Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2045
FFFGX Fund  USD 15.96  0.13  0.82%   
The current 90-days correlation between Fidelity Freedom 2045 and Ab Impact Municipal is 0.23 (i.e., Modest 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 poor diversification

The correlation between Fidelity Freedom 2045 and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2045 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 2045. 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 rate.

Moving together with Fidelity Mutual Fund

  0.72FPTKX Fidelity Freedom 2015PairCorr
  0.68FPURX Fidelity PuritanPairCorr
  0.8FRCNX Fidelity Freedom BlendPairCorr
  0.7FSAWX Fidelity Sai ConvertiblePairCorr
  0.76FSPSX Fidelity InternationalPairCorr
  0.78FTAWX Fidelity Asset ManagerPairCorr
  0.67FCLCX Fidelity Advisor IndPairCorr
  0.68FCLAX Fidelity Advisor IndPairCorr
  0.61FCMAX Fidelity CaliforniaPairCorr
  0.78FCLKX Fidelity Large CapPairCorr
  0.82FDIKX Fidelity DiversifiedPairCorr
  0.84FDSSX Fidelity Stock SelectorPairCorr
  0.77FFCMX Fidelity Asset ManagerPairCorr
  0.75FWWFX Fidelity WorldwidePairCorr
  0.78FFNOX Fidelity Four-in-onePairCorr
  0.94FGDKX Fidelity Growth DiscoveryPairCorr
  0.61FGVMX Fidelity New MarketsPairCorr
  0.78FHAYX Fidelity Freedom BlendPairCorr
  0.88FHEFX Fidelity Freedom BlendPairCorr
  0.82FZABX Fidelity Advisor DivPairCorr
  0.8FHRVX Fidelity Managed RetPairCorr
  0.78FHXEX Fidelity Freedom BlendPairCorr
  0.66FIAFX Fidelity Advisor FreedomPairCorr
  0.87FZTKX Fidelity Freedom 2050PairCorr
  0.73FIKEX Fidelity Advisor IndPairCorr

Moving against Fidelity Mutual Fund

  0.39FSRBX Banking Portfolio BankingPairCorr
  0.39FIKBX 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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