Fidelity Inflation-protec Correlations
| FIPDX Fund | USD 9.20 0.01 0.11% |
The current 90-days correlation between Fidelity Inflation-protec and Fidelity Intermediate Treasury is -0.01 (i.e., Good diversification). The correlation of Fidelity Inflation-protec 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 Inflation-protec Correlation With Market
Average diversification
The correlation between Fidelity Inflation Protected B and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Inflation Protected B and DJI in the same portfolio, assuming nothing else is changed.
Fidelity |
Moving together with Fidelity Mutual Fund
| 0.64 | FPTKX | Fidelity Freedom 2015 | PairCorr |
| 0.67 | FPXTX | Fidelity Pennsylvania | PairCorr |
| 0.62 | FQIFX | Fidelity Freedom Index | PairCorr |
| 0.67 | FRAMX | Fidelity Income Repl | PairCorr |
| 0.68 | FRASX | Fidelity Income Repl | PairCorr |
Related Correlations Analysis
| 0.47 | 0.53 | 0.87 | 0.44 | FUAMX | ||
| 0.47 | 0.84 | 0.61 | 0.94 | FPADX | ||
| 0.53 | 0.84 | 0.63 | 0.85 | FSRNX | ||
| 0.87 | 0.61 | 0.63 | 0.56 | FXNAX | ||
| 0.44 | 0.94 | 0.85 | 0.56 | FSPSX | ||
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Risk-Adjusted Indicators
There is a big difference between Fidelity Mutual Fund performing well and Fidelity Inflation-protec 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 Inflation-protec'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FUAMX | 0.29 | 0.02 | (0.30) | 6.73 | 0.29 | 0.62 | 1.46 | |||
| FPADX | 0.52 | 0.26 | 0.22 | 23.15 | 0.00 | 1.43 | 3.81 | |||
| FSRNX | 0.61 | 0.01 | (0.04) | 0.15 | 0.85 | 1.55 | 4.71 | |||
| FXNAX | 0.25 | 0.00 | (0.35) | 0.17 | 0.24 | 0.49 | 1.17 | |||
| FSPSX | 0.51 | 0.13 | 0.06 | 0.48 | 0.34 | 1.24 | 3.19 |