Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FPIFX Fund  USD 16.27  0.04  0.25%   
The current 90-days correlation between Fidelity Freedom Index and Fidelity Freedom Index is 0.97 (i.e., Almost no diversification). 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 Index and DJI is 0.48 (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 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

  0.9FPTKX Fidelity Freedom 2015PairCorr
  0.78FPURX Fidelity PuritanPairCorr
  0.78FPUKX Fidelity PuritanPairCorr
  0.82FPXTX Fidelity PennsylvaniaPairCorr
  0.96FQIFX Fidelity Freedom IndexPairCorr
  0.74FQIPX Fidelity Freedom IndexPairCorr
  0.93FQLSX Fidelity Flex FreedomPairCorr
  0.75FRAGX Aggressive GrowthPairCorr
  0.81FRASX Fidelity Income ReplPairCorr
  0.77FRGAX Growth Allocation IndexPairCorr
  0.87FRESX Fidelity Real EstatePairCorr
  0.79FRIFX Fidelity Real EstatePairCorr
  0.79FRIMX Fidelity Income ReplPairCorr
  0.83FRIOX Fidelity Real EstatePairCorr
  0.78FRHMX Fidelity Managed RetPairCorr
  0.79FRKMX Fidelity Managed RetPairCorr
  0.79FRIRX Fidelity Real EstatePairCorr
  0.74FRLPX Fidelity Freedom IndexPairCorr
  0.82FROGX Fidelity Municipal IncomePairCorr
  0.8FRQIX Fidelity Income ReplPairCorr
  0.79FRQKX Fidelity Managed RetPairCorr
  0.81FRQAX Fidelity Income ReplPairCorr
  0.96FAASX Fidelity Asset ManagerPairCorr
  0.97FAAIX Fidelity Asset ManagerPairCorr
  0.71FACTX Fidelity Advisor HealthPairCorr
  0.79FACNX Fidelity CanadaPairCorr
  0.78FACFX Fidelity Advisor FreedomPairCorr
  0.72FACDX Fidelity Advisor HealthPairCorr
  0.75FADMX Fidelity Advisor StrPairCorr
  0.7FADAX Fidelity Advisor DividendPairCorr
  0.68FAEGX Fidelity Advisor EquityPairCorr
  0.81FAFSX Fidelity Advisor FinPairCorr
  0.92FAFEX Fidelity Advisor FreedomPairCorr

Moving against Fidelity Mutual Fund

  0.61FRPCX Fidelity Sai AlternativePairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY