Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom 2015
FFVFX Fund  USD 11.60  0.08  0.69%   
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 2015 and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2015 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 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

  1.0FPTKX Fidelity Freedom 2015PairCorr
  0.71FPURX Fidelity PuritanPairCorr
  0.7FPUKX Fidelity PuritanPairCorr
  0.69FPXTX Fidelity PennsylvaniaPairCorr
  0.99FQIFX Fidelity Freedom IndexPairCorr
  0.88FQIPX Fidelity Freedom IndexPairCorr
  0.75FQITX Fidelity Salem StreetPairCorr
  0.96FQLSX Fidelity Flex FreedomPairCorr
  0.78FRAGX Aggressive GrowthPairCorr
  0.98FRAMX Fidelity Income ReplPairCorr
  0.99FRASX Fidelity Income ReplPairCorr
  0.81FRGAX Growth Allocation IndexPairCorr
  0.81FRESX Fidelity Real EstatePairCorr
  0.91FRIFX Fidelity Real EstatePairCorr
  0.98FRIMX Fidelity Income ReplPairCorr
  0.9FRINX Fidelity Real EstatePairCorr
  0.89FRIOX Fidelity Real EstatePairCorr
  0.9FRIQX Fidelity Real EstatePairCorr
  0.98FRHMX Fidelity Managed RetPairCorr
  0.98FRKMX Fidelity Managed RetPairCorr
  0.9FRIRX Fidelity Real EstatePairCorr
  0.88FRLPX Fidelity Freedom IndexPairCorr
  0.76FROGX Fidelity Municipal IncomePairCorr
  0.98FRQHX Fidelity Managed RetPairCorr
  0.98FRQIX Fidelity Income ReplPairCorr
  0.98FRQKX Fidelity Managed RetPairCorr
  0.98FRQAX Fidelity Income ReplPairCorr
  0.93FAASX Fidelity Asset ManagerPairCorr
  0.93FAAIX Fidelity Asset ManagerPairCorr
  0.66FACVX Fidelity ConvertiblePairCorr
  0.77FACTX Fidelity Advisor HealthPairCorr
  0.8FACNX Fidelity CanadaPairCorr
  0.99FACFX Fidelity Advisor FreedomPairCorr
  0.77FACDX Fidelity Advisor HealthPairCorr
  0.68FADTX Fidelity Advisor TecPairCorr

Moving against Fidelity Mutual Fund

  0.58FRPCX 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
+ 1.0
FFFCX
FFTHX
+ 0.99
FFTWX
FFFCX
+ 0.97
FFTWX
FFTHX
+ 0.97
FFFCX
FFFAX
+ 0.96
FFTWX
FFFAX
+ 0.96
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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