Fidelity Total Correlations

FEPAX Fund

USD 9.56 0.01 0.10%

The current 90-days correlation between Fidelity Total Bond and Rbc Emerging Markets is -0.15 (i.e., Good diversification). The correlation of Fidelity Total 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 Total Correlation With Market

Modest diversification

The correlation between Fidelity Total Bond and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Total 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 Total 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 nation.

Moving together with Fidelity Mutual Fund

0.75	FPTKX	Fidelity Freedom 2015	Pair Corr
0.76	FPXTX	Fidelity Pennsylvania	Pair Corr
0.8	FQITX	Fidelity Salem Street	Pair Corr
0.77	FRAMX	Fidelity Income Repl	Pair Corr
0.85	FRASX	Fidelity Income Repl	Pair Corr
0.79	FRESX	Fidelity Real Estate	Pair Corr

Moving against Fidelity Mutual Fund

0.55	FPURX	Fidelity Puritan	Pair Corr
0.55	FPUKX	Fidelity Puritan	Pair Corr

Related Correlations Analysis

	REMVX	ANGCX	RYACX	DBELX	UUPIX	FHKFX
REMVX		0.81	0.48	0.96	0.95	0.98	REMVX
ANGCX	0.81		0.75	0.89	0.69	0.72	ANGCX
RYACX	0.48	0.75		0.57	0.25	0.35	RYACX
DBELX	0.96	0.89	0.57		0.9	0.92	DBELX
UUPIX	0.95	0.69	0.25	0.9		0.97	UUPIX
FHKFX	0.98	0.72	0.35	0.92	0.97		FHKFX
	REMVX	ANGCX	RYACX	DBELX	UUPIX	FHKFX

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Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Total 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 Total'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
REMVX	0.79	0.11	0.17	(11.17)	0.88	(0.89)	1.67	(1.54)	5.76
ANGCX	0.13	0.02	0.42	0.96	0.00	(0.24)	0.36	(0.24)	0.83
RYACX	1.04	0.15	0.18	1.17	1.05	(1.21)	2.76	(1.58)	6.30
DBELX	0.32	0.06	0.36	1.12	0.14	(0.44)	0.71	(0.48)	1.78
UUPIX	2.28	0.28	0.11	2.13	2.81	(2.52)	4.92	(4.34)	14.16
FHKFX	0.84	0.09	0.13	(7.50)	1.02	(0.92)	1.94	(1.85)	5.94

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