Fidelity Flex Correlations

Mutual Funds . USA . 
Fund . Fidelity Flex Freedom
FQLSX Fund  USD 15.44  0.03  0.19%   
The current 90-days correlation between Fidelity Flex Freedom and Dodge International Stock is 0.8 (i.e., Very poor 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 0.8 (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 main economic indicators.

Moving together with Fidelity Mutual Fund

  0.98FPTKX Fidelity Freedom 2015PairCorr
  0.89FPURX Fidelity PuritanPairCorr
  0.89FPUKX Fidelity PuritanPairCorr
  0.82FPXTX Fidelity PennsylvaniaPairCorr
  0.99FQIFX Fidelity Freedom IndexPairCorr
  0.89FQIPX Fidelity Freedom IndexPairCorr
  0.66FQITX Fidelity Salem StreetPairCorr
  0.76FRBDX Fidelity Freedom 2070PairCorr
  0.88FRBEX Fidelity Freedom 2070PairCorr
  0.81FRBHX Fidelity Freedom 2070PairCorr
  0.88FRBJX Fidelity Advisor FreedomPairCorr
  0.88FRBKX Fidelity Advisor FreedomPairCorr
  0.74FRBLX Fidelity Advisor FreedomPairCorr
  0.8FRBOX Fidelity Advisor FreedomPairCorr
  0.8FRBPX Fidelity Advisor FreedomPairCorr
  0.76FRBQX Fidelity Flex FreedomPairCorr
  0.76FRBUX Fidelity Freedom IndexPairCorr
  0.76FRBVX Fidelity Freedom IndexPairCorr
  0.8FRBWX Fidelity Freedom IndexPairCorr
  0.8FRBYX Fidelity Freedom BlendPairCorr
  0.88FRBZX Fidelity Freedom BlendPairCorr
  0.8FRAGX Aggressive GrowthPairCorr
  0.77FRAMX Fidelity Income ReplPairCorr
  0.96FRASX Fidelity Income ReplPairCorr
  0.75FRCFX Fidelity Freedom BlendPairCorr
  0.75FRCHX Fidelity Freedom BlendPairCorr
  0.76FRCKX Fidelity Freedom BlendPairCorr
  0.78FRCLX Fidelity Freedom BlendPairCorr
  0.8FRCNX Fidelity Freedom BlendPairCorr
  0.76FRCPX Fidelity Freedom BlendPairCorr
  0.76FRCQX Fidelity SustainablePairCorr
  0.76FRCRX Fidelity SustainablePairCorr
  0.76FRCVX Fidelity SustainablePairCorr
  0.76FRCWX Fidelity SustainablePairCorr
  0.76FRCYX Fidelity SustainablePairCorr
  0.76FRDCX Fidelity SustainablePairCorr
  0.88FRDDX Fidelity SustainablePairCorr
  0.76FRDEX Fidelity SustainablePairCorr
  1.0FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis


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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY