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Strategies & Market Trends : Fidelity Select Sector funds

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To: Larry Dambra who wrote (370)11/5/1997 8:25:00 PM
From: bob smith  Read Replies (2) of 4916
 
Larry,

>>If you take Fido's top ten holdings for each Select Fund,
plot them in aggregate against the fund's performance the correlation is very, very high.<<

If I understand you correctly, I think I'm using the same technique. But let me tell you, this is not really an exact science...<g>

For example; the top ten of FBIOX today went up only .37% but to my surprize at the end of the day,the fund wound up a hefty 1.64%

This reminds me of the universe.. It's the "DARK MATTER" that matters...:-)


Bob
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