Fidelity Intermediate Correlations

FSTGX Fund

USD 9.93 0.01 0.10%

The current 90-days correlation between Fidelity Intermediate and Vanguard Intermediate Term Government is 0.8 (i.e., Very poor 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

Good diversification

The correlation between Fidelity Intermediate Governme and DJI is -0.03 (i.e., Good 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 price.

Moving together with Fidelity Mutual Fund

0.72	FPXTX	Fidelity Pennsylvania	Pair Corr
0.67	FATEX	Fidelity Advisor Tec	Pair Corr
0.64	FSMJX	Fidelity Sai Conservative	Pair Corr
0.71	FSMUX	Strategic Advisers	Pair Corr
0.7	FBIOX	Biotechnology Portfolio	Pair Corr
0.62	FCMAX	Fidelity California	Pair Corr
0.67	FUEMX	Fidelity Flex Servative	Pair Corr

Moving against Fidelity Mutual Fund

0.45	FBSOX	It Services Portfolio	Pair Corr
0.44	FSTCX	Telecommunications	Pair Corr
0.35	FCVSX	Fidelity Convertible	Pair Corr

Related Correlations Analysis

	VSIGX	UGSFX	AMUSX	UGSCX	FSUUX	FSUGX	VFIJX	VMBSX	MFAEX	MFACX
VSIGX		0.88	0.86	0.78	0.89	0.89	0.89	0.88	0.88	0.62	VSIGX
UGSFX	0.88		0.96	0.95	0.97	0.98	0.91	0.77	0.93	0.68	UGSFX
AMUSX	0.86	0.96		0.91	0.93	0.94	0.9	0.79	0.92	0.69	AMUSX
UGSCX	0.78	0.95	0.91		0.87	0.9	0.76	0.61	0.81	0.61	UGSCX
FSUUX	0.89	0.97	0.93	0.87		0.98	0.95	0.81	0.95	0.66	FSUUX
FSUGX	0.89	0.98	0.94	0.9	0.98		0.93	0.79	0.94	0.67	FSUGX
VFIJX	0.89	0.91	0.9	0.76	0.95	0.93		0.91	0.97	0.68	VFIJX
VMBSX	0.88	0.77	0.79	0.61	0.81	0.79	0.91		0.9	0.67	VMBSX
MFAEX	0.88	0.93	0.92	0.81	0.95	0.94	0.97	0.9		0.72	MFAEX
MFACX	0.62	0.68	0.69	0.61	0.66	0.67	0.68	0.67	0.72		MFACX
	VSIGX	UGSFX	AMUSX	UGSCX	FSUUX	FSUGX	VFIJX	VMBSX	MFAEX	MFACX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VSIGX	0.13	0.00	(0.41)	(0.09)	0.14	(0.15)	0.25	(0.20)	0.89
UGSFX	0.13	(0.01)	(0.40)	(0.27)	0.15	(0.16)	0.25	(0.25)	0.82
AMUSX	0.13	(0.01)	(0.38)	(0.11)	0.14	(0.16)	0.25	(0.25)	0.82
UGSCX	0.13	(0.01)	(0.42)	(0.47)	0.16	(0.16)	0.25	(0.25)	0.83
FSUUX	0.13	(0.01)	(0.41)	(0.10)	0.13	(0.17)	0.25	(0.25)	0.82
FSUGX	0.13	(0.01)	(0.42)	(0.20)	0.15	(0.15)	0.25	(0.25)	0.66
VFIJX	0.15	0.00	(0.35)	0.01	0.13	(0.19)	0.32	(0.21)	0.85
VMBSX	0.14	0.00	(0.34)	0.14	0.10	(0.17)	0.27	(0.21)	0.91
MFAEX	0.13	(0.01)	(0.37)	(0.08)	0.13	(0.16)	0.22	(0.22)	0.90
MFACX	0.13	(0.01)	(0.39)	(0.10)	0.14	(0.16)	0.23	(0.23)	0.79

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