Fidelity Series Related Correlations

FEMSX Fund

USD 17.52 0.19 1.10%

Generate correlation matrix for Fidelity Series and other related equities to check the degree to which Fidelity Series Emerging price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Fidelity Series Emerging. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Series Emerging. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in state.

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Please note, there is a significant difference between Fidelity Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Series' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	FZAJX	FUTBX	FIADX	FMNDX	FGNSX
FZAJX		0.1	0.94	0.69	0.69	FZAJX
FUTBX	0.1		-0.16	-0.24	-0.28	FUTBX
FIADX	0.94	-0.16		0.82	0.82	FIADX
FMNDX	0.69	-0.24	0.82		0.98	FMNDX
FGNSX	0.69	-0.28	0.82	0.98		FGNSX
	FZAJX	FUTBX	FIADX	FMNDX	FGNSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FGNSX	+ 0.98	FMNDX
FIADX	+ 0.94	FZAJX
FMNDX	+ 0.82	FIADX
FGNSX	+ 0.82	FIADX
FMNDX	+ 0.69	FZAJX
FGNSX	+ 0.69	FZAJX

High negative correlations

FGNSX	- 0.28	FUTBX
FMNDX	- 0.24	FUTBX
FIADX	- 0.16	FUTBX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FZAJX	0.58	(0.03)	(0.04)	0.05	0.66	(0.62)	1.36	(1.12)	3.21
FUTBX	0.28	(0.04)	0.00	(0.69)	0.00	0.00	0.47	(0.80)	1.73
FIADX	0.54	0.03	0.03	0.11	0.53	(0.59)	1.24	(0.95)	3.51
FMNDX	0.04	0.00	(0.75)	(0.09)	0.00	(0.18)	0.10	(0.10)	0.50
FGNSX	0.04	0.00	(0.74)	0.13	0.00	(0.16)	0.10	(0.10)	0.40

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Fidelity Series Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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