Fidelity Series Correlations

Mutual Funds . USA . 
Fund . Fidelity Series Investment
FSIGX Fund  USD 10.00  0.02  0.20%   
The current 90-days correlation between Fidelity Series Inve and Fidelity Investment Grade is 0.97 (i.e., Almost no diversification). The correlation of Fidelity Series 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 Series Correlation With Market

Modest diversification

The correlation between Fidelity Series Investment and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Series Investment 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 Series Investment. 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 price.

Moving together with Fidelity Mutual Fund

  0.78FPTKX Fidelity Freedom 2015PairCorr
  0.72FPURX Fidelity PuritanPairCorr
  0.72FPUKX Fidelity PuritanPairCorr
  0.7FPXTX Fidelity PennsylvaniaPairCorr
  0.75FQIFX Fidelity Freedom IndexPairCorr
  0.7FQIPX Fidelity Freedom IndexPairCorr
  0.69FQLSX Fidelity Flex FreedomPairCorr
  0.69FRBDX Fidelity Freedom 2070PairCorr
  0.69FRBEX Fidelity Freedom 2070PairCorr
  0.69FRBHX Fidelity Freedom 2070PairCorr
  0.69FRBJX Fidelity Advisor FreedomPairCorr
  0.69FRBKX Fidelity Advisor FreedomPairCorr
  0.69FRBLX Fidelity Advisor FreedomPairCorr
  0.69FRBOX Fidelity Advisor FreedomPairCorr
  0.69FRBPX Fidelity Advisor FreedomPairCorr
  0.7FRBQX Fidelity Flex FreedomPairCorr
  0.7FRBUX Fidelity Freedom IndexPairCorr
  0.7FRBVX Fidelity Freedom IndexPairCorr
  0.7FRBWX Fidelity Freedom IndexPairCorr
  0.69FRBYX Fidelity Freedom BlendPairCorr
  0.69FRBZX Fidelity Freedom BlendPairCorr
  0.7FRAGX Aggressive GrowthPairCorr
  0.84FRAMX Fidelity Income ReplPairCorr
  0.81FRASX Fidelity Income ReplPairCorr
  0.69FRCFX Fidelity Freedom BlendPairCorr
  0.69FRCHX Fidelity Freedom BlendPairCorr
  0.69FRCKX Fidelity Freedom BlendPairCorr
  0.69FRCLX Fidelity Freedom BlendPairCorr
  0.69FRCNX Fidelity Freedom BlendPairCorr
  0.69FRCPX Fidelity Freedom BlendPairCorr
  0.68FRCQX Fidelity SustainablePairCorr
  0.68FRCRX Fidelity SustainablePairCorr
  0.68FRCVX Fidelity SustainablePairCorr
  0.68FRCWX Fidelity SustainablePairCorr
  0.68FRCYX Fidelity SustainablePairCorr
  0.68FRDCX Fidelity SustainablePairCorr
  0.68FRDDX Fidelity SustainablePairCorr
  0.67FRDEX Fidelity SustainablePairCorr
  0.71FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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