Fidelity Small Correlations

Mutual Funds . USA . 
Fund . Fidelity Small Cap
FISVX Fund  USD 25.85  0.14  0.54%   
The current 90-days correlation between Fidelity Small Cap and Fidelity Freedom 2015 is -0.04 (i.e., Good diversification). The correlation of Fidelity Small 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 Small Correlation With Market

Good diversification

The correlation between Fidelity Small Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Small Cap 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 Small Cap. 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 real.

Moving together with Fidelity Mutual Fund

  0.64FPTKX Fidelity Freedom 2015PairCorr
  0.64FPURX Fidelity PuritanPairCorr
  0.64FPUKX Fidelity PuritanPairCorr
  0.67FPXTX Fidelity PennsylvaniaPairCorr
  0.65FQIFX Fidelity Freedom IndexPairCorr
  0.65FQIPX Fidelity Freedom IndexPairCorr
  0.62FQITX Fidelity Salem StreetPairCorr
  0.65FQLSX Fidelity Flex FreedomPairCorr
  0.65FRBDX Fidelity Freedom 2070PairCorr
  0.96FRBEX Fidelity Freedom 2070PairCorr
  0.96FRBHX Fidelity Freedom 2070PairCorr
  0.95FRBJX Fidelity Advisor FreedomPairCorr
  0.96FRBKX Fidelity Advisor FreedomPairCorr
  0.96FRBLX Fidelity Advisor FreedomPairCorr
  0.96FRBOX Fidelity Advisor FreedomPairCorr
  0.95FRBPX Fidelity Advisor FreedomPairCorr
  0.95FRBQX Fidelity Flex FreedomPairCorr
  0.96FRBUX Fidelity Freedom IndexPairCorr
  0.95FRBVX Fidelity Freedom IndexPairCorr
  0.96FRBWX Fidelity Freedom IndexPairCorr
  0.96FRBYX Fidelity Freedom BlendPairCorr
  0.96FRBZX Fidelity Freedom BlendPairCorr
  0.96FRAGX Aggressive GrowthPairCorr
  0.94FRAMX Fidelity Income ReplPairCorr
  0.94FRASX Fidelity Income ReplPairCorr
  0.95FRCFX Fidelity Freedom BlendPairCorr
  0.95FRCHX Fidelity Freedom BlendPairCorr
  0.95FRCKX Fidelity Freedom BlendPairCorr
  0.96FRCLX Fidelity Freedom BlendPairCorr
  0.96FRCNX Fidelity Freedom BlendPairCorr
  0.97FRCPX Fidelity Freedom BlendPairCorr
  0.94FRCQX Fidelity SustainablePairCorr
  0.96FRCRX Fidelity SustainablePairCorr
  0.95FRCVX Fidelity SustainablePairCorr
  0.96FRCWX Fidelity SustainablePairCorr
  0.96FRCYX Fidelity SustainablePairCorr
  0.95FRDCX Fidelity SustainablePairCorr
  0.95FRDDX Fidelity SustainablePairCorr
  0.96FRDEX Fidelity SustainablePairCorr
  0.65FRGAX Growth Allocation IndexPairCorr

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 Small 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 Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPTKX  0.24  0.08 (0.05) 0.48  0.00 
(0.30)
 0.68 
(0.50)
 1.67 
FPURX  0.38  0.15  0.16  0.48  0.00 
(0.46)
 1.28 
(0.43)
 2.85 
FPUKX  0.39  0.15  0.15  0.47  0.00 
(0.46)
 1.32 
(0.43)
 2.90 
FPXTX  0.11  0.00 (0.82) 0.03  0.03 
(0.17)
 0.30 
(0.20)
 0.89 
FQIFX  0.30  0.11  0.04  0.47  0.00 
(0.37)
 0.96 
(0.50)
 2.17 
FQIPX  0.45  0.17  0.21  0.44  0.00 
(0.58)
 1.48 
(0.83)
 3.29 
FQITX  0.55  0.04 (0.03) 0.22  0.66 
(0.59)
 1.26 
(1.14)
 3.58 
FQLSX  0.45  0.19  0.21  0.46  0.00 
(0.60)
 1.53 
(0.80)
 3.33 
FRBDX  0.46  0.19  0.22  0.47  0.00 
(0.62)
 1.61 
(0.79)
 3.27 
FRBEX  0.48  0.24  0.14 (3.93) 0.20 
(0.59)
 1.61 
(1.11)
 3.18 

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