Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Blend
FHAUX Fund  USD 11.15  0.04  0.36%   
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

Poor diversification

The correlation between Fidelity Freedom Blend and DJI is 0.68 (i.e., Poor 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 employment.

Moving together with Fidelity Mutual Fund

  0.96FPTKX Fidelity Freedom 2015PairCorr
  0.91FRBDX Fidelity Freedom 2070PairCorr
  0.91FRBHX Fidelity Freedom 2070PairCorr
  0.92FRBUX Fidelity Freedom IndexPairCorr
  0.9FRBYX Fidelity Freedom BlendPairCorr
  0.78FRAGX Aggressive GrowthPairCorr
  0.9FRCLX Fidelity Freedom BlendPairCorr
  0.86FRGAX Growth Allocation IndexPairCorr
  0.71FRINX Fidelity Real EstatePairCorr
  0.72FRIOX Fidelity Real EstatePairCorr
  0.71FRIQX Fidelity Real EstatePairCorr
  0.71FRIRX Fidelity Real EstatePairCorr
  0.92FRLPX Fidelity Freedom IndexPairCorr
  0.68FROGX Fidelity Municipal IncomePairCorr
  0.86FRQHX Fidelity Managed RetPairCorr
  0.86FRQIX Fidelity Income ReplPairCorr
  0.87FRQAX Fidelity Income ReplPairCorr
  0.91FADMX Fidelity Advisor StrPairCorr
  0.82FADIX Fidelity Advisor DivPairCorr
  0.82FADCX Fidelity Advisor DivPairCorr
  0.82FAERX Fidelity Advisor OverseasPairCorr
  0.61FAFSX Fidelity Advisor FinPairCorr
  0.93FAFFX Fidelity Advisor FreedomPairCorr
  0.98FAFEX Fidelity Advisor FreedomPairCorr
  0.74FTF Franklin TempletonPairCorr
  0.78FSAAX Fidelity Asset ManagerPairCorr

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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