Fidelity Flex Correlations

Mutual Funds . USA . 
Fund . Fidelity Flex Freedom
FTLSX Fund  USD 10.26  0.03  0.29%   
The current 90-days correlation between Fidelity Flex Freedom and Specialized Technology Fund is 0.03 (i.e., Significant 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

Almost no diversification

The correlation between Fidelity Flex Freedom and DJI is 0.91 (i.e., Almost no 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 real.

Moving together with Fidelity Mutual Fund

  0.93FRDDX Fidelity SustainablePairCorr
  1.0FRIMX Fidelity Income ReplPairCorr
  1.0FRQIX Fidelity Income ReplPairCorr
  0.99FAAIX Fidelity Asset ManagerPairCorr
  0.92FACVX Fidelity VertiblePairCorr
  0.85FACNX Fidelity CanadaPairCorr
  0.95FAGIX Fidelity Capital IncomePairCorr
  0.91FTF Franklin TempletonPairCorr
  0.91FAHDX Fidelity Advisor HighPairCorr
  0.92FAMKX Fidelity Advisor EmergingPairCorr
  0.88FSAGX Gold Portfolio GoldPairCorr
  0.99FSANX Fidelity Asset ManagerPairCorr
  0.91FSAWX Fidelity Sai ConvertiblePairCorr
  0.8FAMZX Fidelity Advisor SusPairCorr
  0.98FAMRX Fidelity Asset ManagerPairCorr
  0.9FSCRX Fidelity Small CapPairCorr
  0.89FSDAX Defense And Aerospace Potential GrowthPairCorr
  0.79FSBDX Fidelity Series BluePairCorr
  0.99FAPIX Fidelity Freedom IndexPairCorr
  0.81FAPGX Fidelity Sustainable LowPairCorr
  0.94FSELX Fidelity Select SemiPairCorr
  0.84FARMX Strategic AdvisersPairCorr
  0.89FASNX Fidelity Advisor SusPairCorr
  0.99FASMX Fidelity Asset ManagerPairCorr
  0.87FASLX Fidelity Advisor SusPairCorr
  1.0FASIX Fidelity Asset ManagerPairCorr
  0.9FSIKX Fidelity SustainablePairCorr
  0.83FSLEX Environment And AltePairCorr
  0.96FSLSX Fidelity Advisor ValuePairCorr
  0.82FAYZX Fidelity Advisor MultiPairCorr
  0.91FSLVX Fidelity Stock SelectorPairCorr
  0.84FSMJX Fidelity Sai ConservativePairCorr
  0.85FSMNX Fidelity Sai MunicipalPairCorr
  0.94FSMVX Fidelity Mid CapPairCorr
  0.97FSPSX Fidelity InternationalPairCorr
  0.74FSPTX Technology PortfolioPairCorr
  0.73FBGRX Fidelity Blue ChipPairCorr

Related Correlations Analysis


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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