Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom Blend
FHQEX Fund  USD 15.11  0.06  0.40%   
The current 90-days correlation between Fidelity Freedom Blend and Fidelity Freedom 2015 is 0.07 (i.e., Significant 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

Average diversification

The correlation between Fidelity Freedom Blend and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom Blend 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 Blend. 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 services.

Moving together with Fidelity Mutual Fund

  0.81FPTKX Fidelity Freedom 2015PairCorr
  0.68FPURX Fidelity PuritanPairCorr
  0.67FPUKX Fidelity PuritanPairCorr
  0.8FQIFX Fidelity Freedom IndexPairCorr
  0.85FQIPX Fidelity Freedom IndexPairCorr
  0.86FQLSX Fidelity Flex FreedomPairCorr
  1.0FRBDX Fidelity Freedom 2070PairCorr
  1.0FRBEX Fidelity Freedom 2070PairCorr
  0.86FRBHX Fidelity Freedom 2070PairCorr
  0.99FRBJX Fidelity Advisor FreedomPairCorr
  0.69FRBKX Fidelity Advisor FreedomPairCorr
  0.98FRBLX Fidelity Advisor FreedomPairCorr
  0.84FRBOX Fidelity Advisor FreedomPairCorr
  0.84FRBPX Fidelity Advisor FreedomPairCorr
  1.0FRBQX Fidelity Flex FreedomPairCorr
  0.85FRBUX Fidelity Freedom IndexPairCorr
  0.99FRBVX Fidelity Freedom IndexPairCorr
  0.85FRBWX Fidelity Freedom IndexPairCorr
  1.0FRBYX Fidelity Freedom BlendPairCorr
  0.85FRBZX Fidelity Freedom BlendPairCorr
  0.84FRAGX Aggressive GrowthPairCorr
  0.87FRAMX Fidelity Income ReplPairCorr
  0.76FRASX Fidelity Income ReplPairCorr
  1.0FRCFX Fidelity Freedom BlendPairCorr
  0.85FRCHX Fidelity Freedom BlendPairCorr
  0.85FRCKX Fidelity Freedom BlendPairCorr
  0.7FRCLX Fidelity Freedom BlendPairCorr
  1.0FRCNX Fidelity Freedom BlendPairCorr
  0.86FRCPX Fidelity Freedom BlendPairCorr
  0.99FRCQX Fidelity SustainablePairCorr
  0.99FRCRX Fidelity SustainablePairCorr
  0.99FRCVX Fidelity SustainablePairCorr
  0.85FRCWX Fidelity SustainablePairCorr
  0.99FRCYX Fidelity SustainablePairCorr
  0.71FRDCX Fidelity SustainablePairCorr
  0.85FRDDX Fidelity SustainablePairCorr
  0.99FRDEX Fidelity SustainablePairCorr
  0.84FRGAX Growth Allocation IndexPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPTKX  0.21 (0.02)(0.17) 0.01  0.25 
(0.24)
 0.48 
(0.48)
 1.37 
FPURX  0.44  0.04  0.01  0.16  0.49 
(0.45)
 1.27 
(1.10)
 3.31 
FPUKX  0.44  0.04  0.00  0.15  0.51 
(0.47)
 1.31 
(1.06)
 3.27 
FPXTX  0.08  0.01 (0.38) 1.70  0.00 
(0.13)
 0.19 
(0.19)
 0.48 
FQIFX  0.29 (0.02)(0.12) 0.01  0.40 
(0.28)
 0.63 
(0.66)
 1.72 
FQIPX  0.50 (0.03)(0.05) 0.02  0.76 
(0.47)
 1.00 
(1.12)
 2.86 
FQITX  0.74 (0.09) 0.00 (0.03) 0.00 
 0.00 
 1.09 
(1.50)
 5.11 
FQLSX  0.52 (0.03)(0.05) 0.03  0.78 
(0.48)
 1.04 
(1.17)
 3.05 
FRBDX  0.52  0.03 (0.03) 0.25  0.78 
(0.48)
 1.05 
(1.21)
 3.05 
FRBEX  0.52  0.03 (0.03) 0.27  0.80 
(0.48)
 1.06 
(1.21)
 3.10 

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