Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2045
FFFGX Fund  USD 14.08  0.05  0.36%   
The current 90-days correlation between Fidelity Freedom 2045 and Vanguard Target Retirement is 0.98 (i.e., Almost no 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

Almost no diversification

The correlation between Fidelity Freedom 2045 and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2045 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 2045. 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 price.

Moving together with Fidelity Mutual Fund

  0.95FPTKX Fidelity Freedom 2015PairCorr
  0.86FPURX Fidelity PuritanPairCorr
  0.95FPUKX Fidelity PuritanPairCorr
  0.87FQIFX Fidelity Freedom IndexPairCorr
  0.97FQIPX Fidelity Freedom IndexPairCorr
  0.9FRBQX Fidelity Flex FreedomPairCorr
  0.89FRBVX Fidelity Freedom IndexPairCorr
  0.81FRIMX Fidelity Income ReplPairCorr
  0.8FRHMX Fidelity Managed RetPairCorr
  0.62FRIRX Fidelity Real EstatePairCorr
  0.98FRLPX Fidelity Freedom IndexPairCorr
  0.67FRQIX Fidelity Income ReplPairCorr
  0.89FACVX Fidelity ConvertiblePairCorr
  0.67FACTX Fidelity Advisor HealthPairCorr
  0.76FACFX Fidelity Advisor FreedomPairCorr
  0.67FACDX Fidelity Advisor HealthPairCorr
  0.95FAFSX Fidelity Advisor FinPairCorr
  0.95FAFCX Fidelity Advisor FinPairCorr
  0.98FRYBX Fidelity BalancedPairCorr
  0.78FAGNX Fidelity Advisor EnergyPairCorr
  0.89FAGIX Fidelity Capital IncomePairCorr
  0.94FTF Franklin TempletonPairCorr
  0.82FSAVX Automotive PortfolioPairCorr
  0.78FANIX Fidelity Advisor EnergyPairCorr
  0.71FSCHX Chemicals PortfolioPairCorr
  0.81FSCPX Consumer DiscretionaryPairCorr
  0.85FAPHX Fidelity Summer StreetPairCorr
  0.72FAOSX Fidelity Advisor OverseasPairCorr
  0.86FSELX Fidelity Select SemiPairCorr
  0.81FARVX Fidelity Income ReplPairCorr
  0.86FSDIX Fidelity StrategicPairCorr
  0.93FASOX Fidelity Advisor ValuePairCorr
  0.82FSHGX Fidelity Sai HighPairCorr
  0.93FATEX Fidelity Advisor TecPairCorr
  0.87FSJHX Fidelity Stock SelectorPairCorr
  0.92FSHOX Construction And HousingPairCorr

Moving against Fidelity Mutual Fund

  0.49FSTZX Fidelity Series 0PairCorr

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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