Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FQIFX Fund  USD 20.85  0.04  0.19%   
The current 90-days correlation between Fidelity Freedom Index and Fidelity Freedom Index is 0.99 (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

Very good diversification

The correlation between Fidelity Freedom Index and DJI is -0.31 (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 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 price.

Moving together with Fidelity Mutual Fund

  1.0VTTVX Vanguard Target RetiPairCorr
  0.9AADTX American Funds 2025PairCorr
  0.9CCDTX American Funds 2025PairCorr
  1.0FAPTX American Funds 2025PairCorr
  0.91FSNPX Fidelity Freedom 2025PairCorr
  0.85FFTWX Fidelity Freedom 2025PairCorr
  1.0FDTKX Fidelity Freedom 2025PairCorr
  1.0TREHX T Rowe PricePairCorr
  0.85PARJX T Rowe PricePairCorr
  0.95HLDIX Hartford EmergingPairCorr
  0.95HLDRX Hartford EmergingPairCorr
  0.9HLDAX Hartford EmergingPairCorr
  0.95HLDCX Hartford EmergingPairCorr
  0.95HLDTX Hartford EmergingPairCorr
  0.89SRIGX Gabelli Esg FundPairCorr
  0.93TGRNX Tiaa Cref GreenPairCorr
  0.96TWQZX Transamerica Large CapPairCorr
  0.78LGLSX L Abbett GrowthPairCorr
  0.97WESIX Teton Vertible SecuritiesPairCorr
  0.84BHYRX Blackrock High YieldPairCorr
  0.93FTRLX Federated Total ReturnPairCorr
  1.0TRRWX T Rowe PricePairCorr
  0.87HGLB Highland Global AlloPairCorr
  0.83FQCTX Franklin Necticut TaxPairCorr
  0.95HRLFX Hartford GlobalPairCorr
  0.98GLV Clough Global AllocationPairCorr
  0.84RRPPX American Funds RetirementPairCorr
  0.86VWTGX Tomorrows Scholar CollegePairCorr
  0.82PDPCX Virtus AlternativesPairCorr
  0.84QAITX Q3 All WeatherPairCorr
  0.76SRYRX Simt Real ReturnPairCorr
  0.83FDKVX Fidelity Freedom 2060PairCorr
  0.87LRRRX Floating RatePairCorr
  0.91PIFCX Prudential Short TermPairCorr
  0.77WAFRX Western Asset InflationPairCorr

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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