Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2015
FFVFX Fund  USD 11.72  0.02  0.17%   
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 2015 and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2015 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 2015. 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 census.

Moving together with Fidelity Mutual Fund

  1.0FPTKX Fidelity Freedom 2015PairCorr
  0.74FPXTX Fidelity PennsylvaniaPairCorr
  0.93FQIFX Fidelity Freedom IndexPairCorr
  0.79FQIPX Fidelity Freedom IndexPairCorr
  0.93FQITX Fidelity Salem StreetPairCorr
  0.74FQLSX Fidelity Flex FreedomPairCorr
  0.78FRBDX Fidelity Freedom 2070PairCorr
  0.79FRBHX Fidelity Freedom 2070PairCorr
  0.8FRBLX Fidelity Advisor FreedomPairCorr
  0.82FRBOX Fidelity Advisor FreedomPairCorr
  0.82FRBPX Fidelity Advisor FreedomPairCorr
  0.79FRBUX Fidelity Freedom IndexPairCorr
  0.77FRBYX Fidelity Freedom BlendPairCorr
  0.61FRAGX Aggressive GrowthPairCorr
  0.98FRASX Fidelity Income ReplPairCorr
  0.78FRCFX Fidelity Freedom BlendPairCorr
  0.77FRCLX Fidelity Freedom BlendPairCorr
  0.72FRCWX Fidelity SustainablePairCorr
  0.69FRDCX Fidelity SustainablePairCorr
  0.71FRGAX Growth Allocation IndexPairCorr
  0.87FRESX Fidelity Real EstatePairCorr
  0.84FRIFX Fidelity Real EstatePairCorr
  0.94FRIMX Fidelity Income ReplPairCorr
  0.84FRINX Fidelity Real EstatePairCorr
  0.85FRIOX Fidelity Real EstatePairCorr
  0.84FRIQX Fidelity Real EstatePairCorr
  0.94FRHMX Fidelity Managed RetPairCorr
  0.94FRKMX Fidelity Managed RetPairCorr
  0.84FRIRX Fidelity Real EstatePairCorr
  0.79FRLPX Fidelity Freedom IndexPairCorr
  0.72FROGX Fidelity Municipal IncomePairCorr
  0.95FRQHX Fidelity Managed RetPairCorr
  0.95FRQIX Fidelity Income ReplPairCorr
  0.95FRQKX Fidelity Managed RetPairCorr
  0.95FRQAX Fidelity Income ReplPairCorr

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   
FFFAX
+ 0.99
FFFCX
FFTHX
+ 0.97
FFTWX
FFFCX
+ 0.87
FFTWX
FFFAX
+ 0.81
FFTWX
FFTHX
+ 0.76
FFFCX
FFFAX
+ 0.68
FFTHX
  
High negative correlations   
FFFAX
- 0.0
FFFVX
FFTHX
- 0.0
FFFVX
FFFCX
- 0.0
FFFVX
FFTWX
- 0.0
FFFVX

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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