Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2010
FFFCX Fund  USD 14.79  0.01  0.07%   
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 2010 and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2010 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 2010. 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 banks.

Moving together with Fidelity Mutual Fund

  1.0FPTKX Fidelity Freedom 2015PairCorr
  0.99FPURX Fidelity PuritanPairCorr
  0.75FPUKX Fidelity PuritanPairCorr
  0.61FPXTX Fidelity PennsylvaniaPairCorr
  0.99FQIFX Fidelity Freedom IndexPairCorr
  0.85FQIPX Fidelity Freedom IndexPairCorr
  0.71FRBDX Fidelity Freedom 2070PairCorr
  0.71FRBEX Fidelity Freedom 2070PairCorr
  0.98FRBHX Fidelity Freedom 2070PairCorr
  0.98FRBKX Fidelity Advisor FreedomPairCorr
  0.7FRBOX Fidelity Advisor FreedomPairCorr
  0.71FRBQX Fidelity Flex FreedomPairCorr
  0.71FRBUX Fidelity Freedom IndexPairCorr
  0.85FRBVX Fidelity Freedom IndexPairCorr
  0.85FRBWX Fidelity Freedom IndexPairCorr
  0.71FRBZX Fidelity Freedom BlendPairCorr
  0.98FRAGX Aggressive GrowthPairCorr
  0.88FRAMX Fidelity Income ReplPairCorr
  0.71FRCFX Fidelity Freedom BlendPairCorr
  0.71FRCHX Fidelity Freedom BlendPairCorr
  0.71FRCLX Fidelity Freedom BlendPairCorr
  0.71FRCNX Fidelity Freedom BlendPairCorr
  0.7FRCRX Fidelity SustainablePairCorr
  0.7FRCWX Fidelity SustainablePairCorr
  0.7FRCYX Fidelity SustainablePairCorr
  0.97FRDCX Fidelity SustainablePairCorr
  0.7FRDDX Fidelity SustainablePairCorr
  0.72FRGAX Growth Allocation IndexPairCorr
  0.96FRIFX Fidelity Real EstatePairCorr
  0.68FRINX Fidelity Real EstatePairCorr
  0.72FRIOX Fidelity Real EstatePairCorr
  0.7FRIQX Fidelity Real EstatePairCorr
  0.72FRHMX Fidelity Managed RetPairCorr
  0.88FRKMX Fidelity Managed RetPairCorr
  0.68FRIRX Fidelity Real EstatePairCorr
  0.85FRLPX Fidelity Freedom IndexPairCorr
  0.65FROGX Fidelity Municipal IncomePairCorr
  0.72FRQHX Fidelity Managed RetPairCorr

Related Correlations Analysis


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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