Fidelity Telecom Correlations

Mutual Funds . USA . 
Fund . Fidelity Telecom And
FIUIX Fund  USD 37.63  0.63  1.70%   
The current 90-days correlation between Fidelity Telecom And and Fidelity Emerging Asia is 0.29 (i.e., Modest diversification). The correlation of Fidelity Telecom 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 Telecom Correlation With Market

Very weak diversification

The correlation between Fidelity Telecom And and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Telecom And 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 Telecom And. 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 gross domestic product.

Moving together with Fidelity Mutual Fund

  0.66FPTKX Fidelity Freedom 2015PairCorr
  0.64FPURX Fidelity PuritanPairCorr
  0.64FPUKX Fidelity PuritanPairCorr
  0.7FPXTX Fidelity PennsylvaniaPairCorr
  0.68FQIFX Fidelity Freedom IndexPairCorr
  0.68FQIPX Fidelity Freedom IndexPairCorr
  0.67FQLSX Fidelity Flex FreedomPairCorr
  0.67FRBDX Fidelity Freedom 2070PairCorr
  0.67FRBEX Fidelity Freedom 2070PairCorr
  0.67FRBHX Fidelity Freedom 2070PairCorr
  0.65FRBJX Fidelity Advisor FreedomPairCorr
  0.66FRBKX Fidelity Advisor FreedomPairCorr
  0.67FRBOX Fidelity Advisor FreedomPairCorr
  0.67FRBPX Fidelity Advisor FreedomPairCorr
  0.67FRBQX Fidelity Flex FreedomPairCorr
  0.68FRBWX Fidelity Freedom IndexPairCorr
  0.67FRBYX Fidelity Freedom BlendPairCorr
  0.67FRBZX Fidelity Freedom BlendPairCorr
  0.67FRAGX Aggressive GrowthPairCorr
  0.66FRAMX Fidelity Income ReplPairCorr
  0.66FRASX Fidelity Income ReplPairCorr
  0.68FRCHX Fidelity Freedom BlendPairCorr
  0.69FRCKX Fidelity Freedom BlendPairCorr
  0.62FRCLX Fidelity Freedom BlendPairCorr
  0.65FRCNX Fidelity Freedom BlendPairCorr
  0.68FRCRX Fidelity SustainablePairCorr
  0.68FRCVX Fidelity SustainablePairCorr
  0.68FRCWX Fidelity SustainablePairCorr
  0.68FRCYX Fidelity SustainablePairCorr
  0.68FRDEX Fidelity SustainablePairCorr
  0.67FRGAX Growth Allocation IndexPairCorr
  0.66FRIMX Fidelity Income ReplPairCorr
  0.66FRHMX Fidelity Managed RetPairCorr
  0.66FRKMX Fidelity Managed RetPairCorr
  0.68FRLPX Fidelity Freedom IndexPairCorr
  0.66FRQHX Fidelity Managed RetPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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