Fidelity Asset Correlations

FTASX Fund

USD 27.46 0.08 0.29%

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.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Fidelity Mutual Fund

0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.92	VTSNX	Vanguard Total Inter	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.68	JPM	JPMorgan Chase Earnings Call Tomorrow	Pair Corr
0.65	DD	Dupont De Nemours Financial Report 7th of August 2024	Pair Corr
0.62	WMT	Walmart Aggressive Push	Pair Corr
0.61	KO	Coca Cola Financial Report 24th of July 2024	Pair Corr
0.74	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against Fidelity Mutual Fund

0.59	XOM	Exxon Mobil Corp Financial Report 26th of July 2024	Pair Corr
0.46	DIS	Walt Disney Sell-off Trend	Pair Corr

Related Correlations Analysis

	FEYTX	FTSDX	FEATX	FBTTX	FFTMX
FEYTX		0.88	0.79	0.39	0.92	FEYTX
FTSDX	0.88		0.74	0.54	0.94	FTSDX
FEATX	0.79	0.74		0.07	0.85	FEATX
FBTTX	0.39	0.54	0.07		0.45	FBTTX
FFTMX	0.92	0.94	0.85	0.45		FFTMX
	FEYTX	FTSDX	FEATX	FBTTX	FFTMX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEYTX	0.48	0.01	0.01	0.01	0.56	(0.53)	1.03	(1.06)	2.51
FTSDX	0.40	(0.01)	(0.01)	(0.04)	0.54	(0.41)	0.82	(0.99)	2.63
FEATX	0.78	0.11	0.11	0.35	0.81	(0.90)	1.68	(1.47)	4.92
FBTTX	0.74	(0.10)	0.00	(1.07)	0.00	0.00	1.59	(1.86)	4.09
FFTMX	0.33	0.01	0.02	0.11	0.39	(0.37)	0.76	(0.80)	1.73

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Fidelity Asset Correlations

Moving together with Fidelity Mutual Fund

Moving against Fidelity Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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