Banking Portfolio Correlations

Mutual Funds . USA . 
Fund . Banking Portfolio Banking
FSRBX Fund  USD 33.21  0.18  0.54%   
The current 90-days correlation between Banking Portfolio Banking and Consumer Finance Portfolio is 0.85 (i.e., Very poor diversification). The correlation of Banking Portfolio 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.

Banking Portfolio Correlation With Market

Modest diversification

The correlation between Banking Portfolio Banking and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banking Portfolio Banking 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 Banking Portfolio Banking. 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 bureau of labor statistics.

Moving together with Banking Mutual Fund

  0.65FPTKX Fidelity Freedom 2015PairCorr
  0.8FPURX Fidelity PuritanPairCorr
  0.8FPUKX Fidelity PuritanPairCorr
  0.65FPXTX Fidelity PennsylvaniaPairCorr
  0.7FQIFX Fidelity Freedom IndexPairCorr
  0.73FQIPX Fidelity Freedom IndexPairCorr
  0.73FQLSX Fidelity Flex FreedomPairCorr
  0.76FRAGX Aggressive GrowthPairCorr
  0.62FRAMX Fidelity Income ReplPairCorr
  0.65FRASX Fidelity Income ReplPairCorr
  0.76FRGAX Growth Allocation IndexPairCorr
  0.62FRIMX Fidelity Income ReplPairCorr
  0.63FRHMX Fidelity Managed RetPairCorr
  0.62FRKMX Fidelity Managed RetPairCorr
  0.73FRLPX Fidelity Freedom IndexPairCorr
  0.63FROGX Fidelity Municipal IncomePairCorr
  0.63FRQHX Fidelity Managed RetPairCorr
  0.63FRQIX Fidelity Income ReplPairCorr
  0.63FRQKX Fidelity Managed RetPairCorr
  0.62FRQAX Fidelity Income ReplPairCorr
  0.67FAASX Fidelity Asset ManagerPairCorr
  0.67FAAIX Fidelity Asset ManagerPairCorr
  0.84FACVX Fidelity ConvertiblePairCorr
  0.72FACPX Fidelity Advisor SumerPairCorr
  0.63FADMX Fidelity Advisor StrPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
FSLBX
+ 0.95
FSVLX
FSAVX
+ 0.91
FSVLX
FSAVX
+ 0.85
FSLBX
FSLBX
+ 0.77
FIDSX
FSPCX
+ 0.72
FIDSX
FIDSX
+ 0.7
FSVLX
  
High negative correlations   
FSAVX
- 0.02
FSPCX

Risk-Adjusted Indicators

There is a big difference between Banking Mutual Fund performing well and Banking Portfolio 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 Banking Portfolio'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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY