Fidelity Large Correlations

FCLKX Fund

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The current 90-days correlation between Fidelity Large Cap and Gamco Global Gold is 0.28 (i.e., Modest diversification). The correlation of Fidelity Large 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 Large Correlation With Market

Average diversification

The correlation between Fidelity Large Cap and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Large Cap 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 Large Cap. 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 industry.

Moving together with Fidelity Mutual Fund

0.93	FSSNX	Fidelity Small Cap	Pair Corr
0.78	FTHCX	Fidelity Advisor Tec	Pair Corr
0.9	FTUIX	Telecommunications	Pair Corr
0.89	FTUTX	Telecommunications	Pair Corr
0.9	FTUAX	Telecommunications	Pair Corr
0.89	FTUCX	Telecommunications	Pair Corr
0.82	FCLCX	Fidelity Advisor Ind	Pair Corr
0.84	FCLAX	Fidelity Advisor Ind	Pair Corr
0.7	FDEKX	Fidelity Disciplined	Pair Corr
0.93	FDGKX	Fidelity Dividend Growth	Pair Corr
0.82	FFDKX	Fidelity Fund Class	Pair Corr
0.95	FGIKX	Fidelity Growth Income	Pair Corr
0.73	FIKHX	Fidelity Advisor Tec	Pair Corr
0.64	FIOOX	Fidelity Series 1000	Pair Corr
0.88	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VTSMX	Vanguard Total Stock	Pair Corr
0.8	VITSX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.87	VFFSX	Vanguard 500 Index	Pair Corr
0.88	VINIX	Vanguard Institutional	Pair Corr
0.88	VIIIX	Vanguard Institutional	Pair Corr

Moving against Fidelity Mutual Fund

0.31	FIFGX	Fidelity Sai Inflati	Pair Corr
0.52	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.5	RYMEX	Commodities Strategy	Pair Corr
0.46	KF	Korea Closed	Pair Corr
0.41	RYMJX	Commodities Strategy	Pair Corr
0.4	RYMBX	Commodities Strategy	Pair Corr

Related Correlations Analysis

	XGGNX	SPPIX	SGDIX	GDUSX	OGMCX	VGSBX	MXKJX	IIGCX
XGGNX		-0.89	0.86	0.22	0.91	0.65	0.22	0.92	XGGNX
SPPIX	-0.89		-0.98	-0.02	-0.98	-0.54	0.02	-0.95	SPPIX
SGDIX	0.86	-0.98		-0.03	0.99	0.5	0.05	0.96	SGDIX
GDUSX	0.22	-0.02	-0.03		0.04	0.62	0.42	0.08	GDUSX
OGMCX	0.91	-0.98	0.99	0.04		0.56	0.09	0.98	OGMCX
VGSBX	0.65	-0.54	0.5	0.62	0.56		0.22	0.53	VGSBX
MXKJX	0.22	0.02	0.05	0.42	0.09	0.22		0.19	MXKJX
IIGCX	0.92	-0.95	0.96	0.08	0.98	0.53	0.19		IIGCX
	XGGNX	SPPIX	SGDIX	GDUSX	OGMCX	VGSBX	MXKJX	IIGCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OGMCX	+ 0.99	SGDIX
IIGCX	+ 0.98	OGMCX
IIGCX	+ 0.96	SGDIX
IIGCX	+ 0.92	XGGNX
OGMCX	+ 0.91	XGGNX
SGDIX	+ 0.86	XGGNX

High negative correlations

OGMCX	- 0.98	SPPIX
SGDIX	- 0.98	SPPIX
IIGCX	- 0.95	SPPIX
SPPIX	- 0.89	XGGNX
VGSBX	- 0.54	SPPIX
GDUSX	- 0.03	SGDIX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Large 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 Large'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
XGGNX	0.66	(0.13)	0.00	(0.73)	0.00	0.00	1.21	(1.67)	4.75
SPPIX	1.48	0.19	0.08	(0.77)	1.87	(1.51)	3.24	(3.29)	10.54
SGDIX	1.30	(0.11)	0.00	(1.02)	0.00	0.00	2.66	(2.70)	8.33
GDUSX	0.06	(0.02)	0.00	(2.08)	0.00	0.00	0.10	(0.19)	0.68
OGMCX	1.35	(0.18)	0.00	(0.79)	0.00	0.00	2.63	(2.79)	8.95
VGSBX	0.26	(0.07)	0.00	(1.11)	0.00	0.00	0.43	(0.75)	1.83
MXKJX	1.03	0.05	0.01	0.63	2.29	(1.37)	1.58	(1.23)	16.27
IIGCX	1.44	(0.23)	0.00	(1.34)	0.00	0.00	2.67	(3.02)	15.46

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