Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FFIZX Fund  USD 24.82  0.39  1.60%   
The current 90-days correlation between Fidelity Freedom Index and Rbb Fund is 0.36 (i.e., Weak 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 Index and DJI is 0.69 (i.e., Poor 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 nation.

Moving together with Fidelity Mutual Fund

  0.87FPTKX Fidelity Freedom 2015PairCorr
  0.67FPURX Fidelity PuritanPairCorr
  0.67FPUKX Fidelity PuritanPairCorr
  0.93FQIFX Fidelity Freedom IndexPairCorr
  0.72FQITX Fidelity Salem StreetPairCorr
  0.96FQLSX Fidelity Flex FreedomPairCorr
  0.68FRAGX Aggressive GrowthPairCorr
  0.67FRAMX Fidelity Income ReplPairCorr
  0.73FRASX Fidelity Income ReplPairCorr
  0.99FRCPX Fidelity Freedom BlendPairCorr
  0.69FRESX Fidelity Real EstatePairCorr
  0.7FRIMX Fidelity Income ReplPairCorr
  0.7FRHMX Fidelity Managed RetPairCorr
  0.66FRKMX Fidelity Managed RetPairCorr
  1.0FRLPX Fidelity Freedom IndexPairCorr
  0.7FRQHX Fidelity Managed RetPairCorr
  0.71FRQIX Fidelity Income ReplPairCorr
  0.71FRQKX Fidelity Managed RetPairCorr
  0.72FRQAX Fidelity Income ReplPairCorr
  0.73FAASX Fidelity Asset ManagerPairCorr
  0.73FAAIX Fidelity Asset ManagerPairCorr
  0.75FACNX Fidelity CanadaPairCorr
  0.77FACFX Fidelity Advisor FreedomPairCorr
  0.8FADMX Fidelity Advisor StrPairCorr
  0.71FADIX Fidelity Advisor DivPairCorr

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   
FFCGX
+ 0.91
HDCAX
FSULTX
+ 0.87
CPUCX
FWNHTX
+ 0.69
FZDAQX
FZDAQX
+ 0.66
FSULTX
FWNHTX
+ 0.59
FSULTX
CPUCX
+ 0.58
OPTCX
  
High negative correlations   
FSULTX
- 0.08
HDCAX

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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