Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Blend
FRCPX Fund   9.79  0.04  0.41%   
The current 90-days correlation between Fidelity Freedom Blend and Victory Rs Partners is 0.91 (i.e., Almost no 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

Almost no diversification

The correlation between Fidelity Freedom Blend and DJI is 0.91 (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 Blend 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 Blend. 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 american community survey.

Moving together with Fidelity Mutual Fund

  0.92FPTKX Fidelity Freedom 2015PairCorr
  0.83FPURX Fidelity PuritanPairCorr
  0.83FPUKX Fidelity PuritanPairCorr
  0.98FQIFX Fidelity Freedom IndexPairCorr
  0.95FQIPX Fidelity Freedom IndexPairCorr
  0.73FQITX Fidelity Salem StreetPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  0.89FRBDX Fidelity Freedom 2070PairCorr
  1.0FRBEX Fidelity Freedom 2070PairCorr
  0.89FRBHX Fidelity Freedom 2070PairCorr
  0.89FRBJX Fidelity Advisor FreedomPairCorr
  0.89FRBKX Fidelity Advisor FreedomPairCorr
  0.89FRBLX Fidelity Advisor FreedomPairCorr
  0.89FRBOX Fidelity Advisor FreedomPairCorr
  0.89FRBPX Fidelity Advisor FreedomPairCorr
  1.0FRBUX Fidelity Freedom IndexPairCorr
  0.88FRBVX Fidelity Freedom IndexPairCorr
  0.88FRBWX Fidelity Freedom IndexPairCorr
  0.99FRAGX Aggressive GrowthPairCorr
  0.7FRASX Fidelity Income ReplPairCorr
  0.88FRCHX Fidelity Freedom BlendPairCorr
  0.88FRCLX Fidelity Freedom BlendPairCorr
  0.88FRCNX Fidelity Freedom BlendPairCorr
  0.88FRCVX Fidelity SustainablePairCorr
  0.88FRCWX Fidelity SustainablePairCorr
  1.0FRCYX Fidelity SustainablePairCorr
  0.88FRDEX Fidelity SustainablePairCorr
  1.0FRGAX Growth Allocation IndexPairCorr
  0.83FRESX Fidelity Real EstatePairCorr
  0.65FRINX Fidelity Real EstatePairCorr
  0.67FRIOX Fidelity Real EstatePairCorr
  0.65FRIQX Fidelity Real EstatePairCorr
  0.66FRHMX Fidelity Managed RetPairCorr
  0.65FRIRX Fidelity Real EstatePairCorr

Moving against Fidelity Mutual Fund

  0.36FRPDX Fidelity Sai AlternativePairCorr

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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