Fidelity Freedom Correlations

FFTWX Fund

USD 14.03 0.05 0.36%

The current 90-days correlation between Fidelity Freedom 2025 and Fidelity Freedom 2015 is 0.99 (i.e., No risk reduction). 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

Significant diversification

The correlation between Fidelity Freedom 2025 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2025 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 2025. 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 housing.

Moving together with Fidelity Mutual Fund

0.96	FPTKX	Fidelity Freedom 2015	Pair Corr
0.81	FRBDX	Fidelity Freedom 2070	Pair Corr
0.82	FRBHX	Fidelity Freedom 2070	Pair Corr
0.81	FRBUX	Fidelity Freedom Index	Pair Corr
0.81	FRBYX	Fidelity Freedom Blend	Pair Corr
0.76	FRAGX	Aggressive Growth	Pair Corr
0.81	FRCLX	Fidelity Freedom Blend	Pair Corr
0.84	FRGAX	Growth Allocation Index	Pair Corr
0.67	FRINX	Fidelity Real Estate	Pair Corr
0.67	FRIOX	Fidelity Real Estate	Pair Corr
0.61	FRIQX	Fidelity Real Estate	Pair Corr
0.61	FRIRX	Fidelity Real Estate	Pair Corr
0.81	FRLPX	Fidelity Freedom Index	Pair Corr
0.76	FRQHX	Fidelity Managed Ret	Pair Corr
0.76	FRQIX	Fidelity Income Repl	Pair Corr
0.83	FRQAX	Fidelity Income Repl	Pair Corr
0.74	FAASX	Fidelity Asset Manager	Pair Corr
0.75	FAAIX	Fidelity Asset Manager	Pair Corr
0.87	FADMX	Fidelity Advisor Str	Pair Corr
0.79	FADIX	Fidelity Advisor Div	Pair Corr
0.72	FADCX	Fidelity Advisor Div	Pair Corr
0.8	FAERX	Fidelity Advisor Overseas	Pair Corr
0.94	FAFFX	Fidelity Advisor Freedom	Pair Corr
1.0	FAFEX	Fidelity Advisor Freedom	Pair Corr
0.66	FTF	Franklin Templeton	Pair Corr
0.76	FSAAX	Fidelity Asset Manager	Pair Corr

Related Correlations Analysis

	FFVFX	FFFVX	FFTHX	FFFDX	FFFEX
FFVFX		0.0	0.87	0.98	0.93	FFVFX
FFFVX	0.0		0.0	0.0	0.0	FFFVX
FFTHX	0.87	0.0		0.94	0.99	FFTHX
FFFDX	0.98	0.0	0.94		0.97	FFFDX
FFFEX	0.93	0.0	0.99	0.97		FFFEX
	FFVFX	FFFVX	FFTHX	FFFDX	FFFEX

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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

FFFEX	+ 0.99	FFTHX
FFFDX	+ 0.98	FFVFX
FFFEX	+ 0.97	FFFDX
FFFDX	+ 0.94	FFTHX
FFFEX	+ 0.93	FFVFX
FFTHX	+ 0.87	FFVFX

High negative correlations

FFFEX	- 0.0	FFFVX
FFFDX	- 0.0	FFFVX
FFTHX	- 0.0	FFFVX
FFFVX	- 0.0	FFVFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FFVFX	0.31	0.02	0.13	0.57	0.31	(0.37)	0.61	(0.61)	1.83
FFFVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FFTHX	0.54	0.01	0.06	1.16	0.67	(0.59)	1.07	(1.17)	3.22
FFFDX	0.38	0.01	0.08	0.19	0.46	(0.41)	0.76	(0.81)	2.21
FFFEX	0.47	0.01	0.07	0.53	0.58	(0.50)	0.95	(0.99)	2.82

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