Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FLIFX Fund  USD 14.44  0.08  0.56%   
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 0.41 (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

  0.7FPURX Fidelity PuritanPairCorr
  0.7FPXTX Fidelity PennsylvaniaPairCorr
  0.97FQLSX Fidelity Flex FreedomPairCorr
  0.82FRESX Fidelity Real EstatePairCorr
  0.87FRIFX Fidelity Real EstatePairCorr
  0.93FRQIX Fidelity Income ReplPairCorr
  0.98FAASX Fidelity Asset ManagerPairCorr
  0.98FAAIX Fidelity Asset ManagerPairCorr
  0.78FACNX Fidelity CanadaPairCorr
  0.81FACDX Fidelity Advisor HealthPairCorr
  0.76FADTX Fidelity Advisor TecPairCorr
  0.81FAIDX Fidelity InternationalPairCorr
  0.97FSAAX Fidelity Asset ManagerPairCorr
  0.75FSAZX Fidelity Arizona MunPairCorr
  0.96FAMRX Fidelity Asset ManagerPairCorr
  0.87FSCDX Fidelity Advisor SmallPairCorr
  0.76FAOIX Fidelity Advisor OverseasPairCorr
  0.88FSCOX Fidelity InternationalPairCorr
  0.74FSCSX Software And ItPairCorr
  0.94FARVX Fidelity Income ReplPairCorr
  0.95FARFX Fidelity Income ReplPairCorr
  0.77FSEAX Fidelity Emerging AsiaPairCorr
  0.66FSEBX Fidelity Advisor SusPairCorr
  0.86FASPX Fidelity Advisor ValuePairCorr
  0.98FASMX Fidelity Asset ManagerPairCorr
  0.9FASIX Fidelity Asset ManagerPairCorr
  0.98FASGX Fidelity Asset ManagerPairCorr
  0.73FATIX Fidelity Advisor TecPairCorr
  0.76FSJPX Fidelity Sai JapanPairCorr

Moving against Fidelity Mutual Fund

  0.36FSAWX Fidelity Sai ConvertiblePairCorr

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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