Correlation Between Fidelity Canadian and RBC Quant
Correlation between Fidelity Canadian High and RBC Quant Canadian describes the degree of alignment in their return patterns. This measure reflects the degree of diversifiable risk between the two instruments.
Cross-correlation between Fidelity Canadian High and RBC Quant Canadian helps estimate portfolio overlap before combining both positions. Return co-movement patterns are presented across multiple observation windows. The long Fidelity Canadian versus short RBC Quant framework helps compare directional behavior. The volatility profiles of Fidelity Canadian and RBC Quant offer additional context. Go to your portfolio center
Diversification Opportunities for Fidelity Canadian and RBC Quant
0.34 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Fidelity and RBC is 0.34. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Canadian High and RBC Quant Canadian in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on RBC Quant Canadian and Fidelity Canadian is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Fidelity Canadian High are associated (or correlated) with RBC Quant. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of RBC Quant Canadian has no effect on the direction of Fidelity Canadian i.e., Fidelity Canadian and RBC Quant go up and down completely randomly.
Pair Corralation between Fidelity Canadian and RBC Quant
Assuming the 90-day trading horizon Fidelity Canadian High is expected to generate 0.47 times more return on investment than RBC Quant. However, Fidelity Canadian High is 2.11 times less risky than RBC Quant. It trades about 0.11 of its potential returns per unit of risk. RBC Quant Canadian is currently generating about -0.08 per unit of risk. If you had invested C$ 3,554 in Fidelity Canadian High on December 22, 2025 and sold it today you would have earned a total of C$ 158.00 from holding Fidelity Canadian High or generated 4.45% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Fidelity Canadian High vs. RBC Quant Canadian
Performance |
| Timeline |
| Fidelity Canadian High |
Risk-Adjusted Performance
Moderate
Weak | Strong |
| RBC Quant Canadian |
Risk-Adjusted Performance
Weak
Weak | Strong |
Fidelity Canadian and RBC Quant Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Fidelity Canadian and RBC Quant
Two-leg strategies using Fidelity Canadian and RBC Quant matter because the combined position can be designed to be more market-neutral. This is most useful when the two securities share economic drivers but still create room for relative-performance divergence.| Fidelity Canadian vs. Fidelity High Dividend | Fidelity Canadian vs. RBC Quant Canadian | Fidelity Canadian vs. iShares MSCI Europe | Fidelity Canadian vs. Fidelity International High |
| RBC Quant vs. RBC Quant Dividend | RBC Quant vs. RBC Quant Dividend | RBC Quant vs. Fidelity Canadian High | RBC Quant vs. iShares MSCI Europe |
Go to your portfolio centerThe analysis presented here should support, not replace, the broader process of selecting and combining portfolio holdings. The practical goal is to improve the mix of assets already under consideration. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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