Fidelity Total Correlations

Mutual Funds . USA . 
Fund . Fidelity Total International
FTEIX Fund  USD 13.51  0.02  0.15%   
The current 90-days correlation between Fidelity Total Inter and Fidelity Emerging Markets is -0.09 (i.e., Good diversification). The correlation of Fidelity Total 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 Total Correlation With Market

Poor diversification

The correlation between Fidelity Total International and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Total International 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 Total International. 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 gross domestic product.

Moving together with Fidelity Mutual Fund

  0.98FPTKX Fidelity Freedom 2015PairCorr
  0.98FPURX Fidelity PuritanPairCorr
  0.65FPXTX Fidelity PennsylvaniaPairCorr
  0.98FQIFX Fidelity Freedom IndexPairCorr
  0.99FQIPX Fidelity Freedom IndexPairCorr
  0.73FQITX Fidelity Salem StreetPairCorr
  0.61FRBDX Fidelity Freedom 2070PairCorr
  0.69FRBHX Fidelity Freedom 2070PairCorr
  0.61FRBJX Fidelity Advisor FreedomPairCorr
  0.69FRBKX Fidelity Advisor FreedomPairCorr
  0.7FRBLX Fidelity Advisor FreedomPairCorr
  0.69FRBPX Fidelity Advisor FreedomPairCorr
  0.69FRBQX Fidelity Flex FreedomPairCorr
  0.69FRBUX Fidelity Freedom IndexPairCorr
  0.69FRBVX Fidelity Freedom IndexPairCorr
  0.69FRBWX Fidelity Freedom IndexPairCorr
  0.69FRBYX Fidelity Freedom BlendPairCorr
  0.69FRBZX Fidelity Freedom BlendPairCorr
  0.67FRASX Fidelity Income ReplPairCorr
  0.99FRCFX Fidelity Freedom BlendPairCorr
  0.69FRCHX Fidelity Freedom BlendPairCorr
  0.69FRCLX Fidelity Freedom BlendPairCorr
  0.68FRCPX Fidelity Freedom BlendPairCorr
  0.7FRCQX Fidelity SustainablePairCorr
  0.7FRCRX Fidelity SustainablePairCorr
  0.7FRCVX Fidelity SustainablePairCorr
  0.7FRCWX Fidelity SustainablePairCorr
  0.7FRCYX Fidelity SustainablePairCorr
  0.7FRDCX Fidelity SustainablePairCorr
  0.7FRDDX Fidelity SustainablePairCorr
  0.61FRDEX Fidelity SustainablePairCorr
  0.67FRIFX Fidelity Real EstatePairCorr
  0.66FRIMX Fidelity Income ReplPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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