Fidelity Intermediate Correlations

FIQZX Fund

USD 10.03 0.03 0.30%

The current 90-days correlation between Fidelity Intermediate and Commodities Strategy Fund is -0.04 (i.e., Good diversification). The correlation of Fidelity Intermediate 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 Intermediate Correlation With Market

Good diversification

The correlation between Fidelity Intermediate Municipa and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Intermediate Municipa 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 Intermediate Municipal. 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

0.79	FPURX	Fidelity Puritan	Pair Corr
0.99	FPXTX	Fidelity Pennsylvania	Pair Corr
0.63	FQIFX	Fidelity Freedom Index	Pair Corr
0.71	FQIPX	Fidelity Freedom Index	Pair Corr
0.64	FQLSX	Fidelity Flex Freedom	Pair Corr
0.73	FRAGX	Aggressive Growth	Pair Corr
0.69	FRAMX	Fidelity Income Repl	Pair Corr
0.69	FRASX	Fidelity Income Repl	Pair Corr
0.73	FRGAX	Growth Allocation Index	Pair Corr
0.62	FRIFX	Fidelity Real Estate	Pair Corr
0.69	FRIMX	Fidelity Income Repl	Pair Corr
0.61	FRINX	Fidelity Real Estate	Pair Corr
0.62	FRIQX	Fidelity Real Estate	Pair Corr
0.69	FRHMX	Fidelity Managed Ret	Pair Corr
0.61	FRIRX	Fidelity Real Estate	Pair Corr
0.71	FRLPX	Fidelity Freedom Index	Pair Corr
0.99	FROGX	Fidelity Municipal Income	Pair Corr
0.69	FRQHX	Fidelity Managed Ret	Pair Corr
0.69	FRQIX	Fidelity Income Repl	Pair Corr
0.69	FRQKX	Fidelity Managed Ret	Pair Corr
0.68	FRQAX	Fidelity Income Repl	Pair Corr
0.63	FAASX	Fidelity Asset Manager	Pair Corr
0.62	FAAIX	Fidelity Asset Manager	Pair Corr
0.73	FACVX	Fidelity Convertible	Pair Corr
0.64	FACPX	Fidelity Advisor Sumer	Pair Corr

Related Correlations Analysis

	RYMBX	OTPSX	PRDEX	LIOTX	RETSX	MFTFX	LMUSX
RYMBX		0.18	0.0	-0.23	-0.34	0.19	-0.41	RYMBX
OTPSX	0.18		0.0	0.53	0.63	0.6	0.55	OTPSX
PRDEX	0.0	0.0		0.0	0.0	0.0	0.0	PRDEX
LIOTX	-0.23	0.53	0.0		0.76	0.31	0.83	LIOTX
RETSX	-0.34	0.63	0.0	0.76		0.54	0.96	RETSX
MFTFX	0.19	0.6	0.0	0.31	0.54		0.36	MFTFX
LMUSX	-0.41	0.55	0.0	0.83	0.96	0.36		LMUSX
	RYMBX	OTPSX	PRDEX	LIOTX	RETSX	MFTFX	LMUSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LMUSX	+ 0.96	RETSX
LMUSX	+ 0.83	LIOTX
RETSX	+ 0.76	LIOTX
RETSX	+ 0.63	OTPSX
MFTFX	+ 0.6	OTPSX
LMUSX	+ 0.55	OTPSX

High negative correlations

LMUSX	- 0.41	RYMBX
RETSX	- 0.34	RYMBX
LIOTX	- 0.23	RYMBX
LMUSX	- 0.0	PRDEX
MFTFX	- 0.0	PRDEX
RETSX	- 0.0	PRDEX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Intermediate 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 Intermediate'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
RYMBX	0.74	0.02	0.03	(0.14)	0.96	(0.85)	1.61	(1.58)	3.87
OTPSX	0.82	0.05	0.04	0.06	1.11	(0.89)	1.85	(1.78)	6.34
PRDEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIOTX	0.84	(0.01)	0.00	(0.02)	0.00	0.00	1.46	(1.97)	6.56
RETSX	0.53	0.04	0.06	0.19	0.72	(0.56)	1.03	(1.02)	5.40
MFTFX	0.91	0.14	0.09	26.80	1.38	(0.88)	1.70	(2.06)	5.15
LMUSX	0.70	0.02	0.02	0.03	1.19	(0.65)	1.23	(1.50)	6.30

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC