Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FQIFX Fund  USD 19.34  0.01  0.05%   
The current 90-days correlation between Fidelity Freedom Index and Fidelity Freedom Index is 1.0 (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

Poor diversification

The correlation between Fidelity Freedom Index and DJI is 0.63 (i.e., Poor 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

  0.98AADTX American Funds 2025PairCorr
  0.89FAPTX American Funds 2025PairCorr
  0.88FSNPX Fidelity Freedom 2025PairCorr
  0.99FFTWX Fidelity Freedom 2025PairCorr
  0.88FDTKX Fidelity Freedom 2025PairCorr
  0.76TREHX T Rowe PricePairCorr
  0.77PARJX T Rowe PricePairCorr
  0.77MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.63HD Home DepotPairCorr
  0.71MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.68IBM International Business Fiscal Year End 22nd of January 2025 PairCorr
  0.61VZ Verizon Communications Aggressive PushPairCorr
  0.82DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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