Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2020
FFFDX Fund  USD 15.50  0.16  1.04%   
The current 90-days correlation between Fidelity Freedom 2020 and Fidelity Freedom 2010 is -0.11 (i.e., Good diversification). 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

Weak diversification

The correlation between Fidelity Freedom 2020 and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2020 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 2020. 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 national income and product accounts.

Moving together with Fidelity Mutual Fund

  0.62FPTKX Fidelity Freedom 2015PairCorr
  0.64FPURX Fidelity PuritanPairCorr
  0.99FPUKX Fidelity PuritanPairCorr
  0.91FQIFX Fidelity Freedom IndexPairCorr
  0.99FQIPX Fidelity Freedom IndexPairCorr
  0.99FQLSX Fidelity Flex FreedomPairCorr
  0.9FRBDX Fidelity Freedom 2070PairCorr
  0.9FRBHX Fidelity Freedom 2070PairCorr
  0.9FRBJX Fidelity Advisor FreedomPairCorr
  0.9FRBUX Fidelity Freedom IndexPairCorr
  0.65FRBVX Fidelity Freedom IndexPairCorr
  0.9FRBWX Fidelity Freedom IndexPairCorr
  0.99FRBYX Fidelity Freedom BlendPairCorr
  0.9FRBZX Fidelity Freedom BlendPairCorr
  0.64FRAGX Aggressive GrowthPairCorr
  0.91FRAMX Fidelity Income ReplPairCorr
  1.0FRASX Fidelity Income ReplPairCorr
  0.9FRCFX Fidelity Freedom BlendPairCorr
  0.64FRCHX Fidelity Freedom BlendPairCorr
  0.9FRCKX Fidelity Freedom BlendPairCorr
  0.9FRCNX Fidelity Freedom BlendPairCorr
  0.9FRCPX Fidelity Freedom BlendPairCorr
  0.89FRCRX Fidelity SustainablePairCorr
  0.98FRCYX Fidelity SustainablePairCorr
  0.95FRIFX Fidelity Real EstatePairCorr
  0.85FRIOX Fidelity Real EstatePairCorr
  0.9FRLPX Fidelity Freedom IndexPairCorr
  0.91FAASX Fidelity Asset ManagerPairCorr
  0.91FAAIX Fidelity Asset ManagerPairCorr
  0.87FACVX Fidelity ConvertiblePairCorr
  0.82FACPX Fidelity Advisor SumerPairCorr
  0.91FADTX Fidelity Advisor TecPairCorr
  0.78FAEVX Fidelity Advisor EquityPairCorr
  0.9FAEGX Fidelity Advisor EquityPairCorr
  0.74FAFSX Fidelity Advisor FinPairCorr
  0.64FAFFX Fidelity Advisor FreedomPairCorr

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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