Retailing Portfolio Correlations

Mutual Funds . USA . 
Fund . Retailing Portfolio Retailing
FSRPX Fund  USD 18.41  0.04  0.22%   
The current 90-days correlation between Retailing Portfolio and International Advantage Portfolio is 0.57 (i.e., Very weak diversification). The correlation of Retailing 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.

Retailing Portfolio Correlation With Market

Almost no diversification

The correlation between Retailing Portfolio Retailing and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Retailing Portfolio Retailing 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 Retailing Portfolio Retailing. 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 Retailing Mutual Fund

  0.86FPTKX Fidelity Freedom 2015PairCorr
  0.89FPURX Fidelity PuritanPairCorr
  0.89FPUKX Fidelity PuritanPairCorr
  0.74FPXTX Fidelity PennsylvaniaPairCorr
  0.88FQIFX Fidelity Freedom IndexPairCorr
  0.89FQIPX Fidelity Freedom IndexPairCorr
  0.9FQITX Fidelity Salem StreetPairCorr
  0.89FQLSX Fidelity Flex FreedomPairCorr
  0.87FRBDX Fidelity Freedom 2070PairCorr
  0.87FRBEX Fidelity Freedom 2070PairCorr
  0.87FRBHX Fidelity Freedom 2070PairCorr
  0.87FRBJX Fidelity Advisor FreedomPairCorr
  0.87FRBKX Fidelity Advisor FreedomPairCorr
  0.87FRBLX Fidelity Advisor FreedomPairCorr
  0.87FRBNX Fidelity Advisor FreedomPairCorr
  0.87FRBOX Fidelity Advisor FreedomPairCorr
  0.87FRBPX Fidelity Advisor FreedomPairCorr
  0.89FRBQX Fidelity Flex FreedomPairCorr
  0.86FRBUX Fidelity Freedom IndexPairCorr
  0.86FRBVX Fidelity Freedom IndexPairCorr
  0.89FRBWX Fidelity Freedom IndexPairCorr
  0.87FRBYX Fidelity Freedom BlendPairCorr
  0.87FRBZX Fidelity Freedom BlendPairCorr
  0.91FRAGX Aggressive GrowthPairCorr
  0.85FRAMX Fidelity Income ReplPairCorr
  0.87FRASX Fidelity Income ReplPairCorr
  0.87FRCFX Fidelity Freedom BlendPairCorr
  0.87FRCHX Fidelity Freedom BlendPairCorr
  0.87FRCJX Fidelity Freedom BlendPairCorr
  0.87FRCKX Fidelity Freedom BlendPairCorr
  0.87FRCLX Fidelity Freedom BlendPairCorr
  0.87FRCNX Fidelity Freedom BlendPairCorr
  0.87FRCPX Fidelity Freedom BlendPairCorr
  0.87FRCQX Fidelity SustainablePairCorr
  0.87FRCRX Fidelity SustainablePairCorr
  0.87FRCVX Fidelity SustainablePairCorr
  0.84FRCWX Fidelity SustainablePairCorr
  0.84FRCYX Fidelity SustainablePairCorr
  0.86FRDCX Fidelity SustainablePairCorr
  0.87FRDDX 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

ALVIX
+ 0.94
PSPAX
FSDAX
+ 0.91
PSPAX
ALVIX
+ 0.89
FSDAX
ALVIX
+ 0.88
GSHIX
PSPAX
+ 0.87
GSHIX
FSDAX
+ 0.87
GERIX
  

High negative correlations

CFSIX
- 0.66
FRESX
CFSIX
- 0.57
GERIX
PSPAX
- 0.5
FSUTX
CFSIX
- 0.48
ALVIX
ALVIX
- 0.44
FSUTX
CFSIX
- 0.4
GSHIX

Risk-Adjusted Indicators

There is a big difference between Retailing Mutual Fund performing well and Retailing 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 Retailing 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRESX  0.57  0.06  0.02  0.22  0.68 
(0.59)
 1.40 
(1.07)
 3.37 
GSHIX  0.11  0.01 (0.22) 0.24  0.00 
(0.27)
 0.36 
(0.18)
 1.06 
GERIX  0.74  0.17  0.18  0.37  0.51 
(0.89)
 1.47 
(1.28)
 4.83 
FSUTX  0.80 (0.01)(0.05) 0.04  1.16 
(0.78)
 1.57 
(1.89)
 4.93 
PSPAX  0.87  0.31  0.32  1.06  0.26 
(1.15)
 1.56 
(1.25)
 15.76 
FSDAX  1.05  0.10  0.07  0.20  1.00 
(1.18)
 2.32 
(2.04)
 5.86 
ALVIX  0.66  0.30  0.39  0.77  0.00 
(0.94)
 1.32 
(1.00)
 12.07 
CFSIX  1.09 (0.25) 0.00 (0.21) 0.00 
 0.00 
 1.97 
(2.75)
 5.61 
MFAPX  0.74  0.08  0.00 (4.64) 1.01 
(0.72)
 1.46 
(1.68)
 3.89 
MFAIX  0.77 (0.03)(0.03) 0.04  1.10 
(0.74)
 1.48 
(1.73)
 3.88 

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