This module allows you to analyze existing cross correlation between Fidelity Simplicity RMD Income and SPTSX Comp. You can compare the effects of market volatilities on Fidelity Simplicity and SPTSX Comp 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 Simplicity with a short position of SPTSX Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Fidelity Simplicity and SPTSX Comp.
|Horizon||30 Days Login to change|
Fidelity Simplicity RMD Income vs. SPTSX Comp
If you would invest 0.00 in Fidelity Simplicity RMD Income on July 24, 2019 and sell it today you would earn a total of 0.00 from holding Fidelity Simplicity RMD Income or generate 0.0% return on investment over 30 days.
Pair Corralation between Fidelity Simplicity and SPTSX Comp
|Time Period||2 Months [change]|
Diversification Opportunities for Fidelity Simplicity and SPTSX Comp
Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Simplicity RMD Income and SPTSX Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SPTSX Comp and Fidelity Simplicity 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 Simplicity RMD Income are associated (or correlated) with SPTSX Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SPTSX Comp has no effect on the direction of Fidelity Simplicity i.e. Fidelity Simplicity and SPTSX Comp go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.