FIDELITY ASSET Competition
| FAAIX Fund | USD 29.52 -0.55 -1.83% |
FIDELITY ASSET vs ProShares Ultra Correlation View
Very weak diversification
For the present investment horizon, the measured correlation between FAAIX and SSO stands at 0.52, or Very weak diversification. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.
Moving together with FIDELITY Mutual Fund
The mean reversion principle applied to FIDELITY ASSET's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.
FIDELITY ASSET Competition Correlation Matrix
Correlation analysis between Fidelity Asset Manager and its competitors provides context for understanding whether diversification is real or only superficial inside the same peer group. A reading near +1 usually means prices have moved in tandem, a reading near -1 suggests opposite movement, and a reading near zero points to weaker historical dependence.
High positive correlations
| High negative correlations
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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. Risk-adjusted metrics allow investors to compare FIDELITY ASSET's efficiency and downside exposure against peers in a more meaningful way. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCASX | 0.54 | 0.04 | 0.00 | -0.04 | 0.00 | 0.84 | 3.46 | |||
| FEYAX | 0.61 | -0.01 | 0.12 | -0.03 | 0.81 | 1.02 | 4.14 | |||
| JGRO | 0.78 | -0.06 | 0.00 | -0.18 | 0.00 | 1.22 | 4.34 | |||
| SPYD | 0.58 | 0.05 | 0.25 | -0.73 | 0.54 | 1.38 | 3.67 | |||
| FCAGX | 1.05 | 0.06 | 0.00 | -0.05 | 0.00 | 1.68 | 6.96 | |||
| FIDGX | 1.05 | 0.06 | 0.00 | -0.05 | 0.00 | 1.66 | 6.93 | |||
| FCTGX | 1.05 | 0.06 | 0.00 | -0.05 | 0.00 | 1.66 | 6.93 | |||
| BUFR | 0.32 | 0.01 | 0.00 | -0.07 | 0.00 | 0.61 | 1.87 | |||
| SHYG | 0.13 | 0.00 | 0.00 | -0.12 | 0.00 | 0.31 | 0.95 | |||
| SSO | 1.16 | 0.00 | 0.00 | -0.10 | 0.00 | 1.78 | 6.97 |
FIDELITY ASSET Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
FIDELITY ASSET Competition Peer Performance Charts
How to Analyze FIDELITY ASSET Against Peers
FIDELITY ASSET's peer analysis compares FIDELITY ASSET with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether FIDELITY ASSET trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where FIDELITY ASSET leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Relative analysis for FIDELITY ASSET helps answer whether its current valuation premium or discount versus peers is justified by fundamentals. Analyst coverage and consensus comparison across FIDELITY ASSET's peers shows where market attention is concentrated. Relative analysis can highlight whether current pricing already reflects peer-group strengths or weaknesses.
Inputs for Fidelity Asset Manager come from fund disclosures and market reference feeds and are mapped into a consistent schema for analysis. Some fields can appear with publication lag.