Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FFEGX Fund  USD 20.20  0.01  0.05%   
The current 90-days correlation between Fidelity Freedom Index and Ultra Short Fixed Income 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

Modest diversification

The correlation between Fidelity Freedom Index and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom Index 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 Index. 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 price.

Moving together with Fidelity Mutual Fund

  0.97FPTKX Fidelity Freedom 2015PairCorr
  0.65FPUKX Fidelity PuritanPairCorr
  0.65FPXTX Fidelity PennsylvaniaPairCorr
  0.92FQIFX Fidelity Freedom IndexPairCorr
  0.86FQIPX Fidelity Freedom IndexPairCorr
  0.99FQLSX Fidelity Flex FreedomPairCorr
  0.76FRAGX Aggressive GrowthPairCorr
  0.93FRAMX Fidelity Income ReplPairCorr
  0.95FRASX Fidelity Income ReplPairCorr
  0.82FRGAX Growth Allocation IndexPairCorr
  0.73FRESX Fidelity Real EstatePairCorr
  0.75FRIFX Fidelity Real EstatePairCorr
  0.94FRIMX Fidelity Income ReplPairCorr
  0.77FRINX Fidelity Real EstatePairCorr
  0.76FRIOX Fidelity Real EstatePairCorr
  0.77FRIQX Fidelity Real EstatePairCorr
  0.94FRHMX Fidelity Managed RetPairCorr
  0.94FRKMX Fidelity Managed RetPairCorr
  0.76FRIRX Fidelity Real EstatePairCorr
  0.96FRLPX Fidelity Freedom IndexPairCorr
  0.67FROGX Fidelity Municipal IncomePairCorr
  0.94FRQHX Fidelity Managed RetPairCorr
  0.87FRQIX Fidelity Income ReplPairCorr
  0.94FRQKX Fidelity Managed RetPairCorr
  0.93FRQAX Fidelity Income ReplPairCorr
  0.98FAASX Fidelity Asset ManagerPairCorr
  0.98FAAIX Fidelity Asset ManagerPairCorr
  0.61FACVX Fidelity ConvertiblePairCorr
  0.8FACTX Fidelity Advisor HealthPairCorr
  0.7FACNX Fidelity CanadaPairCorr
  0.94FACFX Fidelity Advisor FreedomPairCorr
  0.8FACDX Fidelity Advisor HealthPairCorr

Moving against Fidelity Mutual Fund

  0.43FRPCX 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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