Fidelity Flex Correlations

Mutual Funds . USA . 
Fund . Fidelity Flex Freedom
FQLSX Fund  USD 14.21  0.01  0.07%   
The current 90-days correlation between Fidelity Flex Freedom and Balanced Fund Retail is 0.95 (i.e., Almost no diversification). The correlation of Fidelity Flex 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 Flex Correlation With Market

Very poor diversification

The correlation between Fidelity Flex Freedom 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 Flex Freedom 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 Flex Freedom. 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 state.

Moving together with Fidelity Mutual Fund

  0.99FPTKX Fidelity Freedom 2015PairCorr
  1.0FPURX Fidelity PuritanPairCorr
  1.0FPUKX Fidelity PuritanPairCorr
  0.71FPXTX Fidelity PennsylvaniaPairCorr
  1.0FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.87FQITX Fidelity Salem StreetPairCorr
  1.0FRBDX Fidelity Freedom 2070PairCorr
  0.66FRBEX Fidelity Freedom 2070PairCorr
  0.74FRBHX Fidelity Freedom 2070PairCorr
  0.67FRBJX Fidelity Advisor FreedomPairCorr
  0.75FRBKX Fidelity Advisor FreedomPairCorr
  0.75FRBLX Fidelity Advisor FreedomPairCorr
  0.99FRBOX Fidelity Advisor FreedomPairCorr
  0.74FRBPX Fidelity Advisor FreedomPairCorr
  0.74FRBQX Fidelity Flex FreedomPairCorr
  0.74FRBUX Fidelity Freedom IndexPairCorr
  0.74FRBVX Fidelity Freedom IndexPairCorr
  0.74FRBWX Fidelity Freedom IndexPairCorr
  0.74FRBYX Fidelity Freedom BlendPairCorr
  0.74FRBZX Fidelity Freedom BlendPairCorr
  0.65FRAGX Aggressive GrowthPairCorr
  0.64FRAMX Fidelity Income ReplPairCorr
  0.72FRASX Fidelity Income ReplPairCorr
  1.0FRCFX Fidelity Freedom BlendPairCorr
  0.74FRCHX Fidelity Freedom BlendPairCorr
  1.0FRCKX Fidelity Freedom BlendPairCorr
  0.74FRCLX Fidelity Freedom BlendPairCorr
  0.99FRCNX Fidelity Freedom BlendPairCorr
  0.74FRCPX Fidelity Freedom BlendPairCorr
  0.75FRCQX Fidelity SustainablePairCorr
  0.75FRCRX Fidelity SustainablePairCorr
  0.75FRCVX Fidelity SustainablePairCorr
  0.75FRCWX Fidelity SustainablePairCorr
  0.75FRCYX Fidelity SustainablePairCorr
  0.75FRDCX Fidelity SustainablePairCorr
  0.75FRDDX Fidelity SustainablePairCorr
  0.67FRDEX Fidelity SustainablePairCorr
  0.65FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Flex 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 Flex'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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