Correlation Between Fidelity International and RBC Quant
The relationship between Fidelity International High and RBC Quant Canadian reflects how their returns move relative to each other. The relationship is expressed in terms of diversifiable risk within a combined setting.
Tracking Fidelity International High and RBC Quant Canadian as a pair can estimate downside spillover during broad market drawdowns. The comparison frames co-movement across different time windows and market conditions. Go to your portfolio center
Diversification Opportunities for Fidelity International and RBC Quant
0.13 | Correlation Coefficient |
Average diversification
The 3 months correlation between Fidelity and RBC is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity International 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 International 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 International 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 International i.e., Fidelity International and RBC Quant go up and down completely randomly.
Pair Corralation between Fidelity International and RBC Quant
Assuming the 90-day trading horizon Fidelity International High is expected to generate 0.65 times more return on investment than RBC Quant. However, Fidelity International High is 1.53 times less risky than RBC Quant. It trades about 0.09 of its potential returns per unit of risk. RBC Quant Canadian is currently generating about -0.06 per unit of risk. If you had invested C$ 3,296 in Fidelity International High on December 20, 2025 and sold it today you would have earned a total of C$ 152.00 from holding Fidelity International High or generated 4.61% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Fidelity International High vs. RBC Quant Canadian
Performance |
| Timeline |
| Fidelity International |
Risk-Adjusted Performance
Contained
Weak | Strong |
| RBC Quant Canadian |
Risk-Adjusted Performance
Weak
Weak | Strong |
Fidelity International and RBC Quant Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Fidelity International and RBC Quant
Two-leg strategies using Fidelity International and RBC Quant matter because the combined position can be designed to be more market-neutral. The objective is to profit from relative movement while reducing dependence on the market's overall direction.| 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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