood Street	Pair Corr
0.92	FAPWX	Fidelity Greenwood Street	Pair Corr
0.86	FSDHX	Fidelity Short Duration	Pair Corr

Related Correlations Analysis

	FSNKX	RRTAX	AAATX	FAATX	CCATX	TRPUX	TRRAX	FFOWX	FFFCX
FSNKX		0.98	0.93	0.93	0.93	0.99	0.91	0.86	1.0	FSNKX
RRTAX	0.98		0.97	0.97	0.96	1.0	0.96	0.89	0.99	RRTAX
AAATX	0.93	0.97		1.0	1.0	0.96	0.94	0.87	0.94	AAATX
FAATX	0.93	0.97	1.0		1.0	0.96	0.94	0.87	0.94	FAATX
CCATX	0.93	0.96	1.0	1.0		0.96	0.92	0.88	0.93	CCATX
TRPUX	0.99	1.0	0.96	0.96	0.96		0.96	0.89	0.99	TRPUX
TRRAX	0.91	0.96	0.94	0.94	0.92	0.96		0.84	0.95	TRRAX
FFOWX	0.86	0.89	0.87	0.87	0.88	0.89	0.84		0.86	FFOWX
FFFCX	1.0	0.99	0.94	0.94	0.93	0.99	0.95	0.86		FFFCX
	FSNKX	RRTAX	AAATX	FAATX	CCATX	TRPUX	TRRAX	FFOWX	FFFCX

Risk-Adjusted Indicators

Fidelity Managed Mutual Fund can look attractive on recent price action while risk efficiency lags the peer group. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FSNKX	0.33	0.04	0.07	0.12	0.34	-0.38	0.68	-0.67	1.80
RRTAX	0.38	0.02	0.03	0.06	0.45	-0.41	0.71	-0.94	2.14
AAATX	0.30	0.01	0.00	0.03	0.37	-0.32	0.64	-0.71	1.78
FAATX	0.30	0.01	0.00	0.03	0.37	-0.31	0.65	-0.72	1.72
CCATX	0.30	0.02	0.02	0.05	0.37	-0.31	0.73	-0.80	1.73
TRPUX	0.39	0.03	0.04	0.07	0.44	-0.44	0.73	-0.97	2.16
TRRAX	0.39	0.03	0.05	0.07	0.44	-0.42	0.92	-0.97	2.10
FFOWX	0.34	0.03	0.04	0.09	0.36	-0.41	0.85	-0.80	1.76
FFFCX	0.31	0.03	0.04	0.08	0.34	-0.37	0.61	-0.67	1.74