Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FFLEX Fund  USD 18.78  0.14  0.75%   
The current 90-days correlation between Fidelity Freedom Index and Fidelity Freedom Index is 1.0 (i.e., No risk reduction). 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 Index and DJI is 0.41 (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 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 income.

Moving together with Fidelity Mutual Fund

  0.89FPTKX Fidelity Freedom 2015PairCorr
  0.94FPURX Fidelity PuritanPairCorr
  0.94FPUKX Fidelity PuritanPairCorr
  0.64FPXTX Fidelity PennsylvaniaPairCorr
  0.88FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.62FQITX Fidelity Salem StreetPairCorr
  0.91FQLSX Fidelity Flex FreedomPairCorr
  0.99FRAGX Aggressive GrowthPairCorr
  0.9FRAMX Fidelity Income ReplPairCorr
  0.92FRASX Fidelity Income ReplPairCorr
  0.99FRGAX Growth Allocation IndexPairCorr
  0.69FRIFX Fidelity Real EstatePairCorr
  0.9FRIMX Fidelity Income ReplPairCorr
  0.68FRINX Fidelity Real EstatePairCorr
  0.65FRIOX Fidelity Real EstatePairCorr
  0.68FRIQX Fidelity Real EstatePairCorr
  0.91FRHMX Fidelity Managed RetPairCorr
  0.91FRKMX Fidelity Managed RetPairCorr
  0.68FRIRX Fidelity Real EstatePairCorr
  1.0FRLPX Fidelity Freedom IndexPairCorr
  0.65FROGX Fidelity Municipal IncomePairCorr
  0.91FRQHX Fidelity Managed RetPairCorr
  0.91FRQIX Fidelity Income ReplPairCorr
  0.91FRQKX Fidelity Managed RetPairCorr
  0.9FRQAX Fidelity Income ReplPairCorr
  0.74FAASX Fidelity Asset ManagerPairCorr
  0.75FAAIX Fidelity Asset ManagerPairCorr
  0.7FACVX Fidelity ConvertiblePairCorr
  0.77FACPX Fidelity Advisor SumerPairCorr
  0.62FACGX Fidelity Advisor GrowthPairCorr
  0.81FACFX Fidelity Advisor FreedomPairCorr

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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