Fidelity Enduring Correlations

Mutual Funds . USA . 
Fund . Fidelity Enduring Opportunities
FEOPX Fund  USD 16.88  0.06  0.36%   
The current 90-days correlation between Fidelity Enduring and Fidelity Freedom 2015 is 0.88 (i.e., Very poor diversification). The correlation of Fidelity Enduring 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 Enduring Correlation With Market

Very weak diversification

The correlation between Fidelity Enduring Opportunitie and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Enduring Opportunitie 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 Enduring Opportunities. 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 american community survey.

Moving together with Fidelity Mutual Fund

  0.91FPTKX Fidelity Freedom 2015PairCorr
  0.91FPURX Fidelity PuritanPairCorr
  0.91FPUKX Fidelity PuritanPairCorr
  0.73FPXTX Fidelity PennsylvaniaPairCorr
  0.93FQIFX Fidelity Freedom IndexPairCorr
  0.97FQIPX Fidelity Freedom IndexPairCorr
  0.96FQLSX Fidelity Flex FreedomPairCorr
  0.94FRAGX Aggressive GrowthPairCorr
  0.9FRAMX Fidelity Income ReplPairCorr
  0.92FRASX Fidelity Income ReplPairCorr
  0.95FRGAX Growth Allocation IndexPairCorr
  0.62FRESX Fidelity Real EstatePairCorr
  0.75FRIFX Fidelity Real EstatePairCorr
  0.9FRIMX Fidelity Income ReplPairCorr
  0.74FRINX Fidelity Real EstatePairCorr
  0.72FRIOX Fidelity Real EstatePairCorr
  0.74FRIQX Fidelity Real EstatePairCorr
  0.82FRHMX Fidelity Managed RetPairCorr
  0.9FRKMX Fidelity Managed RetPairCorr
  0.75FRIRX Fidelity Real EstatePairCorr
  0.97FRLPX Fidelity Freedom IndexPairCorr
  0.75FROGX Fidelity Municipal IncomePairCorr
  0.91FRQHX Fidelity Managed RetPairCorr
  0.9FRQIX Fidelity Income ReplPairCorr
  0.91FRQKX Fidelity Managed RetPairCorr
  0.9FRQAX Fidelity Income ReplPairCorr
  0.87FAASX Fidelity Asset ManagerPairCorr
  0.87FAAIX Fidelity Asset ManagerPairCorr
  0.81FACVX Fidelity ConvertiblePairCorr
  0.65FACPX Fidelity Advisor SumerPairCorr
  0.67FACNX Fidelity CanadaPairCorr
  0.89FACFX Fidelity Advisor FreedomPairCorr
  0.73FADTX Fidelity Advisor TecPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Enduring 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 Enduring'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPTKX  0.29 (0.03) 0.00 (0.11) 0.00 
 0.00 
 0.70 
(0.69)
 2.08 
FPURX  0.48  0.03  0.00  0.12  0.66 
(0.47)
 0.99 
(1.07)
 3.81 
FPUKX  0.48  0.03  0.00  0.13  0.64 
(0.50)
 0.97 
(1.03)
 3.85 
FPXTX  0.18 (0.02) 0.00 (0.39) 0.00 
 0.00 
 0.29 
(0.38)
 1.44 
FQIFX  0.35 (0.03) 0.00 (0.08) 0.00 
 0.00 
 0.69 
(0.79)
 2.68 
FQIPX  0.49  0.00 (0.03) 0.05  0.75 
(0.46)
 0.99 
(0.92)
 3.64 
FQITX  0.62 (0.05) 0.00 (0.21) 0.00 
 0.00 
 1.06 
(1.41)
 3.95 
FQLSX  0.54 (0.02)(0.05)(0.01) 0.81 
(0.54)
 1.13 
(1.37)
 3.77 
FRAGX  0.48  0.01 (0.02) 0.08  0.69 
(0.48)
 0.97 
(0.88)
 3.86 
FRAMX  0.21 (0.02) 0.00 (0.16) 0.00 
 0.00 
 0.43 
(0.53)
 1.63 

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