Fidelity Capital Correlations

Mutual Funds . USA . 
Fund . Fidelity Capital Income
FAGIX Fund  USD 10.39  0.07  0.68%   
The current 90-days correlation between Fidelity Capital Income and Fidelity High Income is 0.82 (i.e., Very poor diversification). The correlation of Fidelity Capital 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 Capital Correlation With Market

Significant diversification

The correlation between Fidelity Capital Income and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Capital Income 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 Capital Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Fidelity Mutual Fund

  0.98VWEAX Vanguard High YieldPairCorr
  0.91VWEHX Vanguard High YieldPairCorr
  0.92BHYCX Blackrock Hi YldPairCorr
  0.98BHYIX Blackrock High YieldPairCorr
  0.99BHYSX Blackrock Hi YldPairCorr
  0.92BHYAX Blackrock High YieldPairCorr
  0.95FAHHX American Funds AmericanPairCorr
  0.95FTAHX American Funds AmericanPairCorr
  0.95AHTFX American High IncomePairCorr
  0.87AHTCX American High IncomePairCorr
  0.97SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.9SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.95TTEEX T Rowe PricePairCorr
  0.95TREMX T Rowe PricePairCorr
  0.93CISGX Touchstone Sands CapitalPairCorr
  0.99ONERX One Rock Fund Steady GrowthPairCorr
  0.81CEE Central Europe RussiaPairCorr
  0.78WWWFX Kinetics InternetPairCorr
  0.83MMM 3M CompanyPairCorr
  0.91BAC Bank of America Aggressive PushPairCorr
  0.84CSCO Cisco Systems Aggressive PushPairCorr
  0.66TRV The Travelers CompaniesPairCorr
  0.92JPM JPMorgan ChasePairCorr
  0.9CAT CaterpillarPairCorr
  0.62PFE Pfizer Inc Aggressive PushPairCorr
  0.87AXP American ExpressPairCorr
  0.85BA BoeingPairCorr
  0.97MSFT Microsoft Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Capital 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 Capital'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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY