Multimedia Portfolio Correlations

Mutual Funds . USA . 
Fund . Multimedia Portfolio Multimedia
FBMPX Fund  USD 139.94  0.05  0.04%   
The current 90-days correlation between Multimedia Portfolio and Fidelity Advisor Large is -0.06 (i.e., Good diversification). The correlation of Multimedia Portfolio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Multimedia Portfolio Correlation With Market

Significant diversification

The correlation between Multimedia Portfolio Multimedi and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimedia Portfolio Multimedi and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Multimedia Portfolio Multimedia. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Multimedia Mutual Fund

  0.63FPTKX Fidelity Freedom 2015PairCorr
  0.61FQIFX Fidelity Freedom IndexPairCorr
  0.63FQIPX Fidelity Freedom IndexPairCorr
  0.66FQLSX Fidelity Flex FreedomPairCorr
  0.65FRBDX Fidelity Freedom 2070PairCorr
  0.65FRBEX Fidelity Freedom 2070PairCorr
  0.65FRBHX Fidelity Freedom 2070PairCorr
  0.66FRBJX Fidelity Advisor FreedomPairCorr
  0.66FRBKX Fidelity Advisor FreedomPairCorr
  0.66FRBLX Fidelity Advisor FreedomPairCorr
  0.66FRBOX Fidelity Advisor FreedomPairCorr
  0.66FRBPX Fidelity Advisor FreedomPairCorr
  0.66FRBQX Fidelity Flex FreedomPairCorr
  0.62FRBUX Fidelity Freedom IndexPairCorr
  0.62FRBVX Fidelity Freedom IndexPairCorr
  0.63FRBWX Fidelity Freedom IndexPairCorr
  0.66FRBYX Fidelity Freedom BlendPairCorr
  0.66FRBZX Fidelity Freedom BlendPairCorr
  0.65FRAGX Aggressive GrowthPairCorr
  0.62FRAMX Fidelity Income ReplPairCorr
  0.64FRASX Fidelity Income ReplPairCorr
  0.66FRCFX Fidelity Freedom BlendPairCorr
  0.66FRCHX Fidelity Freedom BlendPairCorr
  0.66FRCKX Fidelity Freedom BlendPairCorr
  0.81FRCLX Fidelity Freedom BlendPairCorr
  0.66FRCNX Fidelity Freedom BlendPairCorr
  0.66FRCPX Fidelity Freedom BlendPairCorr
  0.62FRCQX Fidelity SustainablePairCorr
  0.62FRCRX Fidelity SustainablePairCorr
  0.62FRCVX Fidelity SustainablePairCorr
  0.62FRCWX Fidelity SustainablePairCorr
  0.62FRCYX Fidelity SustainablePairCorr
  0.61FRDCX Fidelity SustainablePairCorr
  0.62FRDDX Fidelity SustainablePairCorr
  0.62FRDEX Fidelity SustainablePairCorr
  0.65FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SMLF
+ 0.94
TNA
SMLF
+ 0.94
FESM
FELV
+ 0.94
QLTY
FELV
+ 0.93
FESM
CQQQ
+ 0.9
ARKW
QLTY
+ 0.9
FESM
  

High negative correlations

FHLC
- 0.8
ARKW
FHLC
- 0.79
CQQQ
FHLC
- 0.57
COWG
CQQQ
- 0.52
QLTY
FELV
- 0.44
CQQQ
QLTY
- 0.44
ARKW

Risk-Adjusted Indicators

There is a big difference between Multimedia Mutual Fund performing well and Multimedia Portfolio Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Multimedia Portfolio's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FALIX  0.41 (0.07) 0.00 (0.02) 0.00 
 0.00 
 0.90 
(1.35)
 3.50 
TNA  2.91 (0.15) 0.02  0.04  3.87 
(2.70)
 5.80 
(5.96)
 16.53 
COWG  0.83 (0.10) 0.00 (0.01) 0.00 
 0.00 
 1.82 
(2.36)
 4.98 
ARKW  1.75 (0.29) 0.00 (0.08) 0.00 
 0.00 
 2.84 
(4.38)
 9.03 
FESM  0.92 (0.02) 0.01  0.06  1.18 
(0.87)
 1.90 
(1.86)
 5.17 
SMLF  0.87 (0.06)(0.02) 0.03  1.23 
(0.81)
 1.53 
(1.93)
 4.68 
QLTY  0.62  0.03  0.03  0.11  0.76 
(0.60)
 1.44 
(1.22)
 3.76 
CQQQ  1.26 (0.19) 0.00 (0.10) 0.00 
 0.00 
 2.41 
(2.19)
 9.71 
FHLC  0.64  0.15  0.18  0.29  0.43 
(0.75)
 2.14 
(1.18)
 4.22 
FELV  0.55  0.01  0.00  0.08  0.62 
(0.56)
 1.07 
(1.01)
 3.10 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY