Fidelity Investment Correlations

FECAX Fund

USD 22.56 0.02 0.09%

The current 90-days correlation between Fidelity Investment Trust and Gabelli Global Financial is -0.01 (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

Significant diversification

The correlation between Fidelity Investment Trust 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 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

0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTSMX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.97	VFFSX	Vanguard 500 Index	Pair Corr
0.95	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.66	NHS	Neuberger Berman High	Pair Corr
0.85	PFE	Pfizer Inc	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.89	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.94	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.88	IBM	International Business Earnings Call Today	Pair Corr
0.9	DIS	Walt Disney	Pair Corr
0.83	CVX	Chevron Corp	Pair Corr
0.97	CAT	Caterpillar	Pair Corr
0.93	BA	Boeing Earnings Call This Week	Pair Corr
0.95	MSFT	Microsoft Earnings Call This Week	Pair Corr

Moving against Fidelity Mutual Fund

0.53

Coca Cola

Pair Corr

Related Correlations Analysis

	GCFSX	BTO	MSVIX	RMBLX	DVFYX	FTIXX	FIKBX	ICFAX
GCFSX		0.93	0.99	0.89	0.99	0.66	0.98	0.89	GCFSX
BTO	0.93		0.92	0.95	0.94	0.62	0.95	0.9	BTO
MSVIX	0.99	0.92		0.9	0.99	0.68	0.99	0.9	MSVIX
RMBLX	0.89	0.95	0.9		0.9	0.6	0.92	0.82	RMBLX
DVFYX	0.99	0.94	0.99	0.9		0.68	0.99	0.91	DVFYX
FTIXX	0.66	0.62	0.68	0.6	0.68		0.69	0.77	FTIXX
FIKBX	0.98	0.95	0.99	0.92	0.99	0.69		0.93	FIKBX
ICFAX	0.89	0.9	0.9	0.82	0.91	0.77	0.93		ICFAX
	GCFSX	BTO	MSVIX	RMBLX	DVFYX	FTIXX	FIKBX	ICFAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCFSX	0.64	0.29	0.12	(1.92)	0.35	(0.77)	1.94	(1.19)	3.94
BTO	0.89	0.15	0.10	0.35	0.87	(0.97)	2.27	(1.81)	6.26
MSVIX	0.82	0.23	0.03	(1.14)	0.80	(0.95)	2.01	(1.73)	5.72
RMBLX	1.10	0.28	0.06	(1.88)	1.00	(1.22)	2.53	(2.45)	5.97
DVFYX	0.72	0.27	0.10	(2.82)	0.56	(0.83)	1.80	(1.32)	5.14
FTIXX	0.03	0.00	0.00	2.65	0.00	0.00	0.00	0.00	1.01
FIKBX	0.80	0.26	0.06	(1.86)	0.73	(0.87)	2.01	(1.79)	5.93
ICFAX	0.78	0.03	0.03	0.20	0.83	(0.93)	2.16	(1.88)	5.58

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