Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FNIPX Fund  USD 25.57  0.05  0.20%   
The current 90-days correlation between Fidelity Freedom Index and Aew Real Estate is 0.03 (i.e., Significant 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

Very poor diversification

The correlation between Fidelity Freedom Index and DJI is 0.88 (i.e., Very poor 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 american community survey.

Moving together with Fidelity Mutual Fund

  1.0FPTKX Fidelity Freedom 2015PairCorr
  1.0FPURX Fidelity PuritanPairCorr
  1.0FPUKX Fidelity PuritanPairCorr
  1.0FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.8FQITX Fidelity Salem StreetPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  0.99FRBDX Fidelity Freedom 2070PairCorr
  0.99FRBHX Fidelity Freedom 2070PairCorr
  1.0FRBOX Fidelity Advisor FreedomPairCorr
  0.99FRBWX Fidelity Freedom IndexPairCorr
  0.99FRBYX Fidelity Freedom BlendPairCorr
  1.0FRBZX Fidelity Freedom BlendPairCorr
  1.0FRAGX Aggressive GrowthPairCorr
  0.99FRASX Fidelity Income ReplPairCorr
  1.0FRCRX Fidelity SustainablePairCorr
  0.65FRESX Fidelity Real EstatePairCorr
  0.95FRIFX Fidelity Real EstatePairCorr
  0.95FRINX Fidelity Real EstatePairCorr
  0.94FRIOX Fidelity Real EstatePairCorr
  0.97FRHMX Fidelity Managed RetPairCorr
  1.0FRLPX Fidelity Freedom IndexPairCorr
  0.97FRQIX Fidelity Income ReplPairCorr
  0.98FRQKX Fidelity Managed RetPairCorr
  0.92FRPDX Fidelity Sai AlternativePairCorr
  0.99FAASX Fidelity Asset ManagerPairCorr
  0.98FACVX Fidelity ConvertiblePairCorr
  0.92FACPX Fidelity Advisor SumerPairCorr
  0.99FACGX Fidelity Advisor GrowthPairCorr
  0.99FADTX Fidelity Advisor TecPairCorr
  0.97FADMX Fidelity Advisor StrPairCorr
  0.96FADIX Fidelity Advisor DivPairCorr
  0.98FADAX Fidelity Advisor DividendPairCorr
  0.99FAEGX Fidelity Advisor EquityPairCorr
  0.95FAFSX Fidelity Advisor FinPairCorr
  0.9FAFFX Fidelity Advisor FreedomPairCorr
  0.95FAFDX Fidelity Advisor FinPairCorr

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.

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