Fidelity Series Correlations

Mutual Funds . USA . 
Fund . Fidelity Series 0 5
FSTZX Fund  USD 9.86  0.03  0.31%   
The current 90-days correlation between Fidelity Series 0 and Global Gold Fund is 0.07 (i.e., Significant diversification). The correlation of Fidelity Series 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 Series Correlation With Market

Modest diversification

The correlation between Fidelity Series 0 5 and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Series 0 5 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 Series 0 5. 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

  0.63FQIPX Fidelity Freedom IndexPairCorr
  0.78FQITX Fidelity Salem StreetPairCorr
  0.73FRAMX Fidelity Income ReplPairCorr
  0.71FRASX Fidelity Income ReplPairCorr
  0.77FRIFX Fidelity Real EstatePairCorr
  0.74FRIMX Fidelity Income ReplPairCorr
  0.77FRINX Fidelity Real EstatePairCorr
  0.73FRIOX Fidelity Real EstatePairCorr
  0.76FRIQX Fidelity Real EstatePairCorr
  0.75FRHMX Fidelity Managed RetPairCorr
  0.74FRKMX Fidelity Managed RetPairCorr
  0.77FRIRX Fidelity Real EstatePairCorr
  0.63FRLPX Fidelity Freedom IndexPairCorr
  0.75FRQHX Fidelity Managed RetPairCorr
  0.73FRQIX Fidelity Income ReplPairCorr
  0.74FRQKX Fidelity Managed RetPairCorr
  0.96FRPDX Fidelity Sai AlternativePairCorr
  0.72FRQAX Fidelity Income ReplPairCorr
  0.72FACFX Fidelity Advisor FreedomPairCorr
  0.65FADMX Fidelity Advisor StrPairCorr

Moving against Fidelity Mutual Fund

  0.43FACPX Fidelity Advisor SumerPairCorr
  0.36FACVX Fidelity ConvertiblePairCorr
  0.63FADTX Fidelity Advisor TecPairCorr
  0.51FAEGX Fidelity Advisor EquityPairCorr
  0.45FADAX Fidelity Advisor DividendPairCorr
  0.38FACDX Fidelity Advisor HealthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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