Fidelity Managed Correlations

Mutual Funds . USA . 
Fund . Fidelity Managed Retirement
FRKMX Fund  USD 56.55  0.10  0.18%   
The current 90-days correlation between Fidelity Managed Ret and Columbia Real Estate is 0.52 (i.e., Very weak diversification). The correlation of Fidelity Managed 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.

Fidelity Managed Correlation With Market

Weak diversification

The correlation between Fidelity Managed Retirement and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Managed Retirement and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Managed Retirement. 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 population.

Moving together with Fidelity Mutual Fund

  0.92FPTKX Fidelity Freedom 2015PairCorr
  0.68FPXTX Fidelity PennsylvaniaPairCorr
  0.98FRASX Fidelity Income ReplPairCorr
  0.61FRESX Fidelity Real EstatePairCorr
  1.0FRIMX Fidelity Income ReplPairCorr
  0.8FRINX Fidelity Real EstatePairCorr
  0.83FRIOX Fidelity Real EstatePairCorr
  0.8FRIQX Fidelity Real EstatePairCorr
  1.0FRHMX Fidelity Managed RetPairCorr
  0.79FRIRX Fidelity Real EstatePairCorr
  0.76FROGX Fidelity Municipal IncomePairCorr
  1.0FRQHX Fidelity Managed RetPairCorr
  1.0FRQIX Fidelity Income ReplPairCorr
  0.69FACTX Fidelity Advisor HealthPairCorr
  0.69FACDX Fidelity Advisor HealthPairCorr
  0.67FTF Franklin TempletonPairCorr
  0.73FSAZX Fidelity Arizona MunPairCorr
  0.81FANCX Fidelity Short TermPairCorr

Moving against Fidelity Mutual Fund

  0.5FAFSX Fidelity Advisor FinPairCorr
  0.5FAFDX Fidelity Advisor FinPairCorr
  0.38FRPCX Fidelity Sai AlternativePairCorr
  0.36FADTX Fidelity Advisor TecPairCorr
  0.31FALIX Fidelity Advisor LargePairCorr
  0.42FSCSX Software And ItPairCorr
  0.36FSAWX Fidelity Sai ConvertiblePairCorr
  0.36FATEX Fidelity Advisor TecPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Managed Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fidelity Managed's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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