Fidelity Latin Correlations

Delisted . USA . 
Fund . Fidelity Latin America
FLATXDelisted Fund  USD 16.64  0.00  0.00%   
The current 90-days correlation between Fidelity Latin America and Fidelity Emerging Asia is 0.08 (i.e., Significant diversification). The correlation of Fidelity Latin 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 Latin Correlation With Market

Average diversification

The correlation between Fidelity Latin America and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Latin America and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios. 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 estimate.

Moving together with Fidelity Mutual Fund

  1.0FLFAX Fidelity Latin AmericaPairCorr
  1.0FLFCX Fidelity Latin AmericaPairCorr
  1.0FLFIX Fidelity Latin AmericaPairCorr
  1.0FLFTX Fidelity Latin AmericaPairCorr

Moving against Fidelity Mutual Fund

  0.64VTSAX Vanguard Total StockPairCorr
  0.64VFIAX Vanguard 500 IndexPairCorr
  0.64VSMPX Vanguard Total StockPairCorr
  0.64VSTSX Vanguard Total StockPairCorr
  0.64VITSX Vanguard Total StockPairCorr
  0.64VFINX Vanguard 500 IndexPairCorr
  0.63VTSMX Vanguard Total StockPairCorr
  0.7WCPSX Mobile TelecommunicatioPairCorr
  0.67FAIGX Fidelity Advisor BalancedPairCorr
  0.67VIGAX Vanguard Growth IndexPairCorr
  0.65VFTAX Vanguard Ftse SocialPairCorr
  0.64VFFSX Vanguard 500 IndexPairCorr
  0.64CFCRX Columbia Flexible CapitalPairCorr
  0.63RNGHX New Economy FundPairCorr
  0.56PCF Putnam High IncomePairCorr
  0.55LBHIX Thrivent High YieldPairCorr
  0.53SRORX Calamos AntetokounmpoPairCorr
  0.5AMVYX Mid Cap ValuePairCorr
  0.47MSTSX Morningstar UnconstrainedPairCorr
  0.38FXIFX Fidelity Freedom IndexPairCorr
  0.65RGRYX Victory Rs GrowthPairCorr
  0.64SWPPX Schwab Sp 500PairCorr
  0.64VIIIX Vanguard InstitutionalPairCorr
  0.63FMSGX Frontier Mfg GlobalPairCorr
  0.6LGWIX Ladenburg GrowthPairCorr
  0.6VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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   
FHKCX
+ 0.97
FSEAX
FHKCX
+ 0.95
FEMKX
FEMKX
+ 0.86
FSEAX
FICDX
+ 0.71
FSEAX
FHKCX
+ 0.57
FICDX
FEMKX
+ 0.46
FICDX
  
High negative correlations   
FNORX
- 0.6
FICDX
FNORX
- 0.51
FSEAX
FNORX
- 0.33
FHKCX
FNORX
- 0.05
FEMKX

Risk-Adjusted Indicators

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

Fidelity Latin Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fidelity Latin mutual fund to make a market-neutral strategy. Peer analysis of Fidelity Latin could also be used in its relative valuation, which is a method of valuing Fidelity Latin by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Fidelity Latin America?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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