Fidelity Strategic Correlations

Mutual Funds . USA . 
Fund . Fidelity Strategic Real
FSRKX Fund  USD 9.11  0.01  0.11%   
The current 90-days correlation between Fidelity Strategic Real and Invesco Gold Special is 0.04 (i.e., Significant 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

Significant diversification

The correlation between Fidelity Strategic Real and DJI is 0.09 (i.e., Significant 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 state.

Moving together with Fidelity Mutual Fund

  0.65FPTKX Fidelity Freedom 2015PairCorr
  0.68FQITX Fidelity Salem StreetPairCorr
  0.62FQLSX Fidelity Flex FreedomPairCorr
  0.61FRBDX Fidelity Freedom 2070PairCorr
  0.84FRBEX Fidelity Freedom 2070PairCorr
  0.61FRBHX Fidelity Freedom 2070PairCorr
  0.9FRBJX Fidelity Advisor FreedomPairCorr
  0.83FRBKX Fidelity Advisor FreedomPairCorr
  0.61FRBLX Fidelity Advisor FreedomPairCorr
  0.61FRBNX Fidelity Advisor FreedomPairCorr
  0.62FRBOX Fidelity Advisor FreedomPairCorr
  0.62FRBPX Fidelity Advisor FreedomPairCorr
  0.61FRBQX Fidelity Flex FreedomPairCorr
  0.88FRBUX Fidelity Freedom IndexPairCorr
  0.82FRBVX Fidelity Freedom IndexPairCorr
  0.82FRBWX Fidelity Freedom IndexPairCorr
  0.61FRBYX Fidelity Freedom BlendPairCorr
  0.91FRBZX Fidelity Freedom BlendPairCorr
  0.81FRAGX Aggressive GrowthPairCorr
  0.83FRAMX Fidelity Income ReplPairCorr
  0.62FRASX Fidelity Income ReplPairCorr
  0.61FRCFX Fidelity Freedom BlendPairCorr
  0.84FRCHX Fidelity Freedom BlendPairCorr
  0.62FRCLX Fidelity Freedom BlendPairCorr
  0.84FRCNX Fidelity Freedom BlendPairCorr
  0.61FRCPX Fidelity Freedom BlendPairCorr
  0.81FRCVX Fidelity SustainablePairCorr
  0.88FRCYX Fidelity SustainablePairCorr
  0.81FRDCX Fidelity SustainablePairCorr
  0.82FRDDX 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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