Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom 2035
FSNUX Fund  USD 16.09  0.11  0.69%   
The current 90-days correlation between Fidelity Freedom 2035 and Global Diversified Income is 0.41 (i.e., Very 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

Good diversification

The correlation between Fidelity Freedom 2035 and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2035 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 2035. 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 employment.

Moving together with Fidelity Mutual Fund

  0.79FPTKX Fidelity Freedom 2015PairCorr
  0.97FQIFX Fidelity Freedom IndexPairCorr
  0.86FQIPX Fidelity Freedom IndexPairCorr
  0.69FQITX Fidelity Salem StreetPairCorr
  0.86FQLSX Fidelity Flex FreedomPairCorr
  0.97FRBDX Fidelity Freedom 2070PairCorr
  0.81FRBEX Fidelity Freedom 2070PairCorr
  0.98FRBHX Fidelity Freedom 2070PairCorr
  0.82FRBKX Fidelity Advisor FreedomPairCorr
  0.98FRBLX Fidelity Advisor FreedomPairCorr
  0.99FRBOX Fidelity Advisor FreedomPairCorr
  0.86FRBPX Fidelity Advisor FreedomPairCorr
  0.97FRBUX Fidelity Freedom IndexPairCorr
  0.97FRBYX Fidelity Freedom BlendPairCorr
  0.78FRAGX Aggressive GrowthPairCorr
  0.72FRASX Fidelity Income ReplPairCorr
  0.97FRCFX Fidelity Freedom BlendPairCorr
  0.81FRCKX Fidelity Freedom BlendPairCorr
  0.98FRCLX Fidelity Freedom BlendPairCorr
  0.95FRCWX Fidelity SustainablePairCorr
  0.94FRDCX Fidelity SustainablePairCorr
  0.83FRGAX Growth Allocation IndexPairCorr
  0.72FRESX Fidelity Real EstatePairCorr
  0.69FRIMX Fidelity Income ReplPairCorr
  0.69FRHMX Fidelity Managed RetPairCorr
  0.69FRKMX Fidelity Managed RetPairCorr
  0.86FRLPX Fidelity Freedom IndexPairCorr
  0.69FRQHX Fidelity Managed RetPairCorr
  0.7FRQIX Fidelity Income ReplPairCorr
  0.64FRQKX Fidelity Managed RetPairCorr

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.

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