Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom Blend
The current 90-days correlation between Fidelity Freedom Blend and Ultramid Cap Profund Ultramid Cap is -0.17 (i.e., Good 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 Blend and DJI is 0.09 (i.e., Significant 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. 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

  0.7FPXTX Fidelity PennsylvaniaPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  1.0FRBHX Fidelity Freedom 2070PairCorr
  0.99FRBKX Fidelity Advisor FreedomPairCorr
  1.0FRBUX Fidelity Freedom IndexPairCorr
  1.0FRBVX Fidelity Freedom IndexPairCorr
  1.0FRBWX Fidelity Freedom IndexPairCorr
  0.92FRAMX Fidelity Income ReplPairCorr
  1.0FRCNX Fidelity Freedom BlendPairCorr
  0.93FSELX Fidelity Select SemiPairCorr
  0.92FASIX Fidelity Asset ManagerPairCorr
  0.88FSJPX Fidelity Sai JapanPairCorr
  0.77FAVWX Fidelity Freedom IndexPairCorr
  0.99FAVPX Fidelity Freedom IndexPairCorr
  1.0FAXEX Fidelity Freedom BlendPairCorr
  1.0FAZAX Fidelity Advisor FreedomPairCorr
  0.63FSMTX Fidelity Sai TotalPairCorr
  0.92FSPSX Fidelity InternationalPairCorr
  0.9FSPTX Technology PortfolioPairCorr
  1.0FSNZX Fidelity Freedom 2045PairCorr
  0.77FSSNX Fidelity Small CapPairCorr
  0.92FTAWX Fidelity Asset ManagerPairCorr
  0.93FTDWX Fidelity Asset ManagerPairCorr
  0.93FTCWX Fidelity Asset ManagerPairCorr
  0.7FTIWX Fidelity Asset ManagerPairCorr
  0.88FCLCX Fidelity Advisor IndPairCorr
  0.89FCLAX Fidelity Advisor IndPairCorr

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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