Fidelity Series Correlations

Mutual Funds . USA . 
Fund . Fidelity Series 0 5
FSTZX Fund  USD 9.90  0.00  0.00%   
The current 90-days correlation between Fidelity Series 0 and Putnam Convertible Incm Gwth is 0.17 (i.e., Average diversification). The correlation of Fidelity Series 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 Series Correlation With Market

Poor diversification

The correlation between Fidelity Series 0 5 and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Series 0 5 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 Series 0 5. 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 nation.

Moving together with Fidelity Mutual Fund

  0.87FPTKX Fidelity Freedom 2015PairCorr
  0.8FPURX Fidelity PuritanPairCorr
  0.8FPUKX Fidelity PuritanPairCorr
  0.92FPXTX Fidelity PennsylvaniaPairCorr
  0.87FQIFX Fidelity Freedom IndexPairCorr
  0.84FQIPX Fidelity Freedom IndexPairCorr
  0.82FQITX Fidelity Salem StreetPairCorr
  0.85FQLSX Fidelity Flex FreedomPairCorr
  0.85FRBDX Fidelity Freedom 2070PairCorr
  0.85FRBEX Fidelity Freedom 2070PairCorr
  0.85FRBHX Fidelity Freedom 2070PairCorr
  0.84FRBJX Fidelity Advisor FreedomPairCorr
  0.84FRBKX Fidelity Advisor FreedomPairCorr
  0.84FRBLX Fidelity Advisor FreedomPairCorr
  0.85FRBNX Fidelity Advisor FreedomPairCorr
  0.84FRBOX Fidelity Advisor FreedomPairCorr
  0.84FRBPX Fidelity Advisor FreedomPairCorr
  0.85FRBQX Fidelity Flex FreedomPairCorr
  0.83FRBUX Fidelity Freedom IndexPairCorr
  0.83FRBVX Fidelity Freedom IndexPairCorr
  0.83FRBWX Fidelity Freedom IndexPairCorr
  0.85FRBYX Fidelity Freedom BlendPairCorr
  0.85FRBZX Fidelity Freedom BlendPairCorr
  0.81FRAGX Aggressive GrowthPairCorr
  0.91FRAMX Fidelity Income ReplPairCorr
  0.9FRASX Fidelity Income ReplPairCorr
  0.85FRCFX Fidelity Freedom BlendPairCorr
  0.85FRCHX Fidelity Freedom BlendPairCorr
  0.85FRCJX Fidelity Freedom BlendPairCorr
  0.85FRCKX Fidelity Freedom BlendPairCorr
  0.84FRCLX Fidelity Freedom BlendPairCorr
  0.84FRCNX Fidelity Freedom BlendPairCorr
  0.85FRCPX Fidelity Freedom BlendPairCorr
  0.82FRCQX Fidelity SustainablePairCorr
  0.82FRCRX Fidelity SustainablePairCorr
  0.82FRCVX Fidelity SustainablePairCorr
  0.82FRCWX Fidelity SustainablePairCorr
  0.82FRCYX Fidelity SustainablePairCorr
  0.82FRDCX 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 Series 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 Series' 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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