Fidelity Emerging Correlations

Mutual Funds . USA . 
Fund . Fidelity Emerging Asia
FSEAX Fund  USD 56.25  0.49  0.86%   
The current 90-days correlation between Fidelity Emerging Asia and Cmg Ultra Short is 0.03 (i.e., Significant diversification). The correlation of Fidelity Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Fidelity Emerging Asia and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Emerging Asia 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 Emerging Asia. 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 nation.

Moving together with Fidelity Mutual Fund

  0.98FPTKX Fidelity Freedom 2015PairCorr
  0.87FPURX Fidelity PuritanPairCorr
  0.87FPUKX Fidelity PuritanPairCorr
  0.99FQIPX Fidelity Freedom IndexPairCorr
  0.71FQITX Fidelity Salem StreetPairCorr
  0.86FQLSX Fidelity Flex FreedomPairCorr
  0.82FRBDX Fidelity Freedom 2070PairCorr
  0.85FRBEX Fidelity Freedom 2070PairCorr
  0.85FRBHX Fidelity Freedom 2070PairCorr
  0.85FRBJX Fidelity Advisor FreedomPairCorr
  0.83FRBKX Fidelity Advisor FreedomPairCorr
  0.86FRBLX Fidelity Advisor FreedomPairCorr
  0.85FRBOX Fidelity Advisor FreedomPairCorr
  0.85FRBPX Fidelity Advisor FreedomPairCorr
  0.86FRBQX Fidelity Flex FreedomPairCorr
  0.86FRBUX Fidelity Freedom IndexPairCorr
  0.86FRBVX Fidelity Freedom IndexPairCorr
  0.86FRBWX Fidelity Freedom IndexPairCorr
  0.86FRBYX Fidelity Freedom BlendPairCorr
  0.82FRBZX Fidelity Freedom BlendPairCorr
  0.82FRAGX Aggressive GrowthPairCorr
  0.88FRAMX Fidelity Income ReplPairCorr
  0.87FRASX Fidelity Income ReplPairCorr
  0.86FRCHX Fidelity Freedom BlendPairCorr
  0.86FRCKX Fidelity Freedom BlendPairCorr
  0.86FRCLX Fidelity Freedom BlendPairCorr
  0.86FRCNX Fidelity Freedom BlendPairCorr
  0.86FRCPX Fidelity Freedom BlendPairCorr
  0.85FRCQX Fidelity SustainablePairCorr
  0.85FRCRX Fidelity SustainablePairCorr
  0.85FRCVX Fidelity SustainablePairCorr
  0.85FRCWX Fidelity SustainablePairCorr
  0.85FRCYX Fidelity SustainablePairCorr
  0.85FRDCX Fidelity SustainablePairCorr
  0.85FRDDX Fidelity SustainablePairCorr
  0.85FRDEX Fidelity SustainablePairCorr
  0.86FRGAX Growth Allocation IndexPairCorr
  0.82FRESX Fidelity Real EstatePairCorr
  0.91FRIFX Fidelity Real EstatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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