Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2015
FPTKX Fund  USD 11.64  0.02  0.17%   
The current 90-days correlation between Fidelity Freedom 2015 and Deutsche Gold Precious is 0.04 (i.e., Significant 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

Poor diversification

The correlation between Fidelity Freedom 2015 and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2015 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 2015. 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 industry.

Moving together with Fidelity Mutual Fund

  0.74FPXTX Fidelity PennsylvaniaPairCorr
  0.93FQIFX Fidelity Freedom IndexPairCorr
  0.78FQIPX Fidelity Freedom IndexPairCorr
  0.94FQITX Fidelity Salem StreetPairCorr
  0.73FQLSX Fidelity Flex FreedomPairCorr
  0.71FRBDX Fidelity Freedom 2070PairCorr
  0.71FRBHX Fidelity Freedom 2070PairCorr
  0.71FRBLX Fidelity Advisor FreedomPairCorr
  0.74FRBOX Fidelity Advisor FreedomPairCorr
  0.75FRBPX Fidelity Advisor FreedomPairCorr
  0.71FRBUX Fidelity Freedom IndexPairCorr
  0.68FRBYX Fidelity Freedom BlendPairCorr
  0.98FRASX Fidelity Income ReplPairCorr
  0.69FRCFX Fidelity Freedom BlendPairCorr
  0.68FRCLX Fidelity Freedom BlendPairCorr
  0.63FRCWX Fidelity SustainablePairCorr
  0.69FRGAX Growth Allocation IndexPairCorr
  0.88FRESX Fidelity Real EstatePairCorr
  0.85FRIFX Fidelity Real EstatePairCorr
  0.95FRIMX Fidelity Income ReplPairCorr
  0.85FRINX Fidelity Real EstatePairCorr
  0.86FRIOX Fidelity Real EstatePairCorr
  0.85FRIQX Fidelity Real EstatePairCorr
  0.9FRHMX Fidelity Managed RetPairCorr
  0.9FRKMX Fidelity Managed RetPairCorr
  0.85FRIRX Fidelity Real EstatePairCorr
  0.78FRLPX Fidelity Freedom IndexPairCorr
  0.72FROGX Fidelity Municipal IncomePairCorr
  0.9FRQHX Fidelity Managed RetPairCorr
  0.96FRQIX Fidelity Income ReplPairCorr
  0.95FRQKX Fidelity Managed RetPairCorr
  0.96FRQAX Fidelity Income ReplPairCorr

Moving against Fidelity Mutual Fund

  0.32FADTX Fidelity Advisor TecPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
AGGWX
+ 1.0
FEGOX
AGGWX
+ 0.99
SGDIX
FEGOX
+ 0.98
SGDIX
OGMCX
+ 0.97
SGDIX
AGGWX
+ 0.97
OGMCX
OGMCX
+ 0.96
FEGOX
  
High negative correlations   
FEGOX
- 0.57
MXKJX
AGGWX
- 0.56
MXKJX
MXKJX
- 0.53
SGDIX
OGMCX
- 0.52
MXKJX
GCEBX
- 0.32
MXKJX

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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