Telecommunications Correlations

Mutual Funds . USA . 
Fund . Telecommunications Portfolio Telecommunications
FSTCX Fund  USD 61.60  0.70  1.15%   
The current 90-days correlation between Telecommunications and Computers Portfolio Puters is 0.46 (i.e., Very weak diversification). The correlation of Telecommunications 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.

Telecommunications Correlation With Market

Very weak diversification

The correlation between Telecommunications Portfolio T and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telecommunications Portfolio T 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 Telecommunications Portfolio Telecommunications. 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 Telecommunications Mutual Fund

  0.92FPTKX Fidelity Freedom 2015PairCorr
  0.91FPURX Fidelity PuritanPairCorr
  0.91FPUKX Fidelity PuritanPairCorr
  0.65FPXTX Fidelity PennsylvaniaPairCorr
  0.91FQIFX Fidelity Freedom IndexPairCorr
  0.89FQIPX Fidelity Freedom IndexPairCorr
  0.61FQITX Fidelity Salem StreetPairCorr
  0.89FQLSX Fidelity Flex FreedomPairCorr
  0.88FRBDX Fidelity Freedom 2070PairCorr
  0.88FRBEX Fidelity Freedom 2070PairCorr
  0.88FRBHX Fidelity Freedom 2070PairCorr
  0.89FRBJX Fidelity Advisor FreedomPairCorr
  0.88FRBKX Fidelity Advisor FreedomPairCorr
  0.88FRBLX Fidelity Advisor FreedomPairCorr
  0.89FRBOX Fidelity Advisor FreedomPairCorr
  0.88FRBPX Fidelity Advisor FreedomPairCorr
  0.89FRBQX Fidelity Flex FreedomPairCorr
  0.88FRBUX Fidelity Freedom IndexPairCorr
  0.88FRBVX Fidelity Freedom IndexPairCorr
  0.88FRBWX Fidelity Freedom IndexPairCorr
  0.88FRBYX Fidelity Freedom BlendPairCorr
  0.89FRBZX Fidelity Freedom BlendPairCorr
  0.89FRAGX Aggressive GrowthPairCorr
  0.92FRAMX Fidelity Income ReplPairCorr
  0.93FRASX Fidelity Income ReplPairCorr
  0.88FRCFX Fidelity Freedom BlendPairCorr
  0.88FRCHX Fidelity Freedom BlendPairCorr
  0.88FRCKX Fidelity Freedom BlendPairCorr
  0.88FRCLX Fidelity Freedom BlendPairCorr
  0.89FRCNX Fidelity Freedom BlendPairCorr
  0.89FRCPX Fidelity Freedom BlendPairCorr
  0.88FRCQX Fidelity SustainablePairCorr
  0.87FRCRX Fidelity SustainablePairCorr
  0.88FRCVX Fidelity SustainablePairCorr
  0.87FRCWX Fidelity SustainablePairCorr
  0.88FRCYX Fidelity SustainablePairCorr
  0.87FRDCX Fidelity SustainablePairCorr
  0.87FRDDX Fidelity SustainablePairCorr
  0.87FRDEX Fidelity SustainablePairCorr
  0.9FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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