Fidelity Freedom Correlations
| FHSPX Fund | USD 10.80 0.00 0.00% |
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 |
Moving against FIDELITY Mutual Fund
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LHCCX | 0.75 | (0.10) | 0.00 | (0.02) | 0.00 | 1.50 | 5.15 | |||
| SHPCX | 0.61 | (0.16) | 0.00 | (0.19) | 0.00 | 0.96 | 4.21 | |||
| JEHSX | 0.84 | (0.28) | 0.00 | (0.24) | 0.00 | 1.15 | 9.00 | |||
| SCHLX | 0.55 | (0.11) | 0.00 | (0.75) | 0.00 | 0.89 | 3.08 | |||
| LOGSX | 0.60 | (0.15) | 0.00 | (0.16) | 0.00 | 1.02 | 3.97 | |||
| BGHDX | 0.90 | (0.19) | 0.00 | (0.77) | 0.00 | 1.34 | 6.08 | |||
| RAGHX | 0.62 | (0.10) | 0.00 | (0.50) | 0.00 | 0.96 | 3.33 | |||
| ETCHX | 1.05 | (0.18) | 0.00 | (0.06) | 0.00 | 2.25 | 7.56 |