Fidelity Freedom Correlations

FFOLX Fund  USD 28.70  0.13  0.46%   
The current 90-days correlation between Fidelity Freedom Index and Artisan High Income is 0.11 (i.e., Average 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.
  
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 bureau of economic analysis.

Moving together with Fidelity Mutual Fund

  0.65FPTKX Fidelity Freedom 2015PairCorr
  0.69FPURX Fidelity PuritanPairCorr
  0.69FPUKX Fidelity PuritanPairCorr
  0.65FQIFX Fidelity Freedom IndexPairCorr
  0.65FQIPX Fidelity Freedom IndexPairCorr
  0.65FQLSX Fidelity Flex FreedomPairCorr
  0.65FRBDX Fidelity Freedom 2070PairCorr
  0.65FRBEX Fidelity Freedom 2070PairCorr
  0.65FRBHX Fidelity Freedom 2070PairCorr
  0.65FRBJX Fidelity Advisor FreedomPairCorr
  0.65FRBKX Fidelity Advisor FreedomPairCorr
  0.65FRBLX Fidelity Advisor FreedomPairCorr
  1.0FRBOX Fidelity Advisor FreedomPairCorr
  0.65FRBPX Fidelity Advisor FreedomPairCorr
  0.65FRBQX Fidelity Flex FreedomPairCorr
  0.65FRBUX Fidelity Freedom IndexPairCorr
  1.0FRBVX Fidelity Freedom IndexPairCorr
  0.65FRBWX Fidelity Freedom IndexPairCorr
  0.65FRBYX Fidelity Freedom BlendPairCorr
  0.65FRBZX Fidelity Freedom BlendPairCorr
  0.66FRAGX Aggressive GrowthPairCorr
  0.63FRAMX Fidelity Income ReplPairCorr
  0.64FRASX Fidelity Income ReplPairCorr
  1.0FRCFX Fidelity Freedom BlendPairCorr
  0.65FRCHX Fidelity Freedom BlendPairCorr
  0.64FRCKX Fidelity Freedom BlendPairCorr
  0.65FRCLX Fidelity Freedom BlendPairCorr
  1.0FRCNX Fidelity Freedom BlendPairCorr
  1.0FRCPX Fidelity Freedom BlendPairCorr
  0.64FRCQX Fidelity SustainablePairCorr
  0.64FRCRX Fidelity SustainablePairCorr
  1.0FRCVX Fidelity SustainablePairCorr
  0.64FRCWX Fidelity SustainablePairCorr
  0.64FRCYX Fidelity SustainablePairCorr
  0.64FRDCX Fidelity SustainablePairCorr
  0.64FRDDX Fidelity SustainablePairCorr
  0.64FRDEX Fidelity SustainablePairCorr
  0.66FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis

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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.