Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom Blend
FJAVX Fund  USD 9.94  0.07  0.70%   
The current 90-days correlation between Fidelity Freedom Blend and Hartford Healthcare Hls is 0.08 (i.e., Significant diversification). 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

Modest diversification

The correlation between Fidelity Freedom Blend and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom Blend 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 Blend. 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 real.

Moving together with Fidelity Mutual Fund

  1.0FPTKX Fidelity Freedom 2015PairCorr
  0.99FQIFX Fidelity Freedom IndexPairCorr
  0.9FQIPX Fidelity Freedom IndexPairCorr
  0.65FQITX Fidelity Salem StreetPairCorr
  0.95FQLSX Fidelity Flex FreedomPairCorr
  0.79FRAGX Aggressive GrowthPairCorr
  0.98FRAMX Fidelity Income ReplPairCorr
  0.98FRASX Fidelity Income ReplPairCorr
  0.85FRGAX Growth Allocation IndexPairCorr
  0.84FRESX Fidelity Real EstatePairCorr
  0.83FRIFX Fidelity Real EstatePairCorr
  0.98FRIMX Fidelity Income ReplPairCorr
  0.81FRINX Fidelity Real EstatePairCorr
  0.83FRIOX Fidelity Real EstatePairCorr
  0.83FRIQX Fidelity Real EstatePairCorr
  0.98FRHMX Fidelity Managed RetPairCorr
  0.93FRKMX Fidelity Managed RetPairCorr
  0.81FRIRX Fidelity Real EstatePairCorr
  0.9FRLPX Fidelity Freedom IndexPairCorr
  0.64FROGX Fidelity Municipal IncomePairCorr
  0.98FRQHX Fidelity Managed RetPairCorr
  0.98FRQIX Fidelity Income ReplPairCorr
  0.93FRQKX Fidelity Managed RetPairCorr
  0.98FRQAX Fidelity Income ReplPairCorr
  0.95FAASX Fidelity Asset ManagerPairCorr
  0.88FAAIX Fidelity Asset ManagerPairCorr
  0.9FACTX Fidelity Advisor HealthPairCorr
  0.76FACNX Fidelity CanadaPairCorr
  1.0FACFX Fidelity Advisor FreedomPairCorr
  0.89FACDX Fidelity Advisor HealthPairCorr

Moving against Fidelity Mutual Fund

  0.66FRPCX Fidelity Sai AlternativePairCorr

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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