Fidelity Freedom Correlations

FPTKX Fund

USD 12.44 0.01 0.08%

The current 90-days correlation between Fidelity Freedom 2015 and Fidelity New Markets is 0.45 (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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Freedom 2015. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Fidelity Mutual Fund

1.0	FFVFX	Fidelity Freedom 2015	Pair Corr
1.0	AABTX	American Funds 2015	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.97	VFFSX	Vanguard 500 Index	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTISX	Vanguard Total Inter	Pair Corr
0.97	VTSNX	Vanguard Total Inter	Pair Corr
0.97	VTPSX	Vanguard Total Inter	Pair Corr
0.97	VINIX	Vanguard Institutional	Pair Corr
0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.94	RYATX	Nasdaq 100 Fund	Pair Corr
0.98	FAUTX	American Funds 2040	Pair Corr
0.86	PVFAX	Paradigm Value	Pair Corr
0.94	POSKX	Primecap Odyssey Stock	Pair Corr
0.97	DOXIX	Dodge Cox Income	Pair Corr
0.78	CSFAX	Cohen Steers Global	Pair Corr
0.63	XOM	Exxon Mobil Corp	Pair Corr
0.79	AXP	American Express	Pair Corr
0.72	WMT	Walmart	Pair Corr
0.8	INTC	Intel	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.82	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.72	JPM	JPMorgan Chase	Pair Corr
0.76	DD	Dupont De Nemours	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.78	JNJ	Johnson Johnson	Pair Corr

Moving against Fidelity Mutual Fund

0.7	KO	Coca Cola Earnings Call This Week	Pair Corr
0.68	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	FGWMX	FPQIX	FGVMX	FPPIX	FYMIX	FGYMX	FYMMX	FYMRX	FPTIX
FGWMX		0.8	1.0	0.52	0.92	1.0	0.92	0.92	0.94	FGWMX
FPQIX	0.8		0.8	0.88	0.79	0.8	0.78	0.78	0.89	FPQIX
FGVMX	1.0	0.8		0.52	0.92	1.0	0.92	0.92	0.94	FGVMX
FPPIX	0.52	0.88	0.52		0.6	0.52	0.6	0.6	0.72	FPPIX
FYMIX	0.92	0.79	0.92	0.6		0.92	1.0	1.0	0.91	FYMIX
FGYMX	1.0	0.8	1.0	0.52	0.92		0.92	0.92	0.94	FGYMX
FYMMX	0.92	0.78	0.92	0.6	1.0	0.92		1.0	0.91	FYMMX
FYMRX	0.92	0.78	0.92	0.6	1.0	0.92	1.0		0.91	FYMRX
FPTIX	0.94	0.89	0.94	0.72	0.91	0.94	0.91	0.91		FPTIX
	FGWMX	FPQIX	FGVMX	FPPIX	FYMIX	FGYMX	FYMMX	FYMRX	FPTIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FGWMX	0.17	0.07	0.12	2.20	0.00	(0.24)	0.45	(0.23)	0.97
FPQIX	0.79	0.08	0.01	(0.21)	0.85	(0.88)	1.88	(1.39)	6.02
FGVMX	0.17	0.07	0.13	4.56	0.00	(0.24)	0.38	(0.30)	0.91
FPPIX	0.70	0.02	(0.05)	(0.03)	0.87	(0.75)	1.68	(1.37)	5.74
FYMIX	0.39	0.09	0.06	(0.45)	0.36	(0.49)	0.97	(0.58)	3.31
FGYMX	0.17	0.07	0.11	6.35	0.00	(0.24)	0.38	(0.30)	0.90
FYMMX	0.39	0.09	0.05	(0.47)	0.36	(0.45)	0.89	(0.61)	3.33
FYMRX	0.39	0.09	0.06	(0.45)	0.37	(0.46)	0.97	(0.60)	3.31
FPTIX	0.11	0.02	(0.11)	0.99	0.00	(0.13)	0.30	(0.24)	0.87

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Fidelity Freedom Correlations

Moving together with Fidelity Mutual Fund

Moving against Fidelity Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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