Fidelity Sustainable Correlations

FSYRX Fund

USD 9.65 0.05 0.52%

The current 90-days correlation between Fidelity Sustainable and Fidelity Sustainable Emerging is -0.22 (i.e., Very good diversification). The correlation of Fidelity Sustainable 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 Sustainable Correlation With Market

Good diversification

The correlation between Fidelity Sustainable Internati and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Sustainable Internati 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 Sustainable International. 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 metropolitan statistical area.

Moving together with Fidelity Mutual Fund

0.98	FQITX	Fidelity Salem Street	Pair Corr
0.76	FRAMX	Fidelity Income Repl	Pair Corr
0.69	FRASX	Fidelity Income Repl	Pair Corr
0.81	FRIMX	Fidelity Income Repl	Pair Corr
0.74	FRHMX	Fidelity Managed Ret	Pair Corr
0.74	FRKMX	Fidelity Managed Ret	Pair Corr
0.73	FRQHX	Fidelity Managed Ret	Pair Corr
0.74	FRQIX	Fidelity Income Repl	Pair Corr
0.74	FRQKX	Fidelity Managed Ret	Pair Corr
0.75	FRQAX	Fidelity Income Repl	Pair Corr
0.69	FACTX	Fidelity Advisor Health	Pair Corr
0.73	FACFX	Fidelity Advisor Freedom	Pair Corr
0.69	FACDX	Fidelity Advisor Health	Pair Corr

Moving against Fidelity Mutual Fund

0.46	FPURX	Fidelity Puritan	Pair Corr
0.46	FPUKX	Fidelity Puritan	Pair Corr
0.77	FAFSX	Fidelity Advisor Fin	Pair Corr
0.77	FAFDX	Fidelity Advisor Fin	Pair Corr
0.77	FAFCX	Fidelity Advisor Fin	Pair Corr
0.69	FACVX	Fidelity Convertible	Pair Corr
0.68	FAGKX	Fidelity Growth Stra	Pair Corr
0.59	FACPX	Fidelity Advisor Sumer	Pair Corr
0.59	FADTX	Fidelity Advisor Tec	Pair Corr
0.56	FACGX	Fidelity Advisor Growth	Pair Corr
0.56	FAGOX	Fidelity Advisor Growth	Pair Corr

Related Correlations Analysis

	FSYJX	FYMRX	FCAEX	FLOWX	FAPHX
FSYJX		0.73	0.53	0.5	0.56	FSYJX
FYMRX	0.73		0.72	0.74	0.79	FYMRX
FCAEX	0.53	0.72		0.94	0.91	FCAEX
FLOWX	0.5	0.74	0.94		0.89	FLOWX
FAPHX	0.56	0.79	0.91	0.89		FAPHX
	FSYJX	FYMRX	FCAEX	FLOWX	FAPHX

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Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Sustainable 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 Sustainable'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
FSYJX	0.86	(0.06)	0.00	(0.05)	0.00	0.00	2.11	(2.14)	6.13
FYMRX	0.45	0.00	(0.19)	(0.24)	0.58	(0.46)	0.95	(0.94)	2.82
FCAEX	0.64	(0.04)	(0.05)	0.08	0.93	(0.67)	1.40	(1.80)	3.95
FLOWX	0.67	(0.06)	(0.11)	0.05	0.73	(0.74)	1.33	(1.28)	3.97
FAPHX	0.57	(0.04)	(0.10)	0.06	0.72	(0.57)	1.00	(1.08)	3.07

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