Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FQIFX Fund  USD 18.31  0.04  0.22%   
The current 90-days correlation between Fidelity Freedom Index and Fidelity Freedom Index is 1.0 (i.e., No risk reduction). 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 Index 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 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 census.

Moving together with Fidelity Mutual Fund

  0.76FRIMX Fidelity Income ReplPairCorr
  0.77FRQIX Fidelity Income ReplPairCorr
  0.86FAGIX Fidelity Capital IncomePairCorr
  0.94FTF Franklin TempletonPairCorr
  0.97FARVX Fidelity Income ReplPairCorr
  0.9FBTAX Fidelity Advisor BioPairCorr
  0.76FCLCX Fidelity Advisor IndPairCorr
  0.76FCLAX Fidelity Advisor IndPairCorr
  0.71FCMAX Fidelity CaliforniaPairCorr
  0.87FCLKX Fidelity Large CapPairCorr
  0.79FCPVX Fidelity Small CapPairCorr
  0.97FWLSX Fidelity Flex FreedomPairCorr
  0.84FGEMX Fidelity Advisor ComPairCorr
  0.77FGWMX Fidelity New MarketsPairCorr
  0.77FGVMX Fidelity New MarketsPairCorr
  0.84FHCCX Fidelity Advisor HealthPairCorr
  0.81FZABX Fidelity Advisor DivPairCorr
  0.96FHRVX Fidelity Managed RetPairCorr
  0.8FIFGX Fidelity Sai InflatiPairCorr
  0.96FIIVX Fidelity Income ReplPairCorr
  0.79FIKHX Fidelity Advisor TecPairCorr
  0.89FIKBX Fidelity Advisor FinPairCorr
  0.78FIKAX Fidelity Advisor EnergyPairCorr
  0.9FIRSX Fidelity Income ReplPairCorr
  0.99FIRFX Fidelity Income ReplPairCorr
  0.73FLEOX Fidelity Advisor LevPairCorr
  0.73FLENX Fidelity Advisor LevPairCorr
  0.73FLEMX Fidelity Advisor LevPairCorr

Moving against Fidelity Mutual Fund

  0.47FSAWX Fidelity Sai ConvertiblePairCorr
  0.39FSAGX Gold Portfolio Gold Steady GrowthPairCorr
  0.39FGDCX Gold Portfolio Fidelity Steady GrowthPairCorr
  0.39FGDAX Gold Portfolio Fidelity Steady GrowthPairCorr
  0.39FGDTX Gold Portfolio Fidelity Steady GrowthPairCorr
  0.39FGDIX Fidelity Advisor Gold Steady GrowthPairCorr
  0.39FIJDX Gold Portfolio Fidelity Steady GrowthPairCorr
  0.32FHNFX Fidelity Series GovePairCorr

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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