Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2015
FFVFX Fund  USD 11.84  0.01  0.08%   
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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Freedom 2015. 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 census.

Moving together with Fidelity Mutual Fund

  0.89FPTKX Fidelity Freedom 2015PairCorr
  0.95FQIFX Fidelity Freedom IndexPairCorr
  0.62FQIPX Fidelity Freedom IndexPairCorr
  0.61FQITX Fidelity Salem StreetPairCorr
  0.8FRAMX Fidelity Income ReplPairCorr
  0.86FRASX Fidelity Income ReplPairCorr
  0.67FRIFX Fidelity Real EstatePairCorr
  0.92FRIMX Fidelity Income ReplPairCorr
  0.67FRINX Fidelity Real EstatePairCorr
  0.81FRHMX Fidelity Managed RetPairCorr
  0.81FRKMX Fidelity Managed RetPairCorr
  0.67FRIRX Fidelity Real EstatePairCorr
  0.62FRLPX Fidelity Freedom IndexPairCorr
  0.61FROGX Fidelity Municipal IncomePairCorr
  0.82FRQHX Fidelity Managed RetPairCorr
  0.81FRQIX Fidelity Income ReplPairCorr
  0.82FRQKX Fidelity Managed RetPairCorr
  0.81FRQAX Fidelity Income ReplPairCorr
  0.61FAASX Fidelity Asset ManagerPairCorr
  0.66FAAIX Fidelity Asset ManagerPairCorr
  0.61FACTX Fidelity Advisor HealthPairCorr
  0.85FACFX Fidelity Advisor FreedomPairCorr

Moving against Fidelity Mutual Fund

  0.45FRPDX Fidelity Sai AlternativePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FFFAX
+ 0.98
FFFCX
FFTHX
+ 0.94
FFTWX
FFFCX
+ 0.87
FFTWX
FFFAX
+ 0.76
FFTWX
FFTHX
+ 0.64
FFFCX
FFFAX
+ 0.48
FFTHX
  
High negative correlations   
FFFAX
- 0.0
FFFVX
FFTHX
- 0.0
FFFVX
FFFCX
- 0.0
FFFVX
FFTWX
- 0.0
FFFVX

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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