Fidelity Intermediate Correlations

Mutual Funds . USA . 
Fund . Fidelity Intermediate Bond
FTHRX Fund  USD 10.27  0.02  0.20%   
The current 90-days correlation between Fidelity Intermediate and Fidelity Investment Grade is 0.91 (i.e., Almost no diversification). The correlation of Fidelity Intermediate 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 Intermediate Correlation With Market

Significant diversification

The correlation between Fidelity Intermediate Bond and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Intermediate Bond 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 Intermediate Bond. 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 metropolitan statistical area.

Moving together with Fidelity Mutual Fund

  0.85FPTKX Fidelity Freedom 2015PairCorr
  0.8FPURX Fidelity PuritanPairCorr
  0.8FPUKX Fidelity PuritanPairCorr
  0.69FPXTX Fidelity PennsylvaniaPairCorr
  0.83FQIFX Fidelity Freedom IndexPairCorr
  0.78FQIPX Fidelity Freedom IndexPairCorr
  0.77FQLSX Fidelity Flex FreedomPairCorr
  0.77FRBDX Fidelity Freedom 2070PairCorr
  0.77FRBEX Fidelity Freedom 2070PairCorr
  0.77FRBHX Fidelity Freedom 2070PairCorr
  0.77FRBJX Fidelity Advisor FreedomPairCorr
  0.77FRBKX Fidelity Advisor FreedomPairCorr
  0.77FRBLX Fidelity Advisor FreedomPairCorr
  0.77FRBOX Fidelity Advisor FreedomPairCorr
  0.77FRBPX Fidelity Advisor FreedomPairCorr
  0.79FRBQX Fidelity Flex FreedomPairCorr
  0.78FRBUX Fidelity Freedom IndexPairCorr
  0.78FRBVX Fidelity Freedom IndexPairCorr
  0.78FRBWX Fidelity Freedom IndexPairCorr
  0.78FRBYX Fidelity Freedom BlendPairCorr
  0.77FRBZX Fidelity Freedom BlendPairCorr
  0.78FRAGX Aggressive GrowthPairCorr
  0.9FRAMX Fidelity Income ReplPairCorr
  0.87FRASX Fidelity Income ReplPairCorr
  0.78FRCFX Fidelity Freedom BlendPairCorr
  0.77FRCHX Fidelity Freedom BlendPairCorr
  0.77FRCKX Fidelity Freedom BlendPairCorr
  0.77FRCLX Fidelity Freedom BlendPairCorr
  0.77FRCNX Fidelity Freedom BlendPairCorr
  0.78FRCPX Fidelity Freedom BlendPairCorr
  0.77FRCQX Fidelity SustainablePairCorr
  0.77FRCRX Fidelity SustainablePairCorr
  0.77FRCVX Fidelity SustainablePairCorr
  0.77FRCWX Fidelity SustainablePairCorr
  0.77FRCYX Fidelity SustainablePairCorr
  0.76FRDCX Fidelity SustainablePairCorr
  0.77FRDDX Fidelity SustainablePairCorr
  0.77FRDEX Fidelity SustainablePairCorr
  0.79FRGAX 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 Intermediate 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 Intermediate'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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