Fidelity Stock Correlations

Mutual Funds . USA . 
Fund . Fidelity Stock Selector
FDSSX Fund  USD 84.67  0.06  0.07%   
The current 90-days correlation between Fidelity Stock Selector and Fidelity Disciplined Equity is 0.97 (i.e., Almost no diversification). The correlation of Fidelity Stock 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 Stock Correlation With Market

Almost no diversification

The correlation between Fidelity Stock Selector and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Stock Selector 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 Stock Selector. 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 state.

Moving together with Fidelity Mutual Fund

  0.99FQIFX Fidelity Freedom IndexPairCorr
  0.99FRBJX Fidelity Advisor FreedomPairCorr
  0.99FRBKX Fidelity Advisor FreedomPairCorr
  0.7FRESX Fidelity Real EstatePairCorr
  0.87FRIOX Fidelity Real EstatePairCorr
  1.0FADTX Fidelity Advisor TecPairCorr
  1.0FAGIX Fidelity Capital IncomePairCorr
  1.0FAGCX Fidelity Advisor GrowthPairCorr
  0.95FTF Franklin TempletonPairCorr
  0.96FSAWX Fidelity Sai ConvertiblePairCorr
  1.0FAOFX Fidelity Advisor SeriesPairCorr
  0.94FAOSX Fidelity Advisor OverseasPairCorr
  1.0FSEQX Fidelity Advisor SusPairCorr
  0.98FSEAX Fidelity Emerging AsiaPairCorr
  0.82FSNDX Fidelity Salem StreetPairCorr
  0.99FSNQX Fidelity Freedom 2030PairCorr
  0.99FSMDX Fidelity Mid CapPairCorr
  1.0FSPGX Fidelity Large CapPairCorr
  0.94FSPSX Fidelity InternationalPairCorr
  0.86FSRNX Fidelity Real EstatePairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  1.0FBIFX Fidelity Freedom IndexPairCorr
  0.99FBMPX Multimedia PortfolioPairCorr
  0.99FTCVX Fidelity ConvertiblePairCorr
  0.98FTIHX Fidelity Total InterPairCorr
  0.99FCLCX Fidelity Advisor IndPairCorr
  0.99FCLAX Fidelity Advisor IndPairCorr
  0.79FCMAX Fidelity CaliforniaPairCorr
  1.0FCLKX Fidelity Large CapPairCorr
  0.95FUEMX Fidelity Flex ServativePairCorr
  0.95FCPVX Fidelity Small CapPairCorr
  0.64FUMBX Fidelity Short TermPairCorr
  0.99FELCX Fidelity Advisor SemPairCorr
  0.99FEMKX Fidelity Emerging MarketsPairCorr
  0.99FFFEX Fidelity Freedom 2030PairCorr
  1.0FXAIX Fidelity 500 IndexPairCorr
  0.98FFRHX Fidelity Advisor FloatingPairCorr

Moving against Fidelity Mutual Fund

  0.47FDAGX Consumer Staples PorPairCorr

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 Stock 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 Stock'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