Fidelity Managed Correlations

Mutual Funds . USA . 
Fund . Fidelity Managed Retirement
FRQHX Fund  USD 54.04  0.18  0.33%   
The current 90-days correlation between Fidelity Managed Ret and Versatile Bond Portfolio is 0.19 (i.e., Average diversification). The correlation of Fidelity Managed 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 Managed Correlation With Market

Very weak diversification

The correlation between Fidelity Managed Retirement and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Managed Retirement 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 Managed Retirement. 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 rate.

Moving together with Fidelity Mutual Fund

  0.98FPTKX Fidelity Freedom 2015PairCorr
  0.61FPURX Fidelity PuritanPairCorr
  0.69FPUKX Fidelity PuritanPairCorr
  0.71FPXTX Fidelity PennsylvaniaPairCorr
  0.83FQIFX Fidelity Freedom IndexPairCorr
  0.95FQIPX Fidelity Freedom IndexPairCorr
  0.93FQITX Fidelity Salem StreetPairCorr
  0.91FQLSX Fidelity Flex FreedomPairCorr
  0.89FRAGX Aggressive GrowthPairCorr
  1.0FRAMX Fidelity Income ReplPairCorr
  1.0FRASX Fidelity Income ReplPairCorr
  0.95FRGAX Growth Allocation IndexPairCorr
  0.72FRESX Fidelity Real EstatePairCorr
  0.92FRIFX Fidelity Real EstatePairCorr
  1.0FRIMX Fidelity Income ReplPairCorr
  0.96FRINX Fidelity Real EstatePairCorr
  0.91FRIOX Fidelity Real EstatePairCorr
  0.96FRIQX Fidelity Real EstatePairCorr
  0.94FRHMX Fidelity Managed RetPairCorr
  1.0FRKMX Fidelity Managed RetPairCorr
  0.92FRIRX Fidelity Real EstatePairCorr
  0.9FRLPX Fidelity Freedom IndexPairCorr
  0.77FROGX Fidelity Municipal IncomePairCorr
  1.0FRQIX Fidelity Income ReplPairCorr
  1.0FRQKX Fidelity Managed RetPairCorr
  0.62FRPDX Fidelity Sai AlternativePairCorr
  1.0FRQAX Fidelity Income ReplPairCorr
  0.61FAASX Fidelity Asset ManagerPairCorr
  0.62FAAIX Fidelity Asset ManagerPairCorr
  0.71FACNX Fidelity CanadaPairCorr
  0.94FACFX Fidelity Advisor FreedomPairCorr
  0.95FADMX Fidelity Advisor StrPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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