Fidelity Strategic Correlations

Mutual Funds . USA . 
Fund . Fidelity Strategic Real
FSIRX Fund  USD 9.10  0.06  0.66%   
The current 90-days correlation between Fidelity Strategic Real and Commonwealth Global Fund is 0.35 (i.e., Weak diversification). The correlation of Fidelity Strategic 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 Strategic Correlation With Market

Very poor diversification

The correlation between Fidelity Strategic Real and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Strategic Real 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 Strategic Real. 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 inflation.

Moving together with Fidelity Mutual Fund

  0.93FPTKX Fidelity Freedom 2015PairCorr
  0.9FPURX Fidelity PuritanPairCorr
  0.9FPUKX Fidelity PuritanPairCorr
  0.85FPXTX Fidelity PennsylvaniaPairCorr
  0.92FQIFX Fidelity Freedom IndexPairCorr
  0.92FQIPX Fidelity Freedom IndexPairCorr
  0.93FQITX Fidelity Salem StreetPairCorr
  0.94FQLSX Fidelity Flex FreedomPairCorr
  0.93FRBDX Fidelity Freedom 2070PairCorr
  0.93FRBEX Fidelity Freedom 2070PairCorr
  0.93FRBHX Fidelity Freedom 2070PairCorr
  0.92FRBJX Fidelity Advisor FreedomPairCorr
  0.92FRBKX Fidelity Advisor FreedomPairCorr
  0.92FRBLX Fidelity Advisor FreedomPairCorr
  0.94FRBNX Fidelity Advisor FreedomPairCorr
  0.93FRBOX Fidelity Advisor FreedomPairCorr
  0.93FRBPX Fidelity Advisor FreedomPairCorr
  0.91FRBQX Fidelity Flex FreedomPairCorr
  0.91FRBUX Fidelity Freedom IndexPairCorr
  0.91FRBVX Fidelity Freedom IndexPairCorr
  0.91FRBWX Fidelity Freedom IndexPairCorr
  0.93FRBYX Fidelity Freedom BlendPairCorr
  0.93FRBZX Fidelity Freedom BlendPairCorr
  0.91FRAGX Aggressive GrowthPairCorr
  0.93FRAMX Fidelity Income ReplPairCorr
  0.94FRASX Fidelity Income ReplPairCorr
  0.93FRCFX Fidelity Freedom BlendPairCorr
  0.93FRCHX Fidelity Freedom BlendPairCorr
  0.92FRCJX Fidelity Freedom BlendPairCorr
  0.92FRCKX Fidelity Freedom BlendPairCorr
  0.93FRCLX Fidelity Freedom BlendPairCorr
  0.91FRCNX Fidelity Freedom BlendPairCorr
  0.94FRCPX Fidelity Freedom BlendPairCorr
  0.91FRCQX Fidelity SustainablePairCorr
  0.91FRCRX Fidelity SustainablePairCorr
  0.91FRCVX Fidelity SustainablePairCorr
  0.91FRCWX Fidelity SustainablePairCorr
  0.91FRCYX Fidelity SustainablePairCorr
  0.91FRDCX Fidelity SustainablePairCorr
  0.91FRDDX Fidelity SustainablePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Strategic 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 Strategic'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.

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