Fidelity Emerging Correlations

Mutual Funds . USA . 
Fund . Fidelity Emerging Asia
FSEAX Fund  USD 51.78  0.33  0.64%   
The correlation of Fidelity Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Fidelity Emerging Asia and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Emerging Asia 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 Emerging Asia. 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

  0.76FPTKX Fidelity Freedom 2015PairCorr
  0.63FQIFX Fidelity Freedom IndexPairCorr
  0.74FRINX Fidelity Real EstatePairCorr
  0.74FRIOX Fidelity Real EstatePairCorr
  0.74FRIQX Fidelity Real EstatePairCorr
  0.74FRIRX Fidelity Real EstatePairCorr
  0.78FRQHX Fidelity Managed RetPairCorr
  0.79FRQIX Fidelity Income ReplPairCorr
  0.79FRQAX Fidelity Income ReplPairCorr
  0.77FADIX Fidelity Advisor DivPairCorr
  0.76FADCX Fidelity Advisor DivPairCorr
  0.75FAERX Fidelity Advisor OverseasPairCorr
  0.62FAFEX Fidelity Advisor FreedomPairCorr

Moving against FIDELITY Mutual Fund

  0.57FACPX Fidelity Advisor SumerPairCorr
  0.34FADTX Fidelity Advisor TecPairCorr
  0.33FPURX Fidelity PuritanPairCorr
  0.52FSCRX Fidelity Small CapPairCorr
  0.51FSCPX Consumer DiscretionaryPairCorr
  0.45FSBDX Fidelity Series BluePairCorr
  0.36FSCTX Fidelity Advisor SmallPairCorr
  0.34FAGAX Fidelity Advisor GrowthPairCorr
  0.32FSCSX Software And ItPairCorr

Related Correlations Analysis

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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   
FPBFX
+ 0.95
FHKCX
FICDX
+ 0.76
FEMKX
FPBFX
+ 0.68
FICDX
FPBFX
+ 0.51
FEMKX
FICDX
+ 0.47
FHKCX
FEMKX
+ 0.36
FHKCX
  
High negative correlations   
FPBFX
- 0.0
FLATX
FICDX
- 0.0
FLATX
FEMKX
- 0.0
FLATX
FHKCX
- 0.0
FLATX

Risk-Adjusted Indicators

There is a big difference between FIDELITY Mutual Fund performing well and Fidelity Emerging 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 Emerging'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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