Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom 2050
FNSBX Fund  USD 15.16  0.05  0.33%   
The current 90-days correlation between Fidelity Freedom 2050 and Qs Large Cap is 0.9 (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

Very good diversification

The correlation between Fidelity Freedom 2050 and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2050 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 2050. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Fidelity Mutual Fund

  1.0VFIFX Vanguard Target RetiPairCorr
  0.91AALTX American Funds 2050PairCorr
  0.91CCITX American Funds 2050PairCorr
  0.99FAITX American Funds 2050PairCorr
  1.0FFFHX Fidelity Freedom 2050PairCorr
  1.0FZTKX Fidelity Freedom 2050PairCorr
  1.0FRLPX Fidelity Freedom IndexPairCorr
  0.89TRJLX T Rowe PricePairCorr
  1.0FIPFX Fidelity Freedom IndexPairCorr
  0.79PDI Pimco Dynamic IncomePairCorr
  0.93FTCAX Templeton Strained BondPairCorr
  0.64VFIAX Vanguard 500 IndexPairCorr
  0.98VITAX Vanguard InformationPairCorr
  0.98JHRLX Retirement Living ThroughPairCorr
  0.63VFINX Vanguard 500 IndexPairCorr
  0.94JSIGX Jacob Small CapPairCorr
  0.99RGAEX Growth FundPairCorr
  0.78RFXAX Rational Special SitPairCorr
  0.99DRRIX Dreyfus Global RealPairCorr
  0.89HWHAX Hotchkis Wiley HighPairCorr
  0.7MWHIX Metropolitan West HighPairCorr
  0.86HWACX Hotchkis Wiley ValuePairCorr
  0.98TRGIX Tiaa Cref GrowthPairCorr
  0.93DSENX Doubleline ShillerPairCorr
  0.82NTIIX Navigator TacticalPairCorr
  0.81FGMNX Fidelity GnmaPairCorr
  0.84HLLVX Jpmorgan Short DurationPairCorr
  0.99LTPDX Principal Lifetime 2025PairCorr
  0.89HCVYX Hartford ConservativePairCorr
  1.0PPQZX Pimco Realpath BlendPairCorr
  0.9AMAGX Amana GrowthPairCorr
  0.76MFACX American Funds MortgagePairCorr

Moving against Fidelity Mutual Fund

  0.99USPSX Profunds UltrashortPairCorr
  0.89USPIX Profunds UltrashortPairCorr
  0.88UIPIX Ultrashort Mid CapPairCorr

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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