Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FAPIX Fund  USD 11.82  0.02  0.17%   
The current 90-days correlation between Fidelity Freedom Index and Guidemark Large Cap is 0.58 (i.e., Very weak diversification). The correlation of Fidelity Freedom 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 Freedom Correlation With Market

Weak diversification

The correlation between Fidelity Freedom Index and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom Index 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 Freedom Index. 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 gross domestic product.

Moving together with Fidelity Mutual Fund

  0.95FPTKX Fidelity Freedom 2015PairCorr
  0.87FPURX Fidelity PuritanPairCorr
  0.87FPUKX Fidelity PuritanPairCorr
  0.78FPXTX Fidelity PennsylvaniaPairCorr
  0.94FQIFX Fidelity Freedom IndexPairCorr
  0.94FQIPX Fidelity Freedom IndexPairCorr
  0.67FQITX Fidelity Salem StreetPairCorr
  0.91FQLSX Fidelity Flex FreedomPairCorr
  0.9FRAGX Aggressive GrowthPairCorr
  0.98FRAMX Fidelity Income ReplPairCorr
  0.98FRASX Fidelity Income ReplPairCorr
  0.82FRIFX Fidelity Real EstatePairCorr
  0.98FRIMX Fidelity Income ReplPairCorr
  0.82FRINX Fidelity Real EstatePairCorr
  0.79FRIOX Fidelity Real EstatePairCorr
  0.82FRIQX Fidelity Real EstatePairCorr
  0.99FRHMX Fidelity Managed RetPairCorr
  0.98FRKMX Fidelity Managed RetPairCorr
  0.82FRIRX Fidelity Real EstatePairCorr
  0.94FRLPX Fidelity Freedom IndexPairCorr
  0.81FROGX Fidelity Municipal IncomePairCorr
  0.99FRQHX Fidelity Managed RetPairCorr
  0.98FRQIX Fidelity Income ReplPairCorr
  0.98FRQKX Fidelity Managed RetPairCorr
  0.98FRQAX Fidelity Income ReplPairCorr
  0.8FAASX Fidelity Asset ManagerPairCorr
  0.8FAAIX Fidelity Asset ManagerPairCorr
  0.74FACVX Fidelity ConvertiblePairCorr
  0.72FACPX Fidelity Advisor SumerPairCorr
  0.88FACFX Fidelity Advisor FreedomPairCorr
  0.88FADMX Fidelity Advisor StrPairCorr
  0.64FADIX Fidelity Advisor DivPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Freedom 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 Freedom'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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