Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2055
FDEEX Fund  USD 16.64  0.10  0.60%   
The current 90-days correlation between Fidelity Freedom 2055 and Fidelity Freedom 2050 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

Poor diversification

The correlation between Fidelity Freedom 2055 and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2055 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 2055. 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 income.

Moving together with FIDELITY Mutual Fund

  0.87FPURX Fidelity PuritanPairCorr
  0.86FPUKX Fidelity PuritanPairCorr
  0.8FQIFX Fidelity Freedom IndexPairCorr
  0.99FQIPX Fidelity Freedom IndexPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  0.96FRAGX Aggressive GrowthPairCorr
  0.97FRGAX Growth Allocation IndexPairCorr
  0.99FRLPX Fidelity Freedom IndexPairCorr
  0.98FAASX Fidelity Asset ManagerPairCorr
  0.98FAAIX Fidelity Asset ManagerPairCorr
  0.89FABLX Fidelity Advisor BalancedPairCorr
  0.89FABCX Fidelity Advisor BalancedPairCorr
  0.7FACVX Fidelity VertiblePairCorr
  0.71FACPX Fidelity Advisor SumerPairCorr
  0.89FACNX Fidelity CanadaPairCorr
  0.84FACGX Fidelity Advisor GrowthPairCorr
  0.8FADTX Fidelity Advisor TecPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FFFGX
+ 1.0
FFFHX
FDKVX
+ 1.0
FFFHX
FDKVX
+ 1.0
FFFGX
FFVFX
+ 0.59
FFFHX
FFVFX
+ 0.59
FFFGX
FFVFX
+ 0.59
FDKVX
  
High negative correlations   
FFVFX
- 0.0
FFFVX
FFFVX
- 0.0
FDKVX
FFFVX
- 0.0
FFFGX
FFFVX
- 0.0
FFFHX

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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