Fidelity Intermediate Correlations

Mutual Funds . USA . 
Fund . Fidelity Intermediate Bond
FTHRX Fund  USD 10.11  0.01  0.1%   
The current 90-days correlation between Fidelity Intermediate and Fidelity Investment Grade is 0.94 (i.e., Almost no 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

Average diversification

The correlation between Fidelity Intermediate Bond and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Intermediate Bond 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 Bond. 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

  0.83FPTKX Fidelity Freedom 2015PairCorr
  0.67FPURX Fidelity PuritanPairCorr
  0.68FPUKX Fidelity PuritanPairCorr
  0.79FPXTX Fidelity PennsylvaniaPairCorr
  0.78FQIFX Fidelity Freedom IndexPairCorr
  0.75FQIPX Fidelity Freedom IndexPairCorr
  0.66FQITX Fidelity Salem StreetPairCorr
  0.71FQLSX Fidelity Flex FreedomPairCorr
  0.7FRAGX Aggressive GrowthPairCorr
  0.9FRAMX Fidelity Income ReplPairCorr
  0.88FRASX Fidelity Income ReplPairCorr
  0.74FRGAX Growth Allocation IndexPairCorr
  0.73FRIFX Fidelity Real EstatePairCorr
  0.82FRIMX Fidelity Income ReplPairCorr
  0.73FRINX Fidelity Real EstatePairCorr
  0.7FRIOX Fidelity Real EstatePairCorr
  0.73FRIQX Fidelity Real EstatePairCorr
  0.9FRHMX Fidelity Managed RetPairCorr
  0.82FRKMX Fidelity Managed RetPairCorr
  0.73FRIRX Fidelity Real EstatePairCorr
  0.75FRLPX Fidelity Freedom IndexPairCorr
  0.83FROGX Fidelity Municipal IncomePairCorr
  0.82FRQHX Fidelity Managed RetPairCorr
  0.82FRQIX Fidelity Income ReplPairCorr
  0.82FRQKX Fidelity Managed RetPairCorr
  0.89FRQAX Fidelity Income ReplPairCorr
  0.62FAASX Fidelity Asset ManagerPairCorr
  0.63FAAIX Fidelity Asset ManagerPairCorr
  0.79FACFX Fidelity Advisor FreedomPairCorr

Related Correlations Analysis

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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.

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