Correlation Between Fidelity Sai and Channing Intrinsic

Can any of the company-specific risk be diversified away by investing in both Fidelity Sai and Channing Intrinsic at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Fidelity Sai and Channing Intrinsic into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Fidelity Sai International and Channing Intrinsic Value, you can compare the effects of market volatilities on Fidelity Sai and Channing Intrinsic and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Fidelity Sai with a short position of Channing Intrinsic. Check out your portfolio center. Please also check ongoing floating volatility patterns of Fidelity Sai and Channing Intrinsic.

Diversification Opportunities for Fidelity Sai and Channing Intrinsic

0.88

Correlation Coefficient

Fidelity Sai  Channing Intrinsic

Very poor diversification

The 3 months correlation between Fidelity and Channing is 0.88. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Sai International and Channing Intrinsic Value in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Channing Intrinsic Value and Fidelity Sai 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 Sai International are associated (or correlated) with Channing Intrinsic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Channing Intrinsic Value has no effect on the direction of Fidelity Sai i.e., Fidelity Sai and Channing Intrinsic go up and down completely randomly.

Pair Corralation between Fidelity Sai and Channing Intrinsic

Assuming the 90 days horizon Fidelity Sai International is expected to generate 0.6 times more return on investment than Channing Intrinsic. However, Fidelity Sai International is 1.66 times less risky than Channing Intrinsic. It trades about 0.18 of its potential returns per unit of risk. Channing Intrinsic Value is currently generating about 0.1 per unit of risk. If you would invest  983.00  in Fidelity Sai International on July 7, 2025 and sell it today you would earn a total of  73.00  from holding Fidelity Sai International or generate 7.43% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Strong
Accuracy	100.0%
Values	Daily Returns

Fidelity Sai International  vs.  Channing Intrinsic Value

Fidelity Sai Interna

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Sai International are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Fidelity Sai may actually be approaching a critical reversion point that can send shares even higher in November 2025.

Channing Intrinsic Value

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Channing Intrinsic Value are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak essential indicators, Channing Intrinsic may actually be approaching a critical reversion point that can send shares even higher in November 2025.

Pair Trading with Fidelity Sai and Channing Intrinsic

The main advantage of trading using opposite Fidelity Sai and Channing Intrinsic positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Fidelity Sai position performs unexpectedly, Channing Intrinsic can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Channing Intrinsic will offset losses from the drop in Channing Intrinsic's long position.

The idea behind Fidelity Sai International and Channing Intrinsic Value pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.