Fidelity Short Correlations

Mutual Funds . USA . 
Fund . Fidelity Short Duration
FSBHX Fund  USD 8.99  0.01  0.11%   
The current 90-days correlation between Fidelity Short Duration and Fidelity Freedom 2015 is -0.05 (i.e., Good diversification). The correlation of Fidelity Short 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 Short Correlation With Market

Good diversification

The correlation between Fidelity Short Duration 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 Short Duration 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 Short Duration. 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 rate.

Moving together with Fidelity Mutual Fund

  0.98FPTKX Fidelity Freedom 2015PairCorr
  0.98FPURX Fidelity PuritanPairCorr
  0.98FPUKX Fidelity PuritanPairCorr
  0.66FPXTX Fidelity PennsylvaniaPairCorr
  0.98FQIFX Fidelity Freedom IndexPairCorr
  0.98FQIPX Fidelity Freedom IndexPairCorr
  0.78FQITX Fidelity Salem StreetPairCorr
  0.98FQLSX Fidelity Flex FreedomPairCorr
  0.98FRBDX Fidelity Freedom 2070PairCorr
  0.98FRBOX Fidelity Advisor FreedomPairCorr
  0.97FRCFX Fidelity Freedom BlendPairCorr
  0.97FRCKX Fidelity Freedom BlendPairCorr
  0.98FRCNX Fidelity Freedom BlendPairCorr

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 Short 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 Short'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  0.06 (0.16) 0.37  0.00 
(0.29)
 0.68 
(0.50)
 1.67 
FPURX  0.39  0.08  0.01  0.31  0.00 
(0.45)
 1.28 
(0.78)
 2.85 
FPUKX  0.40  0.08  0.01  0.31  0.00 
(0.46)
 1.32 
(0.78)
 2.90 
FPXTX  0.12 (0.01)(0.85)(0.05) 0.11 
(0.18)
 0.30 
(0.20)
 0.89 
FQIFX  0.31  0.07 (0.06) 0.33  0.00 
(0.36)
 0.96 
(0.60)
 2.17 
FQIPX  0.45  0.12  0.09  0.35  0.07 
(0.56)
 1.48 
(0.87)
 3.29 
FQITX  0.54  0.06 (0.05) 0.31  0.62 
(0.60)
 1.27 
(1.14)
 3.58 
FQLSX  0.45  0.13  0.10  0.37  0.00 
(0.57)
 1.53 
(0.84)
 3.33 
FRBDX  0.48  0.23  0.07 (3.38) 0.26 
(0.60)
 1.61 
(1.11)
 3.27 
FRBEX  0.40  0.12  0.04  0.46  0.00 
(0.51)
 1.27 
(0.79)
 3.18 

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