Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom Blend
FFBTX Fund  USD 12.78  0.11  0.87%   
The current 90-days correlation between Fidelity Freedom Blend and Columbia Convertible Securities is 0.03 (i.e., Significant 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

Poor diversification

The correlation between Fidelity Freedom Blend and DJI is 0.71 (i.e., Poor 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 estimate.

Moving together with Fidelity Mutual Fund

  0.79FPTKX Fidelity Freedom 2015PairCorr
  0.63FPURX Fidelity PuritanPairCorr
  0.63FPUKX Fidelity PuritanPairCorr
  0.93FQIFX Fidelity Freedom IndexPairCorr
  0.99FQIPX Fidelity Freedom IndexPairCorr
  0.63FQITX Fidelity Salem StreetPairCorr
  0.99FQLSX Fidelity Flex FreedomPairCorr
  0.87FRBDX Fidelity Freedom 2070PairCorr
  0.87FRBEX Fidelity Freedom 2070PairCorr
  0.87FRBHX Fidelity Freedom 2070PairCorr
  0.87FRBJX Fidelity Advisor FreedomPairCorr
  0.87FRBKX Fidelity Advisor FreedomPairCorr
  0.87FRBLX Fidelity Advisor FreedomPairCorr
  0.87FRBOX Fidelity Advisor FreedomPairCorr
  0.87FRBPX Fidelity Advisor FreedomPairCorr
  1.0FRBQX Fidelity Flex FreedomPairCorr
  0.85FRBUX Fidelity Freedom IndexPairCorr
  0.85FRBVX Fidelity Freedom IndexPairCorr
  0.85FRBWX Fidelity Freedom IndexPairCorr
  0.86FRBYX Fidelity Freedom BlendPairCorr
  0.86FRBZX Fidelity Freedom BlendPairCorr
  0.95FRAGX Aggressive GrowthPairCorr
  0.68FRASX Fidelity Income ReplPairCorr
  0.86FRCFX Fidelity Freedom BlendPairCorr
  0.86FRCHX Fidelity Freedom BlendPairCorr
  0.86FRCKX Fidelity Freedom BlendPairCorr
  0.86FRCLX Fidelity Freedom BlendPairCorr
  0.86FRCNX Fidelity Freedom BlendPairCorr
  0.87FRCPX Fidelity Freedom BlendPairCorr
  0.85FRCQX Fidelity SustainablePairCorr
  0.86FRCRX Fidelity SustainablePairCorr
  0.86FRCVX Fidelity SustainablePairCorr
  0.85FRCWX Fidelity SustainablePairCorr
  0.85FRCYX Fidelity SustainablePairCorr
  0.85FRDCX Fidelity SustainablePairCorr
  0.98FRDEX Fidelity SustainablePairCorr
  0.98FRGAX Growth Allocation IndexPairCorr
  0.64FRESX Fidelity Real EstatePairCorr

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   
PBXIX
+ 0.93
NCIDX
LCFYX
+ 0.87
NCIDX
PBXIX
+ 0.85
LCFYX
CCD
+ 0.82
NCIDX
CCD
+ 0.76
PBXIX
CCD
+ 0.73
LCFYX
  
High negative correlations   
CCD
- 0.67
ARBOX
ARBOX
- 0.39
NCIDX
ARBOX
- 0.28
PBXIX
ARBOX
- 0.12
LCFYX

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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