Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2020
FSNOX Fund  USD 14.71  0.03  0.20%   
The current 90-days correlation between Fidelity Freedom 2020 and Ab Bond Inflation is 0.3 (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

Poor diversification

The correlation between Fidelity Freedom 2020 and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2020 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 2020. 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 persons.

Moving together with Fidelity Mutual Fund

  0.87FPTKX Fidelity Freedom 2015PairCorr
  0.7FPXTX Fidelity PennsylvaniaPairCorr
  0.87FQIFX Fidelity Freedom IndexPairCorr
  0.7FQIPX Fidelity Freedom IndexPairCorr
  0.81FQITX Fidelity Salem StreetPairCorr
  0.68FQLSX Fidelity Flex FreedomPairCorr
  0.69FRBDX Fidelity Freedom 2070PairCorr
  0.69FRBEX Fidelity Freedom 2070PairCorr
  0.69FRBHX Fidelity Freedom 2070PairCorr
  0.71FRBKX Fidelity Advisor FreedomPairCorr
  0.7FRBLX Fidelity Advisor FreedomPairCorr
  0.72FRBOX Fidelity Advisor FreedomPairCorr
  0.73FRBPX Fidelity Advisor FreedomPairCorr
  0.85FRBUX Fidelity Freedom IndexPairCorr
  0.7FRBWX Fidelity Freedom IndexPairCorr
  0.68FRBYX Fidelity Freedom BlendPairCorr
  0.79FRAMX Fidelity Income ReplPairCorr
  0.83FRASX Fidelity Income ReplPairCorr
  0.68FRCFX Fidelity Freedom BlendPairCorr
  0.65FRCKX Fidelity Freedom BlendPairCorr
  0.85FRCLX Fidelity Freedom BlendPairCorr
  0.62FRCWX Fidelity SustainablePairCorr
  0.63FRGAX Growth Allocation IndexPairCorr
  0.81FRESX Fidelity Real EstatePairCorr
  0.69FRIFX Fidelity Real EstatePairCorr
  0.79FRIMX Fidelity Income ReplPairCorr
  0.69FRINX Fidelity Real EstatePairCorr
  0.72FRIOX Fidelity Real EstatePairCorr
  0.71FRIQX Fidelity Real EstatePairCorr
  0.79FRHMX Fidelity Managed RetPairCorr
  0.79FRKMX Fidelity Managed RetPairCorr
  0.69FRIRX Fidelity Real EstatePairCorr
  0.7FRLPX Fidelity Freedom IndexPairCorr
  0.67FROGX Fidelity Municipal IncomePairCorr
  0.79FRQHX Fidelity Managed RetPairCorr
  0.85FRQIX Fidelity Income ReplPairCorr

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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