Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FBIFX Fund  USD 25.19  0.33  1.33%   
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

Good diversification

The correlation between Fidelity Freedom Index and DJI is -0.1 (i.e., Good 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

  0.86FPTKX Fidelity Freedom 2015PairCorr
  0.93FPURX Fidelity PuritanPairCorr
  0.87FPUKX Fidelity PuritanPairCorr
  0.67FPXTX Fidelity PennsylvaniaPairCorr
  0.99FQIFX Fidelity Freedom IndexPairCorr
  0.91FQIPX Fidelity Freedom IndexPairCorr
  0.62FQITX Fidelity Salem StreetPairCorr
  0.91FQLSX Fidelity Flex FreedomPairCorr
  1.0FRBDX Fidelity Freedom 2070PairCorr
  1.0FRBEX Fidelity Freedom 2070PairCorr
  1.0FRBUX Fidelity Freedom IndexPairCorr
  0.91FRAGX Aggressive GrowthPairCorr
  0.73FRAMX Fidelity Income ReplPairCorr
  0.83FRASX Fidelity Income ReplPairCorr
  1.0FRCHX Fidelity Freedom BlendPairCorr
  1.0FRCLX Fidelity Freedom BlendPairCorr
  1.0FRCQX Fidelity SustainablePairCorr
  1.0FRDDX Fidelity SustainablePairCorr
  0.87FRESX Fidelity Real EstatePairCorr
  0.69FRIFX Fidelity Real EstatePairCorr
  0.72FRIMX Fidelity Income ReplPairCorr
  0.77FRIOX Fidelity Real EstatePairCorr
  0.76FRIQX Fidelity Real EstatePairCorr
  0.76FRIRX Fidelity Real EstatePairCorr
  0.91FRLPX Fidelity Freedom IndexPairCorr
  0.75FRQHX Fidelity Managed RetPairCorr
  0.75FRQIX Fidelity Income ReplPairCorr
  0.91FAASX Fidelity Asset ManagerPairCorr
  1.0FAAIX Fidelity Asset ManagerPairCorr
  0.9FACTX Fidelity Advisor HealthPairCorr
  0.83FACPX Fidelity Advisor SumerPairCorr
  0.9FACDX Fidelity Advisor HealthPairCorr
  0.86FADTX Fidelity Advisor TecPairCorr
  0.88FADMX Fidelity Advisor StrPairCorr
  0.94FAEGX Fidelity Advisor EquityPairCorr
  0.88FAFSX Fidelity Advisor FinPairCorr
  0.9FAFFX Fidelity Advisor FreedomPairCorr
  0.88FAFDX Fidelity Advisor FinPairCorr

Moving against Fidelity Mutual Fund

  0.52FSAGX Gold Portfolio GoldPairCorr

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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