Fidelity Asset Correlations

Mutual Funds . USA . 
Fund . Fidelity Asset Manager
FTIWX Fund  USD 13.81  0.03  0.22%   
The current 90-days correlation between Fidelity Asset Manager and Buffalo High Yield is 0.07 (i.e., Significant 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

Very weak diversification

The correlation between Fidelity Asset Manager and DJI is 0.42 (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 housing.

Moving together with Fidelity Mutual Fund

  0.99FPTKX Fidelity Freedom 2015PairCorr
  0.78FPURX Fidelity PuritanPairCorr
  0.82FPXTX Fidelity PennsylvaniaPairCorr
  0.96FQIFX Fidelity Freedom IndexPairCorr
  0.94FQIPX Fidelity Freedom IndexPairCorr
  0.86FQITX Fidelity Salem StreetPairCorr
  0.93FRAGX Aggressive GrowthPairCorr
  0.99FRASX Fidelity Income ReplPairCorr
  0.95FRGAX Growth Allocation IndexPairCorr
  0.69FRESX Fidelity Real EstatePairCorr
  0.92FRIFX Fidelity Real EstatePairCorr
  0.98FRIMX Fidelity Income ReplPairCorr
  0.92FRIOX Fidelity Real EstatePairCorr
  0.98FRHMX Fidelity Managed RetPairCorr
  0.98FRKMX Fidelity Managed RetPairCorr
  0.92FRIRX Fidelity Real EstatePairCorr
  0.98FRQIX Fidelity Income ReplPairCorr
  0.99FRQAX Fidelity Income ReplPairCorr
  0.72FAASX Fidelity Asset ManagerPairCorr
  0.73FAAIX Fidelity Asset ManagerPairCorr
  0.96FADMX Fidelity Advisor StrPairCorr
  0.85FAERX Fidelity Advisor OverseasPairCorr
  0.76FAFSX Fidelity Advisor FinPairCorr
  0.97FAFEX Fidelity Advisor FreedomPairCorr
  0.77FAFDX Fidelity Advisor FinPairCorr
  0.75FAFCX Fidelity Advisor FinPairCorr
  0.98FAFAX Fidelity Advisor FreedomPairCorr
  0.75FAGIX Fidelity Capital IncomePairCorr
  0.76FAHCX Fidelity Advisor HighPairCorr

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 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.

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