Fidelity Small Correlations

Mutual Funds . USA . 
Fund . Fidelity Small Cap
FSCRX Fund  USD 24.52  0.27  1.11%   
The current 90-days correlation between Fidelity Small Cap and Fidelity Freedom 2070 is -0.3 (i.e., Very good diversification). The correlation of Fidelity Small 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 Small Correlation With Market

Very poor diversification

The correlation between Fidelity Small Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Small 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 Small 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

  0.75FPTKX Fidelity Freedom 2015PairCorr
  0.84FPURX Fidelity PuritanPairCorr
  0.84FPUKX Fidelity PuritanPairCorr
  0.77FQIFX Fidelity Freedom IndexPairCorr
  0.83FQIPX Fidelity Freedom IndexPairCorr
  0.81FQITX Fidelity Salem StreetPairCorr
  0.82FQLSX Fidelity Flex FreedomPairCorr
  0.78FRBDX Fidelity Freedom 2070PairCorr
  0.78FRBEX Fidelity Freedom 2070PairCorr
  0.78FRBHX Fidelity Freedom 2070PairCorr
  0.78FRBJX Fidelity Advisor FreedomPairCorr
  0.78FRBKX Fidelity Advisor FreedomPairCorr
  0.82FRBLX Fidelity Advisor FreedomPairCorr
  0.78FRBNX Fidelity Advisor FreedomPairCorr
  0.78FRBOX Fidelity Advisor FreedomPairCorr
  0.78FRBPX Fidelity Advisor FreedomPairCorr
  0.79FRBQX Fidelity Flex FreedomPairCorr
  0.78FRBUX Fidelity Freedom IndexPairCorr
  0.82FRBVX Fidelity Freedom IndexPairCorr
  0.78FRBWX Fidelity Freedom IndexPairCorr
  0.79FRBYX Fidelity Freedom BlendPairCorr
  0.79FRBZX Fidelity Freedom BlendPairCorr
  0.85FRAGX Aggressive GrowthPairCorr
  0.68FRAMX Fidelity Income ReplPairCorr
  0.72FRASX Fidelity Income ReplPairCorr
  0.79FRCFX Fidelity Freedom BlendPairCorr
  0.79FRCHX Fidelity Freedom BlendPairCorr
  0.78FRCJX Fidelity Freedom BlendPairCorr
  0.79FRCKX Fidelity Freedom BlendPairCorr
  0.79FRCLX Fidelity Freedom BlendPairCorr
  0.79FRCNX Fidelity Freedom BlendPairCorr
  0.79FRCPX Fidelity Freedom BlendPairCorr
  0.79FRCQX Fidelity SustainablePairCorr
  0.79FRCRX Fidelity SustainablePairCorr
  0.79FRCVX Fidelity SustainablePairCorr
  0.79FRCWX Fidelity SustainablePairCorr
  0.79FRCYX Fidelity SustainablePairCorr
  0.79FRDCX Fidelity SustainablePairCorr
  0.83FRDDX Fidelity SustainablePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Small 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 Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPTKX  0.24  0.09  0.00  0.49  0.00 
(0.32)
 0.51 
(0.33)
 2.69 
FPURX  0.43  0.04 (0.01) 0.19  0.38 
(0.47)
 0.85 
(0.97)
 2.82 
FPUKX  0.43  0.04 (0.01) 0.20  0.38 
(0.46)
 0.85 
(1.01)
 2.82 
FPXTX  0.07  0.02 (0.61)(1.19) 0.00 
(0.13)
 0.19 
(0.10)
 0.66 
FQIFX  0.29  0.05 (0.06) 0.23  0.00 
(0.37)
 0.65 
(0.49)
 1.77 
FQIPX  0.48  0.07  0.05  0.21  0.39 
(0.55)
 0.99 
(0.97)
 3.10 
FQITX  0.65  0.20  0.08 (1.43) 0.70 
(0.71)
 1.55 
(1.36)
 3.78 
FQLSX  0.51  0.11  0.11  0.27  0.34 
(0.59)
 1.05 
(1.07)
 3.48 
FRBDX  0.53  0.19  0.08 (1.25) 0.48 
(0.60)
 1.02 
(1.08)
 3.36 
FRBEX  0.53  0.19  0.08 (1.24) 0.47 
(0.60)
 1.03 
(1.09)
 3.44 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY