Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom Index
FPIPX Fund  USD 29.24  0.02  0.07%   
The current 90-days correlation between Fidelity Freedom Index and Technology Ultrasector Profund is -0.03 (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

Average diversification

The correlation between Fidelity Freedom Index and DJI is 0.14 (i.e., Average 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 employment.

Moving together with Fidelity Mutual Fund

  0.7FPTKX Fidelity Freedom 2015PairCorr
  0.61FPURX Fidelity PuritanPairCorr
  0.63FPUKX Fidelity PuritanPairCorr
  0.74FQIFX Fidelity Freedom IndexPairCorr
  0.73FQIPX Fidelity Freedom IndexPairCorr
  0.7FQLSX Fidelity Flex FreedomPairCorr
  0.7FRBDX Fidelity Freedom 2070PairCorr
  0.7FRBEX Fidelity Freedom 2070PairCorr
  0.99FRBHX Fidelity Freedom 2070PairCorr
  0.69FRBJX Fidelity Advisor FreedomPairCorr
  0.97FRBKX Fidelity Advisor FreedomPairCorr
  0.69FRBOX Fidelity Advisor FreedomPairCorr
  0.97FRBPX Fidelity Advisor FreedomPairCorr
  0.7FRBQX Fidelity Flex FreedomPairCorr
  1.0FRBUX Fidelity Freedom IndexPairCorr
  0.73FRBVX Fidelity Freedom IndexPairCorr
  0.73FRBWX Fidelity Freedom IndexPairCorr
  0.7FRBYX Fidelity Freedom BlendPairCorr
  0.7FRBZX Fidelity Freedom BlendPairCorr
  0.72FRAGX Aggressive GrowthPairCorr
  0.69FRASX Fidelity Income ReplPairCorr
  0.7FRCFX Fidelity Freedom BlendPairCorr
  0.7FRCHX Fidelity Freedom BlendPairCorr
  0.99FRCKX Fidelity Freedom BlendPairCorr
  0.96FRCLX Fidelity Freedom BlendPairCorr
  0.66FRCNX Fidelity Freedom BlendPairCorr
  0.7FRCPX Fidelity Freedom BlendPairCorr
  0.73FRCQX Fidelity SustainablePairCorr
  0.72FRCRX Fidelity SustainablePairCorr
  0.72FRCVX Fidelity SustainablePairCorr
  0.72FRCWX Fidelity SustainablePairCorr
  0.72FRCYX Fidelity SustainablePairCorr
  0.99FRDCX Fidelity SustainablePairCorr
  0.72FRDEX Fidelity SustainablePairCorr
  0.72FRGAX Growth Allocation IndexPairCorr

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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