Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Income
FFFAX Fund  USD 11.41  0.01  0.09%   
The current 90-days correlation between Fidelity Freedom Income and T Rowe Price is 0.13 (i.e., Average 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

Significant diversification

The correlation between Fidelity Freedom Income and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom Income 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 Income. 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 nation.

Moving together with Fidelity Mutual Fund

  0.74FPTKX Fidelity Freedom 2015PairCorr
  0.73FPURX Fidelity PuritanPairCorr
  1.0FRAMX Fidelity Income ReplPairCorr
  0.68FRCNX Fidelity Freedom BlendPairCorr
  0.63FAERX Fidelity Advisor OverseasPairCorr
  0.66FSAWX Fidelity Sai ConvertiblePairCorr
  0.62FSJPX Fidelity Sai JapanPairCorr
  0.9FSMTX Fidelity Sai TotalPairCorr
  0.68FSPSX Fidelity InternationalPairCorr
  0.63FSTDX Fidelity Series 5PairCorr
  0.74FTAWX Fidelity Asset ManagerPairCorr
  0.68FBTCX Fidelity Advisor BioPairCorr
  0.61FCMAX Fidelity CaliforniaPairCorr
  0.71FCLKX Fidelity Large CapPairCorr
  0.66FDIKX Fidelity DiversifiedPairCorr
  0.69FDSSX Fidelity Stock SelectorPairCorr
  0.72FFCMX Fidelity Asset ManagerPairCorr
  0.71FFNOX Fidelity Four-in-onePairCorr
  0.8FGDKX Fidelity Growth DiscoveryPairCorr
  0.74FHAYX Fidelity Freedom BlendPairCorr
  0.69FHEFX Fidelity Freedom BlendPairCorr
  0.65FHNFX Fidelity Series GovePairCorr
  0.66FZABX Fidelity Advisor DivPairCorr
  0.74FHRVX Fidelity Managed RetPairCorr
  0.69FHXEX Fidelity Freedom BlendPairCorr

Moving against Fidelity Mutual Fund

  0.33FSRBX Banking Portfolio BankingPairCorr
  0.38FIKBX Fidelity Advisor FinPairCorr

Related Correlations Analysis


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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