Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FQIPX Fund  USD 26.82  0.01  0.04%   
The current 90-days correlation between Fidelity Freedom Index and Fidelity New Markets is 0.38 (i.e., Weak 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 0.51 (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 american community survey.

Moving together with Fidelity Mutual Fund

  0.95FPTKX Fidelity Freedom 2015PairCorr
  0.72FPURX Fidelity PuritanPairCorr
  0.72FPUKX Fidelity PuritanPairCorr
  0.65FPXTX Fidelity PennsylvaniaPairCorr
  0.91FQIFX Fidelity Freedom IndexPairCorr
  0.95FQITX Fidelity Salem StreetPairCorr
  0.93FQLSX Fidelity Flex FreedomPairCorr
  0.9FRAGX Aggressive GrowthPairCorr
  0.95FRAMX Fidelity Income ReplPairCorr
  0.96FRASX Fidelity Income ReplPairCorr
  1.0FRGAX Growth Allocation IndexPairCorr
  0.62FRESX Fidelity Real EstatePairCorr
  0.84FRIFX Fidelity Real EstatePairCorr
  0.95FRIMX Fidelity Income ReplPairCorr
  0.88FRINX Fidelity Real EstatePairCorr
  0.82FRIOX Fidelity Real EstatePairCorr
  0.88FRIQX Fidelity Real EstatePairCorr
  0.88FRHMX Fidelity Managed RetPairCorr
  0.95FRKMX Fidelity Managed RetPairCorr
  0.84FRIRX Fidelity Real EstatePairCorr
  0.91FRLPX Fidelity Freedom IndexPairCorr
  0.63FROGX Fidelity Municipal IncomePairCorr
  0.95FRQHX Fidelity Managed RetPairCorr
  0.95FRQIX Fidelity Income ReplPairCorr
  0.95FRQKX Fidelity Managed RetPairCorr
  0.62FRPDX Fidelity Sai AlternativePairCorr
  0.95FRQAX Fidelity Income ReplPairCorr
  0.63FACNX Fidelity CanadaPairCorr
  0.72FACGX Fidelity Advisor GrowthPairCorr
  0.89FACFX Fidelity Advisor FreedomPairCorr
  0.89FADMX Fidelity Advisor StrPairCorr

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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