Fidelity Advisor Correlations

FUGIXDelisted Fund

USD 52.10 0.00 0.00%

Current 90-days correlation between Fidelity Advisor and Thrivent Diversified Income is 0.21 (i.e., Modest diversification).The correlation coefficient for Fidelity Advisor ranges from -1 to +1. Values above 0.8 suggest strong positive correlation - both assets move together - while values below -0.5 suggest a useful diversification pairing.

Fidelity Advisor Correlation to Market

Good diversification

Across the chosen horizon, FUGIX and DJI show a correlation of -0.19 and fall into the Good diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Investing Opportunities provides context for diversified portfolio design. Additional portfolio transparency improves capital positioning. Diversification analysis considers the interaction of positions within a portfolio. Reported data is organized for reference and does not imply a course of action. 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 gross domestic product.

Moving together with Fidelity Mutual Fund

0.91	FKUTX	Franklin Utilities	Pair Corr
0.87	FRUSX	Franklin Utilities	Pair Corr
0.87	FKUQX	Franklin Utilities	Pair Corr
0.87	FRUAX	Franklin Utilities	Pair Corr
0.87	FRURX	Franklin Utilities	Pair Corr
0.87	FUFRX	Franklin Utilities	Pair Corr
0.87	FSUTX	Utilities Portfolio	Pair Corr
0.87	FFUIX	Fidelity Advisor	Pair Corr
0.89	VUIAX	Vanguard Utilities Index	Pair Corr
0.86	PRUZX	Prudential Utility	Pair Corr
0.87	ERH	Allspring Utilities And	Pair Corr
0.89	CSJZX	Cohen Steers Realty	Pair Corr
0.89	CSRSX	Cohen Steers Realty	Pair Corr
0.77	EMFLX	PIMCO Flexible Emerging	Pair Corr
0.75	PQTNX	PIMCO Trends Managed	Pair Corr
0.86	NMZ	Nuveen Municipal High	Pair Corr
0.81	CHI	Calamos Convertible	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.95	KO	Coca Cola	Pair Corr
0.97	JNJ	Johnson Johnson	Pair Corr
0.86	MRK	Merck Company Sell-off Trend	Pair Corr
0.93	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.96	VZ	Verizon Communications	Pair Corr
0.93	T	ATT Inc Aggressive Push	Pair Corr

Moving against Fidelity Mutual Fund

0.31	WRHIX	Ivy High Income	Pair Corr
0.94	MSFT	Microsoft	Pair Corr
0.87	DIS	Walt Disney	Pair Corr
0.84	AXP	American Express	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.7	JPM	JPMorgan Chase	Pair Corr
0.68	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	OIDAX	GSQTX	PASVX	PHJEX	FTHNX	THYFX
OIDAX		0.54	0.56	0.76	0.49	0.65	OIDAX
GSQTX	0.54		0.99	0.83	0.96	0.92	GSQTX
PASVX	0.56	0.99		0.86	0.96	0.91	PASVX
PHJEX	0.76	0.83	0.86		0.84	0.89	PHJEX
FTHNX	0.49	0.96	0.96	0.84		0.89	FTHNX
THYFX	0.65	0.92	0.91	0.89	0.89		THYFX
	OIDAX	GSQTX	PASVX	PHJEX	FTHNX	THYFX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Advisor Mutual Fund doing well as a business compared to the competition. Risk-adjusted metrics allow investors to compare Fidelity Advisor's efficiency and downside exposure against peers in a more meaningful way. 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
OIDAX	1.78	0.88	0.81	1.66	0.00	-2.17	1.50	-1.52	58.54
GSQTX	0.80	0.11	0.08	0.00	1.11	-0.78	1.43	-1.86	5.31
PASVX	0.80	0.08	0.00	-0.03	0.00	0.00	1.30	-1.74	5.60
PHJEX	0.53	0.06	0.12	-0.01	0.73	-0.54	1.09	-1.42	4.37
FTHNX	0.68	0.05	0.00	-0.05	0.00	0.00	1.34	-1.54	4.42
THYFX	0.18	0.02	0.32	-0.01	0.22	-0.21	0.34	-0.48	1.15

Fidelity Advisor Related Equities

The following equities are related to Fidelity Advisor within the Utilities space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Fidelity Advisor against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.

Oppenheimer International Diversified Goldman Sachs Small T Rowe Price Principal Lifetime Hybrid Fuller Thaler Behavioral Thrivent Diversified Income American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp The Home Depot

Risk & Return

Correlation

Still Interested in Fidelity Advisor Utilities?

This summary explains why delisted instruments usually require a different level of diligence than listed securities. It focuses on venue risk, disclosure gaps, and the challenge of exiting a position efficiently. Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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