Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FQIFX Fund  USD 18.99  0.07  0.37%   
The current 90-days correlation between Fidelity Freedom Index and Fidelity Freedom Index 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 Index and DJI is 0.7 (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

  0.93FPTKX Fidelity Freedom 2015PairCorr
  0.82FRBDX Fidelity Freedom 2070PairCorr
  0.82FRBHX Fidelity Freedom 2070PairCorr
  0.83FRBUX Fidelity Freedom IndexPairCorr
  0.82FRBYX Fidelity Freedom BlendPairCorr
  0.8FRAGX Aggressive GrowthPairCorr
  0.82FRCLX Fidelity Freedom BlendPairCorr
  0.87FRGAX Growth Allocation IndexPairCorr
  0.63FRINX Fidelity Real EstatePairCorr
  0.65FRIOX Fidelity Real EstatePairCorr
  0.63FRIQX Fidelity Real EstatePairCorr
  0.63FRIRX Fidelity Real EstatePairCorr
  0.91FRLPX Fidelity Freedom IndexPairCorr
  0.65FROGX Fidelity Municipal IncomePairCorr
  0.73FRQHX Fidelity Managed RetPairCorr
  0.79FRQIX Fidelity Income ReplPairCorr
  0.79FRQAX Fidelity Income ReplPairCorr
  0.72FAASX Fidelity Asset ManagerPairCorr
  0.73FAAIX Fidelity Asset ManagerPairCorr
  0.83FADMX Fidelity Advisor StrPairCorr
  0.71FADIX Fidelity Advisor DivPairCorr
  0.66FADCX Fidelity Advisor DivPairCorr
  0.72FAERX Fidelity Advisor OverseasPairCorr
  0.65FAFSX Fidelity Advisor FinPairCorr
  0.94FAFFX Fidelity Advisor FreedomPairCorr
  0.98FAFEX Fidelity Advisor FreedomPairCorr
  0.64FAFCX Fidelity Advisor FinPairCorr
  0.87FSAAX 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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