Fidelity International Correlations

Etfs . USA . 
Etf . Fidelity International Value
FIVA Etf  USD 29.12  0.12  0.41%   
The current 90-days correlation between Fidelity International and Fidelity International High is 0.9 (i.e., Almost no diversification). The correlation of Fidelity International 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.

Fidelity International Correlation With Market

Very weak diversification

The correlation between Fidelity International Value and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity International Value and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Fidelity Etf
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity International Value. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Fidelity Etf

  1.0EFV iShares MSCI EAFE Sell-off TrendPairCorr
  0.99FNDF Schwab FundamentalPairCorr
  1.0VYMI Vanguard InternationalPairCorr
  0.97IDV iShares InternationalPairCorr
  0.99DFIV Dimensional InternationalPairCorr
  1.0IVLU iShares Edge MSCIPairCorr
  0.99RODM Hartford MultifactorPairCorr
  1.0PXF Invesco FTSE RAFIPairCorr
  0.97HDEF Xtrackers MSCI EAFEPairCorr
  0.99PID Invesco InternationalPairCorr
  0.96VTI Vanguard Total Stock Sell-off TrendPairCorr
  0.96SPY SPDR SP 500 Sell-off TrendPairCorr
  0.96IVV iShares Core SP Sell-off TrendPairCorr
  0.94VTV Vanguard Value IndexPairCorr
  0.96VUG Vanguard Growth IndexPairCorr
  0.96VO Vanguard Mid CapPairCorr
  1.0VEA Vanguard FTSE DevelopedPairCorr
  0.95VB Vanguard Small CapPairCorr
  0.96VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.77KGRN KraneShares MSCI ChinaPairCorr
  0.87PFE Pfizer IncPairCorr
  0.95BAC Bank of AmericaPairCorr
  0.95MSFT MicrosoftPairCorr
  0.93CSCO Cisco SystemsPairCorr
  0.95DIS Walt DisneyPairCorr
  0.87AA Alcoa CorpPairCorr
  0.86DD Dupont De NemoursPairCorr
  0.92JPM JPMorgan ChasePairCorr
  0.93AXP American ExpressPairCorr
  0.89IBM International Business Earnings Call This WeekPairCorr

Moving against Fidelity Etf

  0.59MCD McDonaldsPairCorr
  0.41PG Procter GamblePairCorr
  0.31VZ Verizon Communications Earnings Call TomorrowPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Fidelity International Constituents Risk-Adjusted Indicators

There is a big difference between Fidelity Etf performing well and Fidelity International ETF 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 International'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY