Fidelity International Correlations

FSPSX Fund

USD 61.27 0.31 0.51%

The current 90-days correlation between Fidelity International and Ab High Income is 0.1 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Fidelity International Correlation With Market

Average diversification

The correlation between Fidelity International Index and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity International Index 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 International Index. 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 main economic indicators.

Moving together with Fidelity Mutual Fund

0.9	FPTKX	Fidelity Freedom 2015	Pair Corr
0.66	FPUKX	Fidelity Puritan	Pair Corr
0.69	FQIFX	Fidelity Freedom Index	Pair Corr
0.72	FQIPX	Fidelity Freedom Index	Pair Corr
0.7	FQLSX	Fidelity Flex Freedom	Pair Corr
0.91	FRBDX	Fidelity Freedom 2070	Pair Corr
0.91	FRBEX	Fidelity Freedom 2070	Pair Corr
0.92	FRBHX	Fidelity Freedom 2070	Pair Corr
0.92	FRBUX	Fidelity Freedom Index	Pair Corr
0.65	FRAGX	Aggressive Growth	Pair Corr
0.86	FRAMX	Fidelity Income Repl	Pair Corr
0.61	FRCLX	Fidelity Freedom Blend	Pair Corr
0.92	FRCNX	Fidelity Freedom Blend	Pair Corr

Related Correlations Analysis

	ABTYX	FHTFX	SISAX	DMHIX	AGTFX	AQRRX
ABTYX		0.99	0.03	0.99	0.48	0.89	ABTYX
FHTFX	0.99		0.03	0.98	0.45	0.87	FHTFX
SISAX	0.03	0.03		0.01	0.65	0.3	SISAX
DMHIX	0.99	0.98	0.01		0.44	0.89	DMHIX
AGTFX	0.48	0.45	0.65	0.44		0.7	AGTFX
AQRRX	0.89	0.87	0.3	0.89	0.7		AQRRX
	ABTYX	FHTFX	SISAX	DMHIX	AGTFX	AQRRX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity International 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 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABTYX	0.17	0.05	(0.12)	1.31	0.00	(0.25)	0.41	(0.20)	1.30
FHTFX	0.14	0.05	(0.11)	1.55	0.00	(0.24)	0.39	(0.25)	1.16
SISAX	0.46	0.04	(0.04)	0.43	0.64	(0.43)	0.97	(1.00)	3.03
DMHIX	0.17	0.00	(0.02)	0.00	0.00	(0.27)	0.52	(0.20)	1.26
AGTFX	0.52	0.00	(0.01)	0.08	0.75	(0.50)	1.13	(1.20)	3.47
AQRRX	0.45	0.04	0.02	0.16	0.39	(0.54)	1.07	(0.81)	3.04

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Fidelity International Correlations

Fidelity International Correlation With Market

Average diversification

Moving together with Fidelity Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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