Fidelity Stock Correlations

Mutual Funds . USA . 
Fund . Fidelity Stock Selector
FSJHX Fund  USD 90.92  0.07  0.08%   
The current 90-days correlation between Fidelity Stock Selector and Paradigm Micro Cap Fund is 0.55 (i.e., Very weak diversification). The correlation of Fidelity Stock 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 Stock Correlation With Market

Average diversification

The correlation between Fidelity Stock Selector and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Stock Selector 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 Stock Selector. 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 rate.

Moving together with Fidelity Mutual Fund

  0.98FPTKX Fidelity Freedom 2015PairCorr
  0.94FPURX Fidelity PuritanPairCorr
  0.94FPUKX Fidelity PuritanPairCorr
  0.87FPXTX Fidelity PennsylvaniaPairCorr
  0.92FQIFX Fidelity Freedom IndexPairCorr
  0.94FQIPX Fidelity Freedom IndexPairCorr
  0.85FQITX Fidelity Salem StreetPairCorr
  0.97FQLSX Fidelity Flex FreedomPairCorr
  0.97FRBDX Fidelity Freedom 2070PairCorr
  0.97FRBEX Fidelity Freedom 2070PairCorr
  0.97FRBHX Fidelity Freedom 2070PairCorr
  0.96FRBJX Fidelity Advisor FreedomPairCorr
  0.96FRBKX Fidelity Advisor FreedomPairCorr
  0.96FRBLX Fidelity Advisor FreedomPairCorr
  0.96FRBNX Fidelity Advisor FreedomPairCorr
  0.96FRBOX Fidelity Advisor FreedomPairCorr
  0.96FRBPX Fidelity Advisor FreedomPairCorr
  0.96FRBQX Fidelity Flex FreedomPairCorr
  0.94FRBUX Fidelity Freedom IndexPairCorr
  0.94FRBVX Fidelity Freedom IndexPairCorr
  0.94FRBWX Fidelity Freedom IndexPairCorr
  0.96FRBYX Fidelity Freedom BlendPairCorr
  0.96FRBZX Fidelity Freedom BlendPairCorr
  0.94FRAGX Aggressive GrowthPairCorr
  0.91FRAMX Fidelity Income ReplPairCorr
  0.93FRASX Fidelity Income ReplPairCorr
  0.96FRCFX Fidelity Freedom BlendPairCorr
  0.96FRCHX Fidelity Freedom BlendPairCorr
  0.95FRCKX Fidelity Freedom BlendPairCorr
  0.97FRCLX Fidelity Freedom BlendPairCorr
  0.97FRCNX Fidelity Freedom BlendPairCorr
  0.96FRCPX Fidelity Freedom BlendPairCorr
  0.95FRCQX Fidelity SustainablePairCorr
  0.95FRCRX Fidelity SustainablePairCorr
  0.95FRCVX Fidelity SustainablePairCorr
  0.95FRCWX Fidelity SustainablePairCorr
  0.95FRCYX Fidelity SustainablePairCorr
  0.95FRDCX Fidelity SustainablePairCorr
  0.95FRDDX Fidelity SustainablePairCorr
  0.95FRDEX Fidelity SustainablePairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WMKSX
+ 0.92
TRRTX
CFIMX
+ 0.9
TRRTX
MSD
+ 0.9
TRRTX
WMKSX
+ 0.9
CFIMX
POGSX
+ 0.9
CFIMX
POGSX
+ 0.89
TRRTX
  

High negative correlations

WMKSX
- 0.22
MPA
MPA
- 0.21
CFIMX
MSD
- 0.11
MPA
CBLSX
- 0.1
MPA
WMKSX
- 0.09
ADJEX
POGSX
- 0.07
MPA

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Stock 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 Stock'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
PVIVX  1.05  0.00 (0.02) 0.06  1.44 
(1.15)
 2.51 
(3.07)
 8.67 
NESIX  1.53  0.19  0.07  0.84  1.99 
(1.70)
 3.10 
(3.85)
 9.21 
TRRTX  0.23  0.06  0.01  0.66  0.00 
(0.32)
 0.44 
(0.35)
 2.79 
CFIMX  0.63  0.17  0.16  0.57  0.47 
(0.71)
 1.61 
(1.09)
 3.03 
ADJEX  0.77 (0.01)(0.06)(0.01) 1.05 
(0.75)
 1.43 
(1.88)
 3.88 
MPA  0.36  0.00 (0.12) 0.05  0.38 
(0.41)
 0.80 
(0.71)
 1.60 
CBLSX  0.77  0.27  0.33  0.63  0.00 
(1.01)
 1.54 
(0.97)
 14.05 
MSD  0.43  0.06  0.00 (2.87) 0.34 
(0.53)
 1.09 
(0.69)
 2.21 
WMKSX  1.30  0.53  0.39  1.87  0.58 
(1.69)
 2.08 
(1.67)
 28.83 
POGSX  0.59  0.12  0.11  0.55  0.46 
(0.66)
 1.29 
(1.03)
 2.99 

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