| FDCPX Fund | | | USD 115.48 0.91 0.79% |
The current 90-days correlation between Computers Portfolio and Fidelity Select Semiconductors is 0.85 (i.e., Very poor diversification). The correlation of Computers Portfolio 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.
Computers Portfolio Correlation With Market
Significant diversification
The correlation between Computers Portfolio Puters and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Computers Portfolio Puters and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Computers Portfolio Puters. 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 american community survey.