Fidelity National Correlations

ZGY Stock  EUR 80.83  0.11  0.14%   
The current 90-days correlation between Fidelity National and Paychex is 0.1 (i.e., Average diversification). The correlation of Fidelity National 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.

Fidelity National Correlation With Market

Good diversification

The correlation between Fidelity National Information and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity National Information and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Fidelity National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity National Information to buy it.

Moving together with Fidelity Stock

  0.88ADP Automatic Data ProcessingPairCorr
  0.88FIV Fiserv IncPairCorr
  0.89PCX PaychexPairCorr
  0.62VA7A Verisk AnalyticsPairCorr
  0.77KBIA KB Financial GroupPairCorr
  0.88UN3 United Natural FoodsPairCorr
  0.67DBPE Xtrackers LevDAXPairCorr

Moving against Fidelity Stock

  0.89SSU Samsung ElectronicsPairCorr
  0.89SSUN Samsung ElectronicsPairCorr
  0.88SSU Samsung ElectronicsPairCorr
  0.87SSUN Samsung ElectronicsPairCorr
  0.77EFX EquifaxPairCorr
  0.62DBPD Xtrackers ShortDAXPairCorr
  0.56PTI Perusahaan PerseroanPairCorr
  0.48BYRA PT Bank RakyatPairCorr
  0.48TCID Telkom Indonesia TbkPairCorr
  0.45PQ9 PT Bank MandiriPairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Fidelity National without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fidelity National Corporate Management

Elected by the shareholders, the Fidelity National's board of directors comprises two types of representatives: Fidelity National inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fidelity. The board's role is to monitor Fidelity National's management team and ensure that shareholders' interests are well served. Fidelity National's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fidelity National's outside directors are responsible for providing unbiased perspectives on the board's policies.