Correlation Between Fidelity International and RBC Target
Return interaction between Fidelity International Value and RBC Target 2027 indicates how closely their price movements are linked. The interaction provides context on remaining diversifiable risk in a joint position.
Correlation trends for Fidelity International Value and RBC Target 2027 show when the pair behaves defensively and when it becomes directional. The correlation here is practical: it shows whether the pair can balance each other inside one portfolio. Go to your portfolio center
Diversification Opportunities for Fidelity International and RBC Target
0.83 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Fidelity and RBC is 0.83. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity International Value and RBC Target 2027 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on RBC Target 2027 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 Value are associated (or correlated) with RBC Target. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of RBC Target 2027 has no effect on the direction of Fidelity International i.e., Fidelity International and RBC Target go up and down completely randomly.
Pair Correlation Between Fidelity International and RBC Target
Assuming the 90-day trading horizon Fidelity International Value is expected to generate 9.36 times more return on investment than RBC Target. However, Fidelity International is 9.36 times more volatile than RBC Target 2027. It trades about 0.11 of its potential returns per unit of risk. RBC Target 2027 is currently generating about -0.03 per unit of risk. If you had invested C$ 4,572 in Fidelity International Value on December 27, 2025 and sold it today you would have earned a total of C$ 337.00 from holding Fidelity International Value or generated 7.37% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Fidelity International Value vs. RBC Target 2027
Performance |
| Timeline |
| Fidelity International |
Risk-Adjusted Performance
Moderate
Weak | Strong |
| RBC Target 2027 |
Risk-Adjusted Performance
Weak
Weak | Strong |
Fidelity International and RBC Target Volatility Contrast
Predicted Return Distribution |
| Density |
Pair Trading with Fidelity International and RBC Target
A paired position in Fidelity International and RBC Target is useful when investors want a more relative-value expression than a simple directional trade. Used correctly, the structure can help offset losses in one leg when unexpected sector or market pressure hits both names.| RBC Target vs. RBC Target 2026 | RBC Target vs. BMO Discount Bond | RBC Target vs. Purpose Global Bond | RBC Target vs. BMO Mid Federal |
Go to your portfolio centerThe information on this page should be treated as a complementary input when building or adjusting a diversified portfolio. The stronger workflow is to validate these signals with other models before acting. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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