Fidelity National Correlations

Stocks . USA . 
Stock . Fidelity National Financial
FNF Stock  USD 57.31  0.68  1.17%   
The current 90-days correlation between Fidelity National and Brunswick is 0.44 (i.e., Very weak diversification). The correlation of Fidelity National 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 National Correlation With Market

Significant diversification

The correlation between Fidelity National Financial and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity National Financial and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity National Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Fidelity Stock

  0.74FAF First AmericanPairCorr
  0.68AMSF AMERISAFEPairCorr
  0.63EG Everest GroupPairCorr
  0.85FG FG Annuities LifePairCorr

Moving against Fidelity Stock

  0.79JRVR James River GroupPairCorr
  0.6NMIH NMI HoldingsPairCorr
  0.58C Citigroup Aggressive PushPairCorr
  0.54MTG MGIC Investment CorpPairCorr
  0.5AXS AXIS Capital HoldingsPairCorr
  0.44RDN Radian GroupPairCorr
  0.36ESNT Essent GroupPairCorr
  0.71CM Canadian Imperial BankPairCorr
  0.68BK Bank of New YorkPairCorr
  0.59DB Deutsche Bank AGPairCorr
  0.59GS Goldman Sachs GroupPairCorr
  0.58CG Carlyle Group Normal TradingPairCorr
  0.57AX Axos FinancialPairCorr
  0.57BN Brookfield CorpPairCorr
  0.52V Visa Class APairCorr
  0.49AC Associated CapitalPairCorr
  0.46DHIL Diamond Hill InvestmentPairCorr
  0.39DIST Distoken AcquisitionPairCorr
  0.39AB AllianceBernsteinPairCorr
  0.31BX Blackstone GroupPairCorr
  0.72KB KB Financial GroupPairCorr
  0.71RY Royal BankPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
LPL
+ 0.9
BC
CDW
+ 0.75
MYPS
CDW
+ 0.71
LPL
CDW
+ 0.7
MPX
CDW
+ 0.68
BC
MYPS
+ 0.5
BC
  
High negative correlations   
LTH
- 0.53
BC
LTH
- 0.43
MYPS
LTH
- 0.39
LPL
CDW
- 0.34
LTH
FSTR
- 0.24
MYPS
MPX
- 0.03
LTH

Risk-Adjusted Indicators

There is a big difference between Fidelity Stock performing well and Fidelity National Company 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 National'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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