Fidelity Sai Correlations

FIFGX Fund

USD 88.38 0.76 0.87%

The current 90-days correlation between Fidelity Sai Inflati and Franklin Moderate Allocation is -0.18 (i.e., Good diversification). The correlation of Fidelity Sai 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 Sai Correlation With Market

Significant diversification

The correlation between Fidelity Sai Inflationfocused 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 Fidelity Sai Inflationfocused 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 Sai Inflationfocused. 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 rate.

Moving together with Fidelity Mutual Fund

0.65	FPXTX	Fidelity Pennsylvania	Pair Corr
0.61	FRCQX	Fidelity Sustainable	Pair Corr
0.61	FRCVX	Fidelity Sustainable	Pair Corr
0.61	FRDDX	Fidelity Sustainable	Pair Corr
0.61	FRDEX	Fidelity Sustainable	Pair Corr

Moving against Fidelity Mutual Fund

0.54

FRPCX

Fidelity Sai Alternative

Pair Corr

Related Correlations Analysis

	FMTIX	CBSYX	PBLIX	JAAIX	RCOCX	FSBKX	BBISX
FMTIX		0.91	0.92	0.9	0.82	0.92	0.93	FMTIX
CBSYX	0.91		0.97	0.97	0.73	0.95	0.84	CBSYX
PBLIX	0.92	0.97		0.94	0.74	0.98	0.84	PBLIX
JAAIX	0.9	0.97	0.94		0.8	0.92	0.88	JAAIX
RCOCX	0.82	0.73	0.74	0.8		0.79	0.94	RCOCX
FSBKX	0.92	0.95	0.98	0.92	0.79		0.88	FSBKX
BBISX	0.93	0.84	0.84	0.88	0.94	0.88		BBISX
	FMTIX	CBSYX	PBLIX	JAAIX	RCOCX	FSBKX	BBISX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Sai 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 Sai'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FMTIX	0.33	0.03	0.01	2.30	0.49	(0.31)	0.70	(0.76)	2.52
CBSYX	0.35	0.03	0.04	0.07	0.41	(0.35)	0.71	(0.71)	2.04
PBLIX	0.49	0.02	0.02	0.04	0.75	(0.46)	1.02	(1.11)	3.26
JAAIX	0.15	0.01	(0.03)	0.05	0.11	(0.17)	0.30	(0.36)	0.84
RCOCX	0.49	0.06	0.06	6.37	0.50	(0.54)	1.28	(0.90)	3.13
FSBKX	0.36	0.02	0.02	0.05	0.55	(0.33)	0.81	(0.88)	2.25
BBISX	0.52	0.06	0.06	(31.90)	0.60	(0.57)	1.11	(1.27)	3.29

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