Fidelity Flex Correlations

Mutual Funds USA . 
Fund . Fidelity Flex Freedom
FJLSX Fund  USD 12.98  0.01  0.08%   
The current 90-days correlation between Fidelity Flex Freedom and Fidelity Freedom Index is -0.07 (i.e., Good diversification). The correlation of Fidelity Flex 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 Flex Correlation With Market

Poor diversification

The correlation between Fidelity Flex Freedom and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Flex Freedom 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 Flex Freedom. 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 state.

Moving together with FIDELITY Mutual Fund

  0.7FPTKX Fidelity Freedom 2015PairCorr
  0.73FPURX Fidelity PuritanPairCorr
  0.79FPUKX Fidelity PuritanPairCorr
  0.84FQIFX Fidelity Freedom IndexPairCorr
  0.87FQIPX Fidelity Freedom IndexPairCorr
  0.97FQLSX Fidelity Flex FreedomPairCorr
  0.83FRAGX Aggressive GrowthPairCorr
  0.62FRASX Fidelity Income ReplPairCorr
  0.86FRGAX Growth Allocation IndexPairCorr
  0.87FRLPX Fidelity Freedom IndexPairCorr
  0.97FAASX Fidelity Asset ManagerPairCorr
  0.97FAAIX Fidelity Asset ManagerPairCorr
  0.75FABLX Fidelity Advisor BalancedPairCorr
  0.75FABCX Fidelity Advisor BalancedPairCorr
  0.66FACPX Fidelity Advisor SumerPairCorr
  0.85FACNX Fidelity CanadaPairCorr
  0.72FACGX Fidelity Advisor GrowthPairCorr

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 Flex 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 Flex'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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