FIDELITY ADVISOR Correlations

FSCIX Fund

USD 37.04 0.93 2.58%

Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. Current 90-days correlation between Fidelity Advisor Small and JPMorgan Small Cap is -0.21 (i.e., Strong inverse diversification).

FIDELITY ADVISOR Correlation With Broad Market

Poor diversification

FIDELITY ADVISOR currently posts a 0.63 correlation with Dow Jones, indicating a Poor diversification relationship for the active sample. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Investing Opportunities frames the approach to diversified portfolio design. The portfolio structure determines how individual positions contribute to the whole. Including Fidelity Advisor Small in a portfolio enables allocation and risk analysis. The sizing of each position reflects the chosen allocation strategy. Broader economic conditions can influence Fidelity Advisor Small's mutual fund valuation — related indicators include signals in gross domestic product.

Moving together with FIDELITY Mutual Fund

0.85	FPTKX	Fidelity Freedom 2015	Pair Corr
0.85	FPURX	Fidelity Puritan	Pair Corr
0.85	FPUKX	Fidelity Puritan	Pair Corr
0.83	FPXTX	Fidelity Pennsylvania	Pair Corr
0.91	FQIFX	Fidelity Freedom Index	Pair Corr
0.87	FRBEX	Fidelity Freedom 2070	Pair Corr
0.87	FRBHX	Fidelity Freedom 2070	Pair Corr
0.9	FRBLX	Fidelity Advisor Freedom	Pair Corr
0.91	FRBOX	Fidelity Advisor Freedom	Pair Corr
0.92	FRBQX	Fidelity Flex Freedom	Pair Corr
0.86	FRCJX	Fidelity Freedom Blend	Pair Corr
0.84	FRCRX	Fidelity Sustainable	Pair Corr
0.88	FRCWX	Fidelity Sustainable	Pair Corr
0.89	FRDDX	Fidelity Sustainable	Pair Corr
0.72	FRESX	Fidelity Real Estate	Pair Corr
0.76	FRIFX	Fidelity Real Estate	Pair Corr
0.91	FRIMX	Fidelity Income	Pair Corr
0.78	FRIOX	Fidelity Real Estate	Pair Corr
0.91	FRHMX	Fidelity Managed	Pair Corr
0.91	FRKMX	Fidelity Managed	Pair Corr
0.76	FRIRX	Fidelity Real Estate	Pair Corr
0.91	FRQHX	Fidelity Managed	Pair Corr
0.91	FRQIX	Fidelity Income	Pair Corr
0.65	FACNX	Fidelity Canada	Pair Corr
0.88	FAHEX	Fidelity Advisor High	Pair Corr
0.85	FSAGX	Gold Portfolio Gold	Pair Corr
0.91	FSANX	Fidelity Asset Manager	Pair Corr
0.79	FSAWX	Fidelity Sai Convertible	Pair Corr
0.82	FSAZX	Fidelity Arizona	Pair Corr
0.9	FAMRX	Fidelity Asset Manager	Pair Corr
0.8	FSCHX	Chemicals Portfolio	Pair Corr

Moving against FIDELITY Mutual Fund

0.61

FSCSX

Software And It

Pair Corr

Related Correlations Analysis

	FLCCX	JMCVX	MDLRX	AAGPX	JDPAX	JMVIX	NTRS	LZIOX	JSIVX	PGSGX
FLCCX		0.58	-0.13	0.07	0.64	0.58	-0.23	0.21	0.32	-0.19	FLCCX
JMCVX	0.58		0.43	0.79	0.96	1.0	0.5	0.8	0.92	0.43	JMCVX
MDLRX	-0.13	0.43		0.64	0.46	0.43	0.6	0.52	0.48	0.74	MDLRX
AAGPX	0.07	0.79	0.64		0.71	0.8	0.73	0.85	0.9	0.68	AAGPX
JDPAX	0.64	0.96	0.46	0.71		0.96	0.42	0.74	0.86	0.42	JDPAX
JMVIX	0.58	1.0	0.43	0.8	0.96		0.5	0.8	0.93	0.43	JMVIX
NTRS	-0.23	0.5	0.6	0.73	0.42	0.5		0.65	0.69	0.77	NTRS
LZIOX	0.21	0.8	0.52	0.85	0.74	0.8	0.65		0.89	0.6	LZIOX
JSIVX	0.32	0.92	0.48	0.9	0.86	0.93	0.69	0.89		0.61	JSIVX
PGSGX	-0.19	0.43	0.74	0.68	0.42	0.43	0.77	0.6	0.61		PGSGX
	FLCCX	JMCVX	MDLRX	AAGPX	JDPAX	JMVIX	NTRS	LZIOX	JSIVX	PGSGX

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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

JMVIX	+ 1.0	JMCVX
JDPAX	+ 0.96	JMCVX
JMVIX	+ 0.96	JDPAX
JSIVX	+ 0.93	JMVIX
JSIVX	+ 0.92	JMCVX
JSIVX	+ 0.9	AAGPX

High negative correlations

NTRS	- 0.23	FLCCX
PGSGX	- 0.19	FLCCX
MDLRX	- 0.13	FLCCX

Risk-Adjusted Indicators

Strong recent returns in FIDELITY Mutual Fund do not always mean FIDELITY ADVISOR Mutual Fund is outperforming peers on business quality. Without risk-adjusted context, investors may overweight short-term returns and underweight the volatility required to achieve them. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FLCCX	0.50	0.07	0.13	-0.34	0.58	-0.69	1.13	-1.32	8.00
JMCVX	0.64	0.11	0.12	0.06	0.83	-0.68	1.29	-1.56	3.92
MDLRX	0.64	-0.06	0.00	0.18	0.00	0.00	1.08	-1.31	3.64
AAGPX	0.60	0.04	0.00	-0.02	0.00	0.00	1.18	-1.47	3.31
JDPAX	0.63	0.00	0.08	-0.10	0.86	-0.67	1.26	-1.59	3.95
JMVIX	0.64	0.11	0.12	0.06	0.83	-0.70	1.28	-1.58	3.95
NTRS	1.24	0.09	0.04	0.00	1.67	-1.22	3.06	-2.94	9.82
LZIOX	1.03	0.06	0.04	0.02	2.24	-0.91	1.49	-1.89	21.65
JSIVX	0.73	0.07	0.07	0.00	0.97	-0.77	1.49	-1.74	4.93
PGSGX	1.04	-0.09	0.00	0.33	0.00	0.00	1.64	-2.49	7.10

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