Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FIPFX Fund  USD 26.57  0.25  0.95%   
The current 90-days correlation between Fidelity Freedom Index and Fidelity Freedom Index is 1.0 (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 Index and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom Index 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 Index. 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

  0.78FPTKX Fidelity Freedom 2015PairCorr
  0.63FPURX Fidelity PuritanPairCorr
  0.63FPUKX Fidelity PuritanPairCorr
  0.91FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.64FQITX Fidelity Salem StreetPairCorr
  0.97FQLSX Fidelity Flex FreedomPairCorr
  0.88FRBDX Fidelity Freedom 2070PairCorr
  0.88FRBEX Fidelity Freedom 2070PairCorr
  0.88FRBHX 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
  0.99FRBQX Fidelity Flex FreedomPairCorr
  0.87FRBUX Fidelity Freedom IndexPairCorr
  0.87FRBVX Fidelity Freedom IndexPairCorr
  0.87FRBWX Fidelity Freedom IndexPairCorr
  0.87FRBYX Fidelity Freedom BlendPairCorr
  0.87FRBZX Fidelity Freedom BlendPairCorr
  0.96FRAGX Aggressive GrowthPairCorr
  0.68FRASX Fidelity Income ReplPairCorr
  0.87FRCFX Fidelity Freedom BlendPairCorr
  0.87FRCHX Fidelity Freedom BlendPairCorr
  0.87FRCKX Fidelity Freedom BlendPairCorr
  0.87FRCLX Fidelity Freedom BlendPairCorr
  0.87FRCNX Fidelity Freedom BlendPairCorr
  0.87FRCPX Fidelity Freedom BlendPairCorr
  0.87FRCQX Fidelity SustainablePairCorr
  0.87FRCRX Fidelity SustainablePairCorr
  0.87FRCVX Fidelity SustainablePairCorr
  0.87FRCWX Fidelity SustainablePairCorr
  0.87FRCYX Fidelity SustainablePairCorr
  0.86FRDCX Fidelity SustainablePairCorr
  0.99FRDEX Fidelity SustainablePairCorr
  0.99FRGAX Growth Allocation IndexPairCorr
  0.63FRESX Fidelity Real EstatePairCorr

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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