Fidelity Fund Correlations

FFDKX Fund  USD 89.18  2.21  2.54%   
The current 90-days correlation between Fidelity Fund Class and Ab Bond Inflation is -0.01 (i.e., Good diversification). The correlation of Fidelity Fund 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 Fund Correlation With Market

Good diversification

The correlation between Fidelity Fund Class and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Fund Class 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 Fund Class. 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

  0.65FQLSX Fidelity Flex FreedomPairCorr
  0.64FRCPX Fidelity Freedom BlendPairCorr
  0.64FAASX Fidelity Asset ManagerPairCorr
  0.64FAAIX Fidelity Asset ManagerPairCorr
  0.75FACVX Fidelity ConvertiblePairCorr
  0.83FACPX Fidelity Advisor SumerPairCorr
  0.92FACGX Fidelity Advisor GrowthPairCorr
  0.8FADTX Fidelity Advisor TecPairCorr
  0.72FADAX Fidelity Advisor DividendPairCorr
  0.8FAFSX Fidelity Advisor FinPairCorr
  0.8FAFDX Fidelity Advisor FinPairCorr
  0.8FAFCX Fidelity Advisor FinPairCorr
  0.92FAGOX Fidelity Advisor GrowthPairCorr
  0.62FAGNX Fidelity Advisor EnergyPairCorr
  0.8FAGIX Fidelity Capital IncomePairCorr
  0.98FAGCX Fidelity Advisor GrowthPairCorr
  0.92FAGAX Fidelity Advisor GrowthPairCorr
  0.81FAHYX Fidelity Advisor HighPairCorr

Moving against Fidelity Mutual Fund

  0.31FRIFX Fidelity Real EstatePairCorr
  0.31FRIQX Fidelity Real EstatePairCorr
  0.31FRIRX Fidelity Real EstatePairCorr
  0.35FAMHX Fidelity Municipal IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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