Fidelity Intermediate Correlations

Mutual Funds . USA . 
Fund . Fidelity Intermediate Government
FSTGX Fund  USD 9.96  0.01  0.10%   
The current 90-days correlation between Fidelity Intermediate and Nuveen Variable Rate is -0.16 (i.e., Good diversification). The correlation of Fidelity Intermediate 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 Intermediate Correlation With Market

Poor diversification

The correlation between Fidelity Intermediate Governme and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Intermediate Governme 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 Intermediate Government. 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 census.

Moving together with Fidelity Mutual Fund

  0.68FPTKX Fidelity Freedom 2015PairCorr
  0.82FPXTX Fidelity PennsylvaniaPairCorr
  0.71FQIFX Fidelity Freedom IndexPairCorr
  0.64FQIPX Fidelity Freedom IndexPairCorr
  0.61FQITX Fidelity Salem StreetPairCorr
  0.65FQLSX Fidelity Flex FreedomPairCorr
  0.63FRBDX Fidelity Freedom 2070PairCorr
  0.63FRBEX Fidelity Freedom 2070PairCorr
  0.63FRBHX Fidelity Freedom 2070PairCorr
  0.62FRBJX Fidelity Advisor FreedomPairCorr
  0.62FRBKX Fidelity Advisor FreedomPairCorr
  0.62FRBLX Fidelity Advisor FreedomPairCorr
  0.62FRBNX Fidelity Advisor FreedomPairCorr
  0.64FRBOX Fidelity Advisor FreedomPairCorr
  0.62FRBPX Fidelity Advisor FreedomPairCorr
  0.63FRBQX Fidelity Flex FreedomPairCorr
  0.61FRBUX Fidelity Freedom IndexPairCorr
  0.61FRBVX Fidelity Freedom IndexPairCorr
  0.61FRBWX Fidelity Freedom IndexPairCorr
  0.62FRBYX Fidelity Freedom BlendPairCorr
  0.63FRBZX Fidelity Freedom BlendPairCorr
  0.61FRAGX Aggressive GrowthPairCorr
  0.74FRAMX Fidelity Income ReplPairCorr
  0.76FRASX Fidelity Income ReplPairCorr
  0.63FRCFX Fidelity Freedom BlendPairCorr
  0.63FRCHX Fidelity Freedom BlendPairCorr
  0.63FRCJX Fidelity Freedom BlendPairCorr
  0.63FRCKX Fidelity Freedom BlendPairCorr
  0.62FRCLX Fidelity Freedom BlendPairCorr
  0.62FRCNX Fidelity Freedom BlendPairCorr
  0.64FRCPX Fidelity Freedom BlendPairCorr
  0.63FRCVX Fidelity SustainablePairCorr
  0.62FRCYX Fidelity SustainablePairCorr
  0.63FRDDX Fidelity SustainablePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Intermediate 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 Intermediate'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
FOHFX  0.07  0.02 (0.28)(14.31) 0.00 
(0.13)
 0.17 
(0.09)
 0.61 
PCQ  0.30  0.04 (0.05) 0.44  0.23 
(0.36)
 0.67 
(0.57)
 1.96 
NCV  0.70  0.12  0.11  0.25  0.60 
(0.78)
 1.74 
(1.26)
 3.69 
CHW  0.65  0.14  0.13  0.28  0.60 
(0.73)
 1.41 
(1.41)
 3.21 
KIO  0.38  0.00 (0.09) 0.07  0.48 
(0.45)
 0.87 
(0.85)
 2.39 
EARRX  0.06 (0.01)(0.69)(0.15) 0.00 
(0.12)
 0.10 
(0.10)
 0.40 
FMHTX  0.07  0.02 (0.33)(3.04) 0.00 
(0.12)
 0.17 
(0.09)
 0.60 
BUFBX  0.59  0.16  0.20  0.41  0.25 
(0.73)
 1.22 
(1.05)
 8.93 
NBB  0.40  0.01 (0.08) 0.14  0.60 
(0.36)
 0.76 
(0.83)
 2.08 
NPFD  0.34  0.05 (0.02) 0.29  0.30 
(0.38)
 0.84 
(0.63)
 1.85 

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