Fidelity Growth Correlations
| FGCKX Fund | USD 40.13 0.96 0.46% |
The correlation of Fidelity Growth 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 |
Moving together with Fidelity Mutual Fund
| 0.86 | FAFGX | American Funds | PairCorr |
| 0.86 | FFAFX | American Funds | PairCorr |
| 0.87 | GFACX | Growth Fund | PairCorr |
| 0.86 | GFAFX | Growth Fund | PairCorr |
| 0.86 | AGTHX | Growth Fund | PairCorr |
| 0.86 | CGFFX | Growth Fund | PairCorr |
| 0.87 | CGFCX | Growth Fund | PairCorr |
| 0.86 | CGFAX | Growth Fund | PairCorr |
| 0.86 | CGFEX | Growth Fund | PairCorr |
| 0.86 | RGAEX | Growth Fund | PairCorr |
| 0.76 | AXP | American Express | PairCorr |
| 0.63 | HPQ | HP Inc | PairCorr |
| 0.65 | BA | Boeing | PairCorr |
Moving against Fidelity Mutual Fund
| 0.68 | VZ | Verizon Communications | PairCorr |
| 0.66 | KO | Coca Cola | PairCorr |
| 0.54 | NHS | Neuberger Berman High | PairCorr |
| 0.51 | MCD | McDonalds | PairCorr |
| 0.47 | PG | Procter Gamble | PairCorr |
| 0.39 | XOM | Exxon Mobil Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Fidelity Mutual Fund performing well and Fidelity Growth 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 Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AOUNX | 0.06 | 0.02 | 0.00 | (1.15) | 0.00 | 0.10 | 0.52 | |||
| CDICX | 0.08 | 0.02 | 0.72 | 1.79 | 0.00 | 0.26 | 0.58 | |||
| RSDIX | 0.09 | 0.02 | 0.75 | 3.73 | 0.00 | 0.21 | 0.62 | |||
| ATOAX | 0.02 | 0.00 | 0.00 | (0.12) | 0.00 | 0.00 | 0.30 | |||
| DULTX | 0.04 | 0.01 | 0.00 | 1.21 | 0.00 | 0.10 | 0.51 | |||
| BXDCX | 0.08 | 0.02 | 0.76 | 2.60 | 0.00 | 0.22 | 0.54 | |||
| SUSAX | 0.06 | 0.01 | 0.73 | (5.29) | 0.00 | 0.10 | 0.51 | |||
| VUBFX | 0.04 | 0.01 | 0.00 | 1.65 | 0.00 | 0.10 | 0.20 |