Fidelity Emerging Correlations

Mutual Funds . USA . 
Fund . Fidelity Emerging Markets
FEMKX Fund  USD 47.70  0.12  0.25%   
The current 90-days correlation between Fidelity Emerging Markets and Fidelity Advisor Emerging is 0.14 (i.e., Average diversification). The correlation of Fidelity Emerging 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.

Fidelity Emerging Correlation With Market

Very weak diversification

The correlation between Fidelity Emerging Markets and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Emerging Markets 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 Fidelity Emerging Markets. 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 board of governors.

Moving together with Fidelity Mutual Fund

  0.94FPTKX Fidelity Freedom 2015PairCorr
  0.86FPURX Fidelity PuritanPairCorr
  0.86FPUKX Fidelity PuritanPairCorr
  0.9FPXTX Fidelity PennsylvaniaPairCorr
  0.9FQIFX Fidelity Freedom IndexPairCorr
  0.94FQIPX Fidelity Freedom Index Potential GrowthPairCorr
  0.9FQLSX Fidelity Flex FreedomPairCorr
  0.95FRBDX Fidelity Freedom 2070PairCorr
  0.93FRBEX Fidelity Freedom 2070PairCorr
  0.88FRBHX Fidelity Freedom 2070PairCorr
  0.91FRBJX Fidelity Advisor FreedomPairCorr
  0.91FRBKX Fidelity Advisor Freedom Potential GrowthPairCorr
  0.86FRBLX Fidelity Advisor FreedomPairCorr
  0.87FRBOX Fidelity Advisor FreedomPairCorr
  0.87FRBPX Fidelity Advisor FreedomPairCorr
  0.88FRBQX Fidelity Flex FreedomPairCorr
  0.89FRBUX Fidelity Freedom IndexPairCorr
  0.89FRBVX Fidelity Freedom IndexPairCorr
  0.89FRBWX Fidelity Freedom IndexPairCorr
  0.88FRBYX Fidelity Freedom BlendPairCorr
  0.86FRBZX Fidelity Freedom BlendPairCorr
  0.88FRAGX Aggressive GrowthPairCorr
  0.92FRAMX Fidelity Income ReplPairCorr
  0.84FRASX Fidelity Income ReplPairCorr
  0.88FRCFX Fidelity Freedom BlendPairCorr
  0.88FRCHX Fidelity Freedom BlendPairCorr
  0.89FRCKX Fidelity Freedom BlendPairCorr
  0.85FRCLX Fidelity Freedom BlendPairCorr
  0.86FRCNX Fidelity Freedom BlendPairCorr
  0.88FRCPX Fidelity Freedom BlendPairCorr
  0.89FRCQX Fidelity SustainablePairCorr
  0.89FRCRX Fidelity SustainablePairCorr
  0.89FRCVX Fidelity SustainablePairCorr
  0.89FRCWX Fidelity SustainablePairCorr
  0.88FRCYX Fidelity SustainablePairCorr
  0.88FRDCX Fidelity SustainablePairCorr
  0.95FRDDX Fidelity SustainablePairCorr
  0.89FRDEX Fidelity SustainablePairCorr
  0.96FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Emerging 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 Fidelity Emerging'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.

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