Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Blend
FHARX Fund  USD 12.68  0.11  0.88%   
The current 90-days correlation between Fidelity Freedom Blend and Fidelity Freedom Blend 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Freedom Blend. 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 metropolitan statistical area.

Moving together with Fidelity Mutual Fund

  0.63FPTKX Fidelity Freedom 2015PairCorr
  0.65FPUKX Fidelity PuritanPairCorr
  0.77FQIFX Fidelity Freedom IndexPairCorr
  0.99FQIPX Fidelity Freedom IndexPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  0.76FRBDX Fidelity Freedom 2070PairCorr
  0.88FRBEX Fidelity Freedom 2070PairCorr
  0.76FRBHX Fidelity Freedom 2070PairCorr
  0.88FRBJX Fidelity Advisor FreedomPairCorr
  0.88FRBKX Fidelity Advisor FreedomPairCorr
  0.88FRBLX Fidelity Advisor FreedomPairCorr
  0.88FRBOX Fidelity Advisor FreedomPairCorr
  0.88FRBPX Fidelity Advisor FreedomPairCorr
  1.0FRBQX Fidelity Flex FreedomPairCorr
  0.75FRBUX Fidelity Freedom IndexPairCorr
  0.87FRBVX Fidelity Freedom IndexPairCorr
  0.87FRBWX Fidelity Freedom IndexPairCorr
  0.76FRBYX Fidelity Freedom BlendPairCorr
  0.88FRBZX Fidelity Freedom BlendPairCorr
  0.82FRAGX Aggressive GrowthPairCorr
  0.66FRASX Fidelity Income ReplPairCorr
  0.88FRCFX Fidelity Freedom BlendPairCorr
  0.76FRCHX Fidelity Freedom BlendPairCorr
  0.87FRCKX Fidelity Freedom BlendPairCorr
  0.76FRCLX Fidelity Freedom BlendPairCorr
  0.88FRCNX Fidelity Freedom BlendPairCorr
  0.88FRCPX Fidelity Freedom BlendPairCorr
  0.87FRCQX Fidelity SustainablePairCorr
  0.87FRCRX Fidelity SustainablePairCorr
  0.87FRCVX Fidelity SustainablePairCorr
  0.86FRCWX Fidelity SustainablePairCorr
  0.75FRCYX Fidelity SustainablePairCorr
  0.86FRDCX Fidelity SustainablePairCorr
  0.87FRDEX Fidelity SustainablePairCorr
  0.83FRGAX Growth Allocation IndexPairCorr
  0.62FRESX Fidelity Real EstatePairCorr

Related Correlations Analysis

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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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