Insurance Portfolio Correlations

Mutual Funds . USA . 
Fund . Insurance Portfolio Insurance
FSPCX Fund  USD 97.13  0.27  0.28%   
The current 90-days correlation between Insurance Portfolio and Consumer Finance Portfolio is 0.45 (i.e., Very weak diversification). The correlation of Insurance Portfolio 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.

Insurance Portfolio Correlation With Market

Significant diversification

The correlation between Insurance Portfolio Insurance and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Insurance Portfolio Insurance 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 Insurance Portfolio Insurance. 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 main economic indicators.

Moving together with Insurance Mutual Fund

  0.69FPTKX Fidelity Freedom 2015PairCorr
  0.67FQITX Fidelity Salem StreetPairCorr
  0.72FRASX Fidelity Income ReplPairCorr
  0.72FRESX Fidelity Real EstatePairCorr
  0.82FRIFX Fidelity Real EstatePairCorr
  0.77FRIMX Fidelity Income ReplPairCorr
  0.8FRINX Fidelity Real EstatePairCorr
  0.8FRIOX Fidelity Real EstatePairCorr
  0.8FRIQX Fidelity Real EstatePairCorr
  0.79FRHMX Fidelity Managed RetPairCorr
  0.79FRKMX Fidelity Managed RetPairCorr
  0.8FRIRX Fidelity Real EstatePairCorr
  0.78FRQHX Fidelity Managed RetPairCorr
  0.78FRQIX Fidelity Income ReplPairCorr
  0.78FRQKX Fidelity Managed RetPairCorr
  0.77FRQAX Fidelity Income ReplPairCorr

Moving against Insurance Mutual Fund

  0.48FPUKX Fidelity PuritanPairCorr
  0.46FPURX Fidelity PuritanPairCorr
  0.62FACPX Fidelity Advisor Sumer Steady GrowthPairCorr
  0.58FADTX Fidelity Advisor TecPairCorr
  0.57FACGX Fidelity Advisor GrowthPairCorr
  0.57FAGCX Fidelity Advisor GrowthPairCorr
  0.45FAGKX Fidelity Growth StraPairCorr
  0.44FACVX Fidelity ConvertiblePairCorr
  0.42FAEGX Fidelity Advisor EquityPairCorr
  0.32FAGIX Fidelity Capital IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Insurance Mutual Fund performing well and Insurance Portfolio 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 Insurance Portfolio'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY