Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2020
FFFDX Fund  USD 14.83  0.09  0.61%   
The current 90-days correlation between Fidelity Freedom 2020 and Fidelity Freedom 2010 is 0.93 (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

Very weak diversification

The correlation between Fidelity Freedom 2020 and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2020 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 2020. 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 unemployment.

Moving together with Fidelity Mutual Fund

  0.97FPTKX Fidelity Freedom 2015PairCorr
  0.77FPURX Fidelity PuritanPairCorr
  0.77FPUKX Fidelity PuritanPairCorr
  0.83FPXTX Fidelity PennsylvaniaPairCorr
  1.0FQIFX Fidelity Freedom IndexPairCorr
  0.88FQIPX Fidelity Freedom IndexPairCorr
  0.75FQITX Fidelity Salem StreetPairCorr
  0.97FQLSX Fidelity Flex FreedomPairCorr
  0.88FRAGX Aggressive GrowthPairCorr
  0.92FRASX Fidelity Income ReplPairCorr
  0.9FRGAX Growth Allocation IndexPairCorr
  0.84FRESX Fidelity Real EstatePairCorr
  0.85FRIFX Fidelity Real EstatePairCorr
  0.9FRIMX Fidelity Income ReplPairCorr
  0.87FRIOX Fidelity Real EstatePairCorr
  0.86FRHMX Fidelity Managed RetPairCorr
  0.86FRKMX Fidelity Managed RetPairCorr
  0.84FRIRX Fidelity Real EstatePairCorr
  0.88FRLPX Fidelity Freedom IndexPairCorr
  0.82FROGX Fidelity Municipal IncomePairCorr
  0.9FRQIX Fidelity Income ReplPairCorr
  0.86FRQKX Fidelity Managed RetPairCorr
  0.91FRQAX Fidelity Income ReplPairCorr
  0.87FAASX Fidelity Asset ManagerPairCorr
  0.88FAAIX Fidelity Asset ManagerPairCorr
  0.77FACNX Fidelity CanadaPairCorr
  0.87FACFX Fidelity Advisor FreedomPairCorr
  0.87FADMX Fidelity Advisor StrPairCorr
  0.73FAERX Fidelity Advisor OverseasPairCorr
  0.83FAFSX Fidelity Advisor FinPairCorr
  0.99FAFEX Fidelity Advisor FreedomPairCorr

Moving against Fidelity Mutual Fund

  0.47FRPCX 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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