Fidelity Asset Correlations

FSANX Fund  USD 16.07  0.04  0.25%   
The current 90-days correlation between Fidelity Asset Manager and Fidelity Asset Manager is 0.11 (i.e., Average diversification). The correlation of Fidelity Asset 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 Asset Correlation With Market

FidelityDowDiversified AwayFidelityDowDiversified Away100%

Very weak diversification

The correlation between Fidelity Asset Manager and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Asset Manager 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 Asset Manager. 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 board of governors.

Moving together with Fidelity Mutual Fund

  0.95FPTKX Fidelity Freedom 2015PairCorr
  0.92FPUKX Fidelity PuritanPairCorr
  0.81FPXTX Fidelity PennsylvaniaPairCorr
  0.99FQIFX Fidelity Freedom IndexPairCorr
  0.84FQIPX Fidelity Freedom IndexPairCorr
  0.68FQITX Fidelity Salem StreetPairCorr
  0.85FRAGX Aggressive GrowthPairCorr
  0.89FRAMX Fidelity Income ReplPairCorr
  0.89FRASX Fidelity Income ReplPairCorr
  0.81FRESX Fidelity Real EstatePairCorr
  0.86FRIFX Fidelity Real EstatePairCorr
  0.86FRINX Fidelity Real EstatePairCorr
  0.87FRIOX Fidelity Real EstatePairCorr
  0.88FRHMX Fidelity Managed RetPairCorr
  0.88FRKMX Fidelity Managed RetPairCorr
  0.86FRIRX Fidelity Real EstatePairCorr
  0.81FROGX Fidelity Municipal IncomePairCorr
  0.89FRQIX Fidelity Income ReplPairCorr
  0.88FRQKX Fidelity Managed RetPairCorr
  0.95FAASX Fidelity Asset ManagerPairCorr
  0.69FACTX Fidelity Advisor HealthPairCorr
  0.76FACNX Fidelity CanadaPairCorr
  0.7FACDX Fidelity Advisor HealthPairCorr
  0.65FAERX Fidelity Advisor OverseasPairCorr
  0.68FAEGX Fidelity Advisor EquityPairCorr
  0.85FAFSX Fidelity Advisor FinPairCorr
  0.89FRYBX Fidelity BalancedPairCorr
  0.87FALAX Fidelity Advisor LargePairCorr
  0.72FAMKX Fidelity Advisor EmergingPairCorr
  1.0FSAAX Fidelity Asset ManagerPairCorr
  0.81FSAMX Strategic AdvisersPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

Trending Assets

FTANX
Fidelity Asset Manager
12.09  0.03  0.25 
FTIEX
Fidelity Total Inter
12.30  0.03  0.24 
FAMRX
Fidelity Asset Manager
27.70  0.06  0.22 
FFANX
Fidelity Asset Manager
13.31  0.04  0.30