Correlation Analysis Between Fidelity Contra and Growth Fund

Analyzing existing cross correlation between Fidelity Contra Fund and The Growth Fund Of America Clas. You can compare the effects of market volatilities on Fidelity Contra and Growth Fund and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Fidelity Contra with a short position of Growth Fund. See also your portfolio center. Please also check ongoing floating volatility patterns of Fidelity Contra and Growth Fund.
Horizon     30 Days    Login   to change
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Comparative Performance

Fidelity Contra Fund  
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Risk-Adjusted Fund Performance

Over the last 30 days Fidelity Contra Fund has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, Fidelity Contra is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Growth Fund  
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Risk-Adjusted Fund Performance

Over the last 30 days The Growth Fund Of America Clas has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, Growth Fund is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Fidelity Contra and Growth Fund Volatility Contrast

 Predicted Return Density 
    
  Returns 

Fidelity Contra Fund  vs.  The Growth Fund Of America Cla

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  0.00  in The Growth Fund Of America Clas on December 21, 2019 and sell it today you would earn a total of  0.00  from holding The Growth Fund Of America Clas or generate 0.0% return on investment over 30 days.

Pair Corralation between Fidelity Contra and Growth Fund

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Fidelity Contra and Growth Fund

Fidelity Contra Fund diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Contra Fund and The Growth Fund Of America Cla in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Growth Fund and Fidelity Contra is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Fidelity Contra Fund are associated (or correlated) with Growth Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Growth Fund has no effect on the direction of Fidelity Contra i.e. Fidelity Contra and Growth Fund go up and down completely randomly.
See also your portfolio center. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.