Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2030
FFFEX Fund  USD 17.99  0.17  0.95%   
The current 90-days correlation between Fidelity Freedom 2030 and Fidelity Freedom 2020 is 0.96 (i.e., Almost no 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

Very weak diversification

The correlation between Fidelity Freedom 2030 and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2030 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 2030. 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 income.

Moving together with Fidelity Mutual Fund

  0.78FPURX Fidelity PuritanPairCorr
  0.71FPXTX Fidelity PennsylvaniaPairCorr
  0.96FQLSX Fidelity Flex FreedomPairCorr
  0.69FACDX Fidelity Advisor HealthPairCorr
  0.66FADTX Fidelity Advisor TecPairCorr
  0.89FAIDX Fidelity InternationalPairCorr
  0.75FSAZX Fidelity Arizona MunPairCorr
  0.76FSCDX Fidelity Advisor SmallPairCorr
  0.67FSCSX Software And ItPairCorr
  0.73FSEBX Fidelity Advisor SusPairCorr
  0.84FSJPX Fidelity Sai JapanPairCorr
  0.75FSLSX Fidelity Advisor ValuePairCorr
  0.99FSNQX Fidelity Freedom 2030PairCorr
  0.71FSPHX Health Care PortfolioPairCorr
  0.73FSPSX Fidelity InternationalPairCorr
  0.74FSPTX Technology PortfolioPairCorr
  0.83FBALX Fidelity BalancedPairCorr
  0.75FSTCX TelecommunicationsPairCorr
  0.89FTASX Fidelity Asset ManagerPairCorr
  0.66FBSOX It Services PortfolioPairCorr
  0.8FTQGX Fidelity Focused StockPairCorr
  0.83FTSDX Fidelity StrategicPairCorr
  0.74FCAEX Fidelity Climate ActionPairCorr
  0.67FTRNX Fidelity TrendPairCorr

Related Correlations Analysis

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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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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