Fidelity Emerging Correlations

FEDDX Fund  USD 15.24  0.08  0.52%   
The correlation of Fidelity Emerging 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 Emerging Correlation With Market

Modest diversification

The correlation between Fidelity Emerging Markets and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Emerging Markets 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 Emerging Markets. 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 unemployment.

Moving together with Fidelity Mutual Fund

  0.84FPTKX Fidelity Freedom 2015PairCorr
  0.73FPXTX Fidelity PennsylvaniaPairCorr
  0.86FQIFX Fidelity Freedom IndexPairCorr
  0.76FQIPX Fidelity Freedom IndexPairCorr
  0.67FQITX Fidelity Salem StreetPairCorr
  0.84FQLSX Fidelity Flex FreedomPairCorr
  0.74FRAGX Aggressive GrowthPairCorr
  0.78FRAMX Fidelity Income ReplPairCorr
  0.78FRASX Fidelity Income ReplPairCorr
  0.76FRGAX Growth Allocation IndexPairCorr
  0.71FRESX Fidelity Real EstatePairCorr
  0.7FRIFX Fidelity Real EstatePairCorr
  0.77FRIMX Fidelity Income ReplPairCorr
  0.7FRINX Fidelity Real EstatePairCorr
  0.72FRIOX Fidelity Real EstatePairCorr
  0.71FRIQX Fidelity Real EstatePairCorr
  0.76FRHMX Fidelity Managed RetPairCorr
  0.77FRKMX Fidelity Managed RetPairCorr
  0.7FRIRX Fidelity Real EstatePairCorr
  0.76FRLPX Fidelity Freedom IndexPairCorr
  0.7FROGX Fidelity Municipal IncomePairCorr
  0.76FRQHX Fidelity Managed RetPairCorr
  0.77FRQIX Fidelity Income ReplPairCorr
  0.77FRQKX Fidelity Managed RetPairCorr
  0.78FRQAX Fidelity Income ReplPairCorr
  0.77FAASX Fidelity Asset ManagerPairCorr
  0.77FAAIX Fidelity Asset ManagerPairCorr
  0.65FACNX Fidelity CanadaPairCorr
  0.77FACFX Fidelity Advisor FreedomPairCorr
  0.71FADMX Fidelity Advisor StrPairCorr

Moving against Fidelity Mutual Fund

  0.44FRPCX Fidelity Sai AlternativePairCorr

Related Correlations Analysis

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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   
FIVLXFTIEX
FTIEXFGILX
FIVLXFGILX
FIENXFTEMX
FGILXFTEMX
FTIEXFTEMX
  
High negative correlations   
FIVLXFIENX
FTIEXFIENX
FGILXFIENX
FIVLXFTEMX
FTIEXFTEMX
FGILXFTEMX

Risk-Adjusted Indicators

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