Fidelity Disciplined Correlations

FDEKX Fund

USD 62.93 0.36 0.58%

The current 90-days correlation between Fidelity Disciplined and Fidelity Flex Servative is 0.05 (i.e., Significant diversification). The correlation of Fidelity Disciplined 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 Disciplined Correlation With Market

Very weak diversification

The correlation between Fidelity Disciplined Equity and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Disciplined Equity 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 Disciplined Equity. 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

0.92	FPURX	Fidelity Puritan	Pair Corr
0.92	FPUKX	Fidelity Puritan	Pair Corr
0.72	FQLSX	Fidelity Flex Freedom	Pair Corr
0.62	FRBDX	Fidelity Freedom 2070	Pair Corr
0.62	FRBEX	Fidelity Freedom 2070	Pair Corr
0.61	FRBHX	Fidelity Freedom 2070	Pair Corr
0.61	FRBJX	Fidelity Advisor Freedom	Pair Corr
0.61	FRBKX	Fidelity Advisor Freedom	Pair Corr
0.66	FRBYX	Fidelity Freedom Blend	Pair Corr
0.72	FRAGX	Aggressive Growth	Pair Corr
0.69	FRCKX	Fidelity Freedom Blend	Pair Corr
0.66	FRCLX	Fidelity Freedom Blend	Pair Corr
0.66	FRCNX	Fidelity Freedom Blend	Pair Corr
0.65	FRCPX	Fidelity Freedom Blend	Pair Corr
0.69	FRCQX	Fidelity Sustainable	Pair Corr
0.69	FRCRX	Fidelity Sustainable	Pair Corr
0.68	FRCVX	Fidelity Sustainable	Pair Corr
0.72	FRDCX	Fidelity Sustainable	Pair Corr
0.69	FRDEX	Fidelity Sustainable	Pair Corr
0.67	FRGAX	Growth Allocation Index	Pair Corr

Moving against Fidelity Mutual Fund

0.44	FRBWX	Fidelity Freedom Index	Pair Corr
0.32	FRPDX	Fidelity Sai Alternative	Pair Corr

Related Correlations Analysis

	FUEMX	RSDIX	SUSAX	SIGZX	BDMKX	CMGUX	BIIPX
FUEMX		0.95	0.98	0.97	0.95	0.98	0.96	FUEMX
RSDIX	0.95		0.97	0.96	0.9	0.93	0.98	RSDIX
SUSAX	0.98	0.97		0.99	0.93	0.98	0.96	SUSAX
SIGZX	0.97	0.96	0.99		0.93	0.99	0.95	SIGZX
BDMKX	0.95	0.9	0.93	0.93		0.94	0.95	BDMKX
CMGUX	0.98	0.93	0.98	0.99	0.94		0.94	CMGUX
BIIPX	0.96	0.98	0.96	0.95	0.95	0.94		BIIPX
	FUEMX	RSDIX	SUSAX	SIGZX	BDMKX	CMGUX	BIIPX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Disciplined 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 Disciplined'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FUEMX	0.04	0.00	0.00	0.00	0.00	0.10	(0.10)	0.40
RSDIX	0.09	0.01	0.95	0.55	(0.17)	0.21	(0.10)	0.62
SUSAX	0.06	0.01	1.09	0.92	(0.18)	0.10	(0.10)	0.51
SIGZX	0.06	0.01	1.14	2.09	(0.17)	0.10	(0.10)	0.61
BDMKX	0.07	0.02	0.95	0.65	(0.12)	0.11	(0.11)	0.44
CMGUX	0.04	0.00	0.00	0.00	0.00	0.11	0.00	0.54
BIIPX	0.10	0.01	0.91	0.93	(0.14)	0.21	(0.10)	0.72

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