Gold Portfolio Correlations
| FSAGX Fund | USD 27.48 0.13 0.48% |
The current 90-days correlation between Gold Portfolio Gold and Fidelity Select Portfolios is 0.04 (i.e., Significant diversification). The correlation of Gold 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.
Gold Portfolio Correlation With Market
Significant diversification
The correlation between Gold Portfolio Gold and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gold Portfolio Gold and DJI in the same portfolio, assuming nothing else is changed.
Gold |
Related Correlations Analysis
| 0.83 | 0.56 | 0.63 | 0.62 | FSENX | ||
| 0.83 | 0.74 | 0.28 | 0.54 | FNARX | ||
| 0.56 | 0.74 | 0.44 | 0.78 | FSDPX | ||
| 0.63 | 0.28 | 0.44 | 0.63 | FSRBX | ||
| 0.62 | 0.54 | 0.78 | 0.63 | FSUTX | ||
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Risk-Adjusted Indicators
There is a big difference between Gold Mutual Fund performing well and Gold Portfolio 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 Gold Portfolio'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSENX | 0.94 | (0.04) | (0.05) | 0.07 | 1.30 | 2.07 | 5.82 | |||
| FNARX | 0.87 | (0.08) | 0.00 | (0.04) | 0.00 | 1.75 | 4.71 | |||
| FSDPX | 0.76 | (0.05) | (0.07) | 0.07 | 0.87 | 1.62 | 4.25 | |||
| FSRBX | 1.25 | 0.02 | 0.12 | 0.14 | 1.02 | 2.79 | 15.45 | |||
| FSUTX | 0.83 | 0.17 | 0.08 | 0.70 | 0.77 | 1.87 | 5.83 |