Fidelity Investment Correlations

Mutual Funds . USA . 
Fund . Fidelity Investment Trust
FECAX Fund  USD 22.54  0.01  0.04%   
The current 90-days correlation between Fidelity Investment Trust and Nuveen All American Municipal is -0.04 (i.e., Good diversification). The correlation of Fidelity Investment 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 Investment Correlation With Market

Good diversification

The correlation between Fidelity Investment Trust and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Investment Trust 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 Investment Trust. 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 nation.

Moving together with Fidelity Mutual Fund

  0.88VTSAX Vanguard Total StockPairCorr
  0.69VFIAX Vanguard 500 IndexPairCorr
  0.7VTSMX Vanguard Total StockPairCorr
  0.88VITSX Vanguard Total StockPairCorr
  0.71VSTSX Vanguard Total StockPairCorr
  0.7VSMPX Vanguard Total StockPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.69VFFSX Vanguard 500 IndexPairCorr
  0.73VGTSX Vanguard Total InterPairCorr
  0.73VTIAX Vanguard Total InterPairCorr
  0.68IDIVX Integrity DividendPairCorr
  0.68DDIAX Delaware Dividend IncmePairCorr
  0.75FCFAX Frost CreditPairCorr
  0.76USAAX Growth Fund GrowthPairCorr
  0.82FEGOX First Eagle Gold Steady GrowthPairCorr
  0.91SEDAX Siit Emerging MarketsPairCorr
  0.78DMB Bny Mellon MunicipalPairCorr
  0.66FIUIX Fidelity Telecom AndPairCorr
  0.75FUMBX Fidelity Short TermPairCorr
  0.61NOINX Northern InternationalPairCorr
  0.83JRAAX Janus ResearchPairCorr
  0.78FRPAX Franklin PennsylvaniaPairCorr
  0.66MAMBX Mutual Of AmericaPairCorr
  0.74PRGFX T Rowe PricePairCorr
  0.66RYPNX Royce Opportunity Potential GrowthPairCorr
  0.79CPXIX Cohen Steers PrfrdPairCorr
  0.82JAMRX Janus ResearchPairCorr
  0.62HCACX Hartford CapitalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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