Fidelity Freedom Correlations

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 signals in price.

Moving together with Fidelity Mutual Fund

0.69	VLXVX	Vanguard Target Reti	Pair Corr
0.64	FBMTX	American Funds 2065	Pair Corr
0.76	RCPTX	American Funds 2065	Pair Corr
0.64	FAXTX	American Funds 2065	Pair Corr
0.63	RBEOX	American Funds 2065	Pair Corr
0.63	AAOTX	American Funds 2065	Pair Corr
0.64	RDLTX	American Funds 2065	Pair Corr
0.75	RHLTX	American Funds 2065	Pair Corr
0.64	RFVTX	American Funds 2065	Pair Corr
0.75	RBOTX	American Funds 2065	Pair Corr
0.7	HLDIX	Hartford Emerging	Pair Corr
0.7	HLDRX	Hartford Emerging	Pair Corr
0.7	HLDAX	Hartford Emerging	Pair Corr
0.69	HLDCX	Hartford Emerging	Pair Corr
0.69	HLDTX	Hartford Emerging	Pair Corr
0.76	PQTNX	Pimco Trends Managed	Pair Corr
0.69	EKJAX	Wells Fargo Premier	Pair Corr
0.72	PHYEX	Pgim High Yield	Pair Corr
0.72	FAFRX	Franklin Floating Rate	Pair Corr
0.64	QCBGX	Federated Mdt Balanced	Pair Corr
0.63	TEPSX	Technology Ultrasector	Pair Corr
0.66	NECLX	Loomis Sayles Limited	Pair Corr

Related Correlations Analysis

	FTIXX	FIKBX	PSSRX	GCFSX	MSVIX	DVFYX	FNPIX	FIDAX
FTIXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FTIXX
FIKBX	0.0		0.92	0.58	0.9	0.92	0.9	0.94	FIKBX
PSSRX	0.0	0.92		0.56	0.83	0.96	0.99	0.86	PSSRX
GCFSX	0.0	0.58	0.56		0.72	0.59	0.54	0.46	GCFSX
MSVIX	0.0	0.9	0.83	0.72		0.9	0.8	0.75	MSVIX
DVFYX	0.0	0.92	0.96	0.59	0.9		0.95	0.8	DVFYX
FNPIX	0.0	0.9	0.99	0.54	0.8	0.95		0.86	FNPIX
FIDAX	0.0	0.94	0.86	0.46	0.75	0.8	0.86		FIDAX
	FTIXX	FIKBX	PSSRX	GCFSX	MSVIX	DVFYX	FNPIX	FIDAX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FNPIX	+ 0.99	PSSRX
DVFYX	+ 0.96	PSSRX
FNPIX	+ 0.95	DVFYX
FIDAX	+ 0.94	FIKBX
PSSRX	+ 0.92	FIKBX
DVFYX	+ 0.92	FIKBX

High negative correlations

FIDAX	- 0.0	FTIXX
FNPIX	- 0.0	FTIXX
DVFYX	- 0.0	FTIXX
MSVIX	- 0.0	FTIXX
GCFSX	- 0.0	FTIXX
PSSRX	- 0.0	FTIXX

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
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIKBX	0.70	0.12	0.02	(0.46)	0.82	(0.73)	1.68	(1.42)	4.15
PSSRX	0.66	(0.04)	(0.03)	0.05	0.84	(0.72)	1.32	(1.54)	3.86
GCFSX	0.63	0.17	0.10	(1.89)	0.51	(0.67)	1.50	(1.19)	3.66
MSVIX	0.77	0.16	0.08	(2.97)	0.68	(0.87)	1.54	(1.30)	4.28
DVFYX	0.60	0.04	0.04	0.12	0.68	(0.62)	1.25	(1.37)	3.62
FNPIX	0.95	(0.07)	(0.01)	0.04	1.23	(0.97)	1.87	(2.46)	5.16
FIDAX	0.65	0.06	(0.05)	(0.20)	0.78	(0.63)	1.30	(1.54)	3.61

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