Telecommunications Correlations

Mutual Funds . USA . 
Fund . Telecommunications Portfolio Telecommunications
FSTCX Fund  USD 58.48  0.48  0.83%   
The current 90-days correlation between Telecommunications and Computers Portfolio Puters is 0.12 (i.e., Average diversification). The correlation of Telecommunications 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.

Telecommunications Correlation With Market

Average diversification

The correlation between Telecommunications Portfolio T and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telecommunications Portfolio T 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 Telecommunications Portfolio Telecommunications. 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 Telecommunications Mutual Fund

  0.87FPTKX Fidelity Freedom 2015PairCorr
  0.75FPXTX Fidelity PennsylvaniaPairCorr
  0.83FQIFX Fidelity Freedom IndexPairCorr
  0.78FQIPX Fidelity Freedom IndexPairCorr
  0.83FQITX Fidelity Salem StreetPairCorr
  0.73FQLSX Fidelity Flex FreedomPairCorr
  0.72FRAGX Aggressive GrowthPairCorr
  0.89FRAMX Fidelity Income ReplPairCorr
  0.88FRASX Fidelity Income ReplPairCorr
  0.77FRGAX Growth Allocation IndexPairCorr
  0.8FRESX Fidelity Real EstatePairCorr
  0.89FRIFX Fidelity Real EstatePairCorr
  0.89FRIMX Fidelity Income ReplPairCorr
  0.89FRINX Fidelity Real EstatePairCorr
  0.89FRIOX Fidelity Real EstatePairCorr
  0.89FRIQX Fidelity Real EstatePairCorr
  0.89FRHMX Fidelity Managed RetPairCorr
  0.89FRKMX Fidelity Managed RetPairCorr
  0.89FRIRX Fidelity Real EstatePairCorr
  0.78FRLPX Fidelity Freedom IndexPairCorr
  0.72FROGX Fidelity Municipal IncomePairCorr
  0.89FRQHX Fidelity Managed RetPairCorr
  0.89FRQIX Fidelity Income ReplPairCorr
  0.89FRQKX Fidelity Managed RetPairCorr
  0.89FRQAX Fidelity Income ReplPairCorr
  0.62FACNX Fidelity CanadaPairCorr
  0.88FACFX Fidelity Advisor FreedomPairCorr
  0.79FADMX Fidelity Advisor StrPairCorr

Moving against Telecommunications Mutual Fund

  0.33FRPCX Fidelity Sai AlternativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Telecommunications Mutual Fund performing well and Telecommunications 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 Telecommunications' 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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