Fidelity Asset Competition
| FASMX Fund | USD 21.55 -0.32 -1.46% |
Correlation: Fidelity Asset vs IShares ESG Details
Minimal diversification benefit
Across the chosen horizon, Fidelity Asset and IShares ESG show a correlation of 0.98 and fall into the Minimal diversification benefit bucket. A 0.98 reading means Fidelity Asset and IShares ESG have substantial price overlap, limiting diversification benefit.
Moving together with Fidelity Mutual Fund
| 0.95 | FPURX | Fidelity Puritan | PairCorr |
| 0.95 | FPUKX | Fidelity Puritan | PairCorr |
| 0.86 | FPXTX | Fidelity Pennsylvania | PairCorr |
| 0.99 | FQIFX | Fidelity Freedom Index | PairCorr |
| 0.92 | FRBLX | Fidelity Advisor Freedom | PairCorr |
Moving Against Fidelity Mutual Fund
Mean reversion in Fidelity Asset's price occurs when temporary dislocations correct back toward historical fair value. This tendency of Fidelity Asset's price to converge to an average value over time is called mean reversion.
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. The business currently sits in the Allocation--50% to 70% Equity sector and the Large Growth industry. In practical terms, lower correlation may offer better diversification while higher correlation may leave the portfolio more exposed to one shared driver.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
Return momentum in Fidelity Mutual Fund is more useful when tested against peer-relative fundamentals and risk. Without risk-adjusted context, investors may overweight short-term returns and underweight the volatility required to achieve them. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FAAIX | 0.57 | 0.03 | 0.00 | -0.04 | 0.00 | 0.89 | 3.53 | |||
| FCASX | 0.57 | 0.03 | 0.00 | -0.04 | 0.00 | 0.89 | 3.50 | |||
| AVUS | 0.63 | 0.04 | 0.00 | -0.03 | 0.00 | 1.01 | 3.66 | |||
| VONE | 0.60 | -0.02 | 0.00 | -0.10 | 0.00 | 1.06 | 3.71 | |||
| AVDE | 0.81 | 0.09 | 0.07 | 0.02 | 1.32 | 1.67 | 5.45 | |||
| MGV | 0.52 | 0.09 | 0.16 | 0.06 | 0.69 | 0.94 | 3.27 | |||
| IGV | 1.56 | -0.37 | 0.00 | -0.48 | 0.00 | 2.30 | 8.26 | |||
| DUHP | 0.60 | 0.00 | 0.00 | -0.08 | 0.00 | 0.93 | 4.23 | |||
| VUIAX | 0.72 | 0.11 | 0.14 | 0.39 | 1.05 | 1.49 | 6.71 | |||
| ESGD | 0.82 | 0.05 | 0.00 | -0.02 | 0.00 | 1.60 | 5.57 |
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
Insider ownership at Fidelity Asset is higher than at most peers, which can align management incentives with shareholder interests. Short interest at Fidelity Asset versus peers shows whether bears are targeting this name more or less than its rivals. Relative ranking may help frame which fundamentals deserve deeper follow-up.
Unless otherwise specified, data for Fidelity Asset Manager is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.