Fidelity Sai Correlations

FSAWX Fund

11.59 0.02 0.17%

The current 90-days correlation between Fidelity Sai Convertible and Delaware Emerging Markets is 0.02 (i.e., Significant 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

Good diversification

The correlation between Fidelity Sai Convertible and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Sai Convertible 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 Convertible. 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 housing.

Moving together with Fidelity Mutual Fund

0.76	FPTKX	Fidelity Freedom 2015	Pair Corr
0.73	FQIFX	Fidelity Freedom Index	Pair Corr
0.81	FANDX	Fidelity Advisor Sust	Pair Corr
0.8	FSELX	Fidelity Select Semi	Pair Corr
0.75	FSNKX	Fidelity Freedom 2010	Pair Corr
0.79	FSPTX	Technology Portfolio	Pair Corr
0.77	FBALX	Fidelity Balanced	Pair Corr
0.65	FCLKX	Fidelity Large Cap	Pair Corr
0.73	FFEGX	Fidelity Freedom Index	Pair Corr
0.74	FFIJX	Fidelity Freedom Index	Pair Corr
0.69	FFLEX	Fidelity Freedom Index	Pair Corr
0.69	FFLDX	Fidelity Freedom Index	Pair Corr
0.69	FFOPX	Fidelity Freedom Index	Pair Corr
0.77	FXIFX	Fidelity Freedom Index	Pair Corr
0.76	FGWMX	Fidelity New Markets	Pair Corr
0.8	FYMRX	Fidelity Sustainable	Pair Corr
0.75	FHCCX	Fidelity Advisor Health	Pair Corr
0.73	FHKFX	Fidelity Series Emerging	Pair Corr
0.65	FHNFX	Fidelity Series Gove	Pair Corr
0.64	FZABX	Fidelity Advisor Div	Pair Corr
0.68	FHQEX	Fidelity Freedom Blend	Pair Corr
0.75	FHRVX	Fidelity Managed Ret	Pair Corr
0.75	FHRFX	Fidelity Managed Ret	Pair Corr
0.65	FHREX	Fidelity Freedom Blend	Pair Corr
0.64	FZTKX	Fidelity Freedom 2050	Pair Corr
0.68	FIKHX	Fidelity Advisor Tec	Pair Corr
0.69	FJTKX	Fidelity Freedom 2045	Pair Corr

Moving against Fidelity Mutual Fund

0.73	FTF	Franklin Templeton	Pair Corr
0.36	FSRPX	Retailing Portfolio	Pair Corr
0.82	TCTGX	Transamerica Cleartrack	Pair Corr
0.82	USPSX	Profunds Ultrashort	Pair Corr
0.82	TDKTX	Cleartrack 2015 Class	Pair Corr
0.82	TCTJX	Transamerica Cleartrack	Pair Corr
0.35	FIKBX	Fidelity Advisor Fin	Pair Corr

Related Correlations Analysis

	DEDCX	SYMAX	SAEMX	PCEMX	SEKRX	BOGSX	RYVLX	QTERX
DEDCX		0.42	0.72	0.67	0.56	0.25	0.5	0.57	DEDCX
SYMAX	0.42		0.41	0.43	0.38	0.33	0.53	0.37	SYMAX
SAEMX	0.72	0.41		0.92	0.82	0.62	0.79	0.91	SAEMX
PCEMX	0.67	0.43	0.92		0.83	0.77	0.85	0.95	PCEMX
SEKRX	0.56	0.38	0.82	0.83		0.63	0.86	0.75	SEKRX
BOGSX	0.25	0.33	0.62	0.77	0.63		0.79	0.75	BOGSX
RYVLX	0.5	0.53	0.79	0.85	0.86	0.79		0.78	RYVLX
QTERX	0.57	0.37	0.91	0.95	0.75	0.75	0.78		QTERX
	DEDCX	SYMAX	SAEMX	PCEMX	SEKRX	BOGSX	RYVLX	QTERX

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
DEDCX	0.08	0.00	(0.38)	0.10	0.00	(0.14)	0.13	(0.13)	0.38
SYMAX	0.51	0.05	0.00	0.37	0.53	(0.55)	1.14	(0.98)	2.95
SAEMX	0.55	0.07	0.01	0.69	0.65	(0.61)	1.13	(1.25)	3.90
PCEMX	0.65	0.05	0.02	0.14	0.89	(0.75)	1.61	(1.36)	5.32
SEKRX	0.78	0.10	0.03	2.12	1.04	(0.77)	1.54	(1.20)	5.48
BOGSX	1.02	(0.02)	0.00	0.06	1.57	(0.97)	2.17	(2.65)	7.39
RYVLX	1.54	0.20	0.06	1.30	2.28	(1.55)	3.60	(4.11)	9.37
QTERX	0.68	0.01	(0.01)	0.09	0.84	(0.77)	1.45	(1.13)	4.71

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