Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Blend
FHASX Fund  USD 12.17  0.09  0.75%   
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.

Fidelity Freedom Correlation With Market

Very weak diversification

The correlation between Fidelity Freedom Blend and DJI is 0.54 (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 Blend 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 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 state.

Moving together with Fidelity Mutual Fund

  0.98FPTKX Fidelity Freedom 2015PairCorr
  0.79FPURX Fidelity PuritanPairCorr
  0.79FPUKX Fidelity PuritanPairCorr
  0.75FPXTX Fidelity PennsylvaniaPairCorr
  0.97FQIFX Fidelity Freedom IndexPairCorr
  0.98FQIPX Fidelity Freedom IndexPairCorr
  0.91FQITX Fidelity Salem StreetPairCorr
  0.98FQLSX Fidelity Flex FreedomPairCorr
  0.98FRAGX Aggressive GrowthPairCorr
  0.93FRAMX Fidelity Income ReplPairCorr
  0.95FRASX Fidelity Income ReplPairCorr
  0.89FRGAX Growth Allocation IndexPairCorr
  0.84FRESX Fidelity Real EstatePairCorr
  0.85FRIFX Fidelity Real EstatePairCorr
  0.93FRIMX Fidelity Income ReplPairCorr
  0.85FRINX Fidelity Real EstatePairCorr
  0.86FRIOX Fidelity Real EstatePairCorr
  0.85FRIQX Fidelity Real EstatePairCorr
  0.88FRHMX Fidelity Managed RetPairCorr
  0.88FRKMX Fidelity Managed RetPairCorr
  0.84FRIRX Fidelity Real EstatePairCorr
  0.98FRLPX Fidelity Freedom IndexPairCorr
  0.74FROGX Fidelity Municipal IncomePairCorr
  0.88FRQHX Fidelity Managed RetPairCorr
  0.93FRQIX Fidelity Income ReplPairCorr
  0.89FRQKX Fidelity Managed RetPairCorr
  0.93FRQAX Fidelity Income ReplPairCorr
  0.78FAASX Fidelity Asset ManagerPairCorr
  0.79FAAIX Fidelity Asset ManagerPairCorr
  0.78FACNX Fidelity CanadaPairCorr
  0.9FACFX Fidelity Advisor FreedomPairCorr
  0.91FADMX Fidelity Advisor StrPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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