Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FFOLX Fund  USD 26.74  0.22  0.83%   
The current 90-days correlation between Fidelity Freedom Index and Pimco Energy Tactical is 0.19 (i.e., Average 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 Index and DJI is 0.55 (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 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 bureau of economic analysis.

Moving together with Fidelity Mutual Fund

  0.93FPTKX Fidelity Freedom 2015PairCorr
  0.73FPURX Fidelity PuritanPairCorr
  0.73FPUKX Fidelity PuritanPairCorr
  0.64FPXTX Fidelity PennsylvaniaPairCorr
  0.9FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.92FQITX Fidelity Salem StreetPairCorr
  0.92FQLSX Fidelity Flex FreedomPairCorr
  0.99FRAGX Aggressive GrowthPairCorr
  0.91FRAMX Fidelity Income ReplPairCorr
  0.94FRASX Fidelity Income ReplPairCorr
  1.0FRGAX Growth Allocation IndexPairCorr
  0.8FRIFX Fidelity Real EstatePairCorr
  0.91FRIMX Fidelity Income ReplPairCorr
  0.8FRINX Fidelity Real EstatePairCorr
  0.79FRIOX Fidelity Real EstatePairCorr
  0.79FRIQX Fidelity Real EstatePairCorr
  0.91FRHMX Fidelity Managed RetPairCorr
  0.91FRKMX Fidelity Managed RetPairCorr
  0.8FRIRX Fidelity Real EstatePairCorr
  1.0FRLPX Fidelity Freedom IndexPairCorr
  0.61FROGX Fidelity Municipal IncomePairCorr
  0.92FRQHX Fidelity Managed RetPairCorr
  0.92FRQIX Fidelity Income ReplPairCorr
  0.92FRQKX Fidelity Managed RetPairCorr
  0.61FRPDX Fidelity Sai AlternativePairCorr
  0.91FRQAX Fidelity Income ReplPairCorr
  0.62FAASX Fidelity Asset ManagerPairCorr
  0.63FAAIX Fidelity Asset ManagerPairCorr
  0.62FACGX Fidelity Advisor GrowthPairCorr
  0.94FACFX Fidelity Advisor FreedomPairCorr
  0.88FADMX Fidelity Advisor StrPairCorr

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   
XEMOX
+ 0.87
FIKAX
AIWEX
+ 0.85
FIKAX
XEMOX
+ 0.8
AIWEX
AIWEX
+ 0.54
PDX
FIKAX
+ 0.44
PDX
XEMOX
+ 0.44
TREIX
  
High negative correlations   
TREIX
- 0.02
PDX

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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