Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom Index
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. 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

  0.73VTTVX Vanguard Target RetiPairCorr
  0.72AADTX American Funds 2025PairCorr
  0.72CCDTX American Funds 2025PairCorr
  0.73FAPTX American Funds 2025PairCorr
  0.72FSNPX Fidelity Freedom 2025PairCorr
  0.72FFTWX Fidelity Freedom 2025PairCorr
  0.72FDTKX Fidelity Freedom 2025PairCorr
  0.72TREHX T Rowe PricePairCorr
  0.72PARJX T Rowe PricePairCorr
  0.61GPBFX Gmo E PlusPairCorr
  0.81GPMFX Guidepath Managed FuturesPairCorr
  0.79PQTAX Pimco Trends ManagedPairCorr
  0.79PQTNX Pimco Trends ManagedPairCorr
  0.79PQTIX Aa Pimco TrPairCorr
  0.76WARCX Wells Fargo AdvantagePairCorr
  0.64DOXIX Dodge Cox IncomePairCorr
  0.74FAUTX American Funds 2040PairCorr
  0.72RYATX Nasdaq 100 FundPairCorr
  0.79POSKX Primecap Odyssey StockPairCorr
  0.7DD Dupont De NemoursPairCorr
  0.63JPM JPMorgan ChasePairCorr
  0.64CAT CaterpillarPairCorr
  0.76AA Alcoa Corp Earnings Call This WeekPairCorr
  0.82IBM International Business Earnings Call This WeekPairCorr
  0.66AXP American ExpressPairCorr

Moving against Fidelity Mutual Fund

  0.57KO Coca Cola Earnings Call This WeekPairCorr
  0.44DIS Walt DisneyPairCorr

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
FAOTX  0.22  0.05 (0.01)(0.35) 0.00 
(0.28)
 0.55 
(0.34)
 1.63 
FSRIX  0.13  0.05 (0.04)(0.88) 0.00 
(0.19)
 0.33 
(0.17)
 0.76 
RRTBX  0.23  0.05  0.00 (0.39) 0.14 
(0.27)
 0.62 
(0.36)
 2.18 
TRIRX  0.64  0.12  0.06 (0.38) 0.82 
(0.68)
 1.32 
(1.20)
 5.16 
SGOIX  0.47  0.16  0.18 (0.83) 0.30 
(0.56)
 1.16 
(0.89)
 2.82 
APGCX  0.56  0.06  0.00 (0.16) 0.78 
(0.58)
 1.32 
(1.04)
 4.95 
TRMIX  0.66  0.05  0.00 (0.29) 0.74 
(0.77)
 1.70 
(0.96)
 5.63 
OTCKX  0.64  0.00  0.00  0.03  0.00 
 0.00 
 1.28 
(1.09)
 4.41 
EGFIX  0.74 (0.01) 0.00  0.08  0.00 
 0.00 
 1.32 
(1.81)
 5.13 
USSPX  0.48  0.09  0.04 (0.37) 0.55 
(0.53)
 1.12 
(0.66)
 4.20 

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