Fidelity Asset Correlations

Mutual Funds . USA . 
Fund . Fidelity Asset Manager
FTDWX Fund  USD 13.65  0.03  0.22%   
The current 90-days correlation between Fidelity Asset Manager and Deutsche Gold Precious is 0.12 (i.e., Average diversification). The correlation of Fidelity Asset 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 Asset Correlation With Market

Weak diversification

The correlation between Fidelity Asset Manager and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Asset Manager 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 Asset Manager. 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 housing.

Moving together with Fidelity Mutual Fund

  0.96FPTKX Fidelity Freedom 2015PairCorr
  0.91FPURX Fidelity PuritanPairCorr
  0.91FPUKX Fidelity PuritanPairCorr
  0.74FPXTX Fidelity PennsylvaniaPairCorr
  0.95FQIFX Fidelity Freedom IndexPairCorr
  0.94FQIPX Fidelity Freedom IndexPairCorr
  0.63FQITX Fidelity Salem StreetPairCorr
  0.93FQLSX Fidelity Flex FreedomPairCorr
  0.92FRAGX Aggressive GrowthPairCorr
  0.97FRAMX Fidelity Income ReplPairCorr
  0.98FRASX Fidelity Income ReplPairCorr
  0.94FRGAX Growth Allocation IndexPairCorr
  0.61FRESX Fidelity Real EstatePairCorr
  0.82FRIFX Fidelity Real EstatePairCorr
  0.97FRIMX Fidelity Income ReplPairCorr
  0.82FRINX Fidelity Real EstatePairCorr
  0.79FRIOX Fidelity Real EstatePairCorr
  0.81FRIQX Fidelity Real EstatePairCorr
  0.98FRHMX Fidelity Managed RetPairCorr
  0.9FRKMX Fidelity Managed RetPairCorr
  0.81FRIRX Fidelity Real EstatePairCorr
  0.94FRLPX Fidelity Freedom IndexPairCorr
  0.76FROGX Fidelity Municipal IncomePairCorr
  0.98FRQHX Fidelity Managed RetPairCorr
  0.89FRQIX Fidelity Income ReplPairCorr
  0.98FRQKX Fidelity Managed RetPairCorr
  0.97FRQAX Fidelity Income ReplPairCorr
  0.83FAASX Fidelity Asset ManagerPairCorr
  0.84FAAIX Fidelity Asset ManagerPairCorr
  0.8FACVX Fidelity ConvertiblePairCorr
  0.68FACPX Fidelity Advisor SumerPairCorr
  0.61FACNX Fidelity CanadaPairCorr
  0.96FACFX Fidelity Advisor FreedomPairCorr
  0.89FADMX Fidelity Advisor StrPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
SGDLX
+ 1.0
SGDIX
IOGYX
+ 0.99
SGDIX
IOGYX
+ 0.99
SGDLX
UIPMX
+ 0.98
SGDIX
UIPMX
+ 0.98
SGDLX
UIPMX
+ 0.98
IOGYX
  
High negative correlations   
MXMVX
- 0.36
UNWPX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Asset 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 Asset'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY