Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FIHFX Fund  USD 24.03  0.15  0.63%   
The current 90-days correlation between Fidelity Freedom Index and Fidelity Freedom Index is 0.99 (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 0.4 (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 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 census.

Moving together with Fidelity Mutual Fund

  0.69FSLEX Environment And AltePairCorr
  0.8FSKAX Fidelity Total MarketPairCorr
  0.79FSMAX Fidelity Extended MarketPairCorr
  0.65FSPSX Fidelity InternationalPairCorr
  0.82FSSNX Fidelity Small CapPairCorr
  0.7FCLCX Fidelity Advisor IndPairCorr
  0.72FCLAX Fidelity Advisor IndPairCorr
  0.78FXAIX Fidelity 500 IndexPairCorr
  0.81FXNAX Fidelity Bond IndexPairCorr
  0.82FGWMX Fidelity New MarketsPairCorr
  0.83FGVMX Fidelity New MarketsPairCorr
  0.73FHNFX Fidelity Series GovePairCorr
  0.62FZABX Fidelity Advisor DivPairCorr
  0.88FHRVX Fidelity Managed RetPairCorr
  0.98FHZDX Fidelity Freedom BlendPairCorr
  0.79FIKBX Fidelity Advisor FinPairCorr
  0.99VTTHX Vanguard Target RetiPairCorr
  0.87AAFTX American Funds 2035PairCorr
  0.87FAQTX American Funds 2035PairCorr
  0.76CCFTX American Funds 2035PairCorr
  0.97FFTHX Fidelity Freedom 2035PairCorr
  0.97FWTKX Fidelity Freedom 2035PairCorr
  0.97FSNUX Fidelity Freedom 2035PairCorr
  0.96TRFJX T Rowe PricePairCorr
  1.0FNIPX Fidelity Freedom IndexPairCorr
  0.77GPBFX Gmo E PlusPairCorr
  0.94WARCX Wells Fargo AdvantagePairCorr
  0.87DFEOX Us E EquityPairCorr

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.

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