Fidelity Asset Correlations

FTIWX Fund

USD 14.45 0.03 0.21%

The current 90-days correlation between Fidelity Asset Manager and T Rowe Price is 0.89 (i.e., Very poor diversification). The correlation of Fidelity Asset 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 Asset Correlation With Market

Poor diversification

The correlation between Fidelity Asset Manager and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Asset Manager 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 Asset Manager. 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 interest.

Moving together with Fidelity Mutual Fund

0.99	FPTKX	Fidelity Freedom 2015	Pair Corr
0.92	FPURX	Fidelity Puritan	Pair Corr
0.92	FPUKX	Fidelity Puritan	Pair Corr
0.9	FPXTX	Fidelity Pennsylvania	Pair Corr
0.98	FQIFX	Fidelity Freedom Index	Pair Corr
0.95	FQIPX	Fidelity Freedom Index	Pair Corr
0.94	FQLSX	Fidelity Flex Freedom	Pair Corr
0.86	FRBDX	Fidelity Freedom 2070	Pair Corr
0.86	FRBEX	Fidelity Freedom 2070	Pair Corr
0.86	FRBHX	Fidelity Freedom 2070	Pair Corr
0.81	FRBKX	Fidelity Advisor Freedom	Pair Corr
0.72	FRBOX	Fidelity Advisor Freedom	Pair Corr
0.86	FRBQX	Fidelity Flex Freedom	Pair Corr
0.78	FRBUX	Fidelity Freedom Index	Pair Corr
0.88	FRBVX	Fidelity Freedom Index	Pair Corr
0.88	FRBWX	Fidelity Freedom Index	Pair Corr
0.76	FRBYX	Fidelity Freedom Blend	Pair Corr
0.87	FRAGX	Aggressive Growth	Pair Corr
0.94	FRAMX	Fidelity Income Repl	Pair Corr
0.86	FRCHX	Fidelity Freedom Blend	Pair Corr
0.84	FRCNX	Fidelity Freedom Blend	Pair Corr
0.86	FRCWX	Fidelity Sustainable	Pair Corr
0.87	FRDDX	Fidelity Sustainable	Pair Corr
0.89	FRGAX	Growth Allocation Index	Pair Corr
0.77	FRIFX	Fidelity Real Estate	Pair Corr
0.78	FRINX	Fidelity Real Estate	Pair Corr
0.94	FRHMX	Fidelity Managed Ret	Pair Corr
0.79	FRIRX	Fidelity Real Estate	Pair Corr
0.88	FRLPX	Fidelity Freedom Index	Pair Corr
0.94	FRQKX	Fidelity Managed Ret	Pair Corr
0.94	FRQAX	Fidelity Income Repl	Pair Corr
0.96	FAAIX	Fidelity Asset Manager	Pair Corr
0.74	FACTX	Fidelity Advisor Health	Pair Corr
0.94	FADMX	Fidelity Advisor Str	Pair Corr
0.64	FAERX	Fidelity Advisor Overseas	Pair Corr
0.87	FAFEX	Fidelity Advisor Freedom	Pair Corr

Moving against Fidelity Mutual Fund

0.61

FTF

Franklin Templeton

Pair Corr

Related Correlations Analysis

	RPBAX	MFTFX	ABVCX	AUUIX	FLDFX	REMVX	VOLJX
RPBAX		0.72	0.88	0.95	0.99	0.85	0.96	RPBAX
MFTFX	0.72		0.67	0.63	0.7	0.73	0.68	MFTFX
ABVCX	0.88	0.67		0.89	0.87	0.87	0.84	ABVCX
AUUIX	0.95	0.63	0.89		0.96	0.89	0.95	AUUIX
FLDFX	0.99	0.7	0.87	0.96		0.87	0.96	FLDFX
REMVX	0.85	0.73	0.87	0.89	0.87		0.86	REMVX
VOLJX	0.96	0.68	0.84	0.95	0.96	0.86		VOLJX
	RPBAX	MFTFX	ABVCX	AUUIX	FLDFX	REMVX	VOLJX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Asset 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 Asset'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
RPBAX	0.35	0.02	(0.03)	0.11	0.41	(0.35)	0.79	(0.74)	2.13
MFTFX	1.10	0.18	0.09	1.28	1.06	(1.30)	2.80	(1.78)	6.84
ABVCX	0.53	0.07	0.00	1.03	0.60	(0.60)	1.23	(1.12)	3.47
AUUIX	0.47	0.01	0.00	0.09	0.69	(0.45)	1.01	(0.87)	3.34
FLDFX	0.40	0.02	(0.02)	0.10	0.49	(0.42)	0.89	(0.73)	2.65
REMVX	0.64	0.13	0.10	0.28	0.69	(0.73)	1.38	(0.83)	4.64
VOLJX	0.56	0.03	0.02	0.10	0.80	(0.55)	1.36	(1.22)	3.88

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