Fidelity Mid Competition
| FSMDX Fund | USD 37.25 -0.04 -0.11% |
Fidelity Mid vs American Funds Correlation Details
Almost no diversification
Across the chosen horizon, FSMDX and RFETX show a correlation of 0.95 and fall into the Almost no diversification bucket. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.
Moving together with Fidelity Mutual Fund
The concept of mean reversion suggests that Fidelity Mid's price will eventually return toward its long-run average. High prices may deter value investors, while unusually low prices often attract buyers who anticipate a recovery.
Fidelity Mid Competition Correlation Matrix
Reviewing how Fidelity Mid Cap moves relative to competing funds can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. Used correctly, correlation analysis helps separate broad industry exposure from company-specific behavior before additional capital is allocated across the peer group.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
Evaluating Fidelity Mutual Fund requires separating price momentum from underlying business quality relative to competitors. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSPGX | 0.75 | -0.10 | 0.00 | -0.17 | 0.00 | 1.29 | 4.37 | |||
| FSSNX | 0.91 | 0.03 | 0.00 | -0.02 | 0.00 | 1.35 | 5.90 | |||
| VWILX | 0.95 | 0.06 | 0.05 | 0.02 | 1.26 | 1.58 | 7.84 | |||
| MFEIX | 0.81 | -0.11 | 0.00 | -0.17 | 0.00 | 1.37 | 4.18 | |||
| VWIGX | 0.91 | -0.03 | 0.00 | -0.07 | 0.00 | 1.48 | 6.01 | |||
| MDIJX | 0.57 | 0.05 | 0.07 | 0.04 | 0.98 | 1.08 | 4.89 | |||
| FSMAX | 0.83 | 0.00 | 0.00 | -0.05 | 0.00 | 1.35 | 5.75 | |||
| VWUSX | 0.81 | -0.13 | 0.00 | -0.21 | 0.00 | 1.36 | 4.54 | |||
| LDLVX | 0.06 | 0.00 | 0.15 | -0.22 | 0.00 | 0.26 | 0.78 | |||
| RFETX | 0.33 | 0.01 | 0.07 | -0.02 | 0.47 | 0.58 | 2.30 |
Fidelity Mid Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Fidelity Mid Competition Peer Performance Charts
How to Analyze Fidelity Mid Against Peers
Fidelity Mid's peer analysis compares Fidelity Mid 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 Mid 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 Mid leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Analyst coverage and consensus comparison across Fidelity Mid peers shows where market attention is concentrated and which names may be relatively under- or over-analyzed. Peer benchmarking can improve context for valuation without relying only on standalone multiples.
For Fidelity Mid Cap, this section uses fund disclosures and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist.