Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Blend
FRCKX Fund   11.26  0.07  0.62%   
The current 90-days correlation between Fidelity Freedom Blend and Qs Growth Fund is -0.09 (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

Good diversification

The correlation between Fidelity Freedom Blend and DJI is -0.08 (i.e., Good 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 industry.

Moving together with Fidelity Mutual Fund

  1.0VLXVX Vanguard Target RetiPairCorr
  1.0FBMTX American Funds 2065PairCorr
  1.0RCPTX American Funds 2065PairCorr
  1.0FAXTX American Funds 2065PairCorr
  1.0RBEOX American Funds 2065PairCorr
  0.92AAOTX American Funds 2065PairCorr
  1.0RDLTX American Funds 2065PairCorr
  1.0RHLTX American Funds 2065PairCorr
  1.0RFVTX American Funds 2065PairCorr
  1.0RBOTX American Funds 2065PairCorr
  1.0GGIZX Balanced AllocationPairCorr
  0.89WAYRX Western Asset HighPairCorr
  0.86TEQAX Touchstone SustainabilityPairCorr
  0.87VPACX Vanguard Pacific StockPairCorr
  0.87VMNVX Vanguard Global MinimumPairCorr
  0.74PCMBX California IntermediatePairCorr
  0.87RYPIX Transportation FundPairCorr
  0.99PCGQX Prudential Income BuilderPairCorr
  0.92IISPX Voya Solution 2055PairCorr
  0.88HILTX Hartford InternationalPairCorr
  0.93PLFIX Largecap Sp 500PairCorr
  0.8DLY Doubleline Yield OppPairCorr
  0.89SIVIX State Street InstituPairCorr
  0.84TFSLX Touchstone FlexiblePairCorr
  0.91EVFCX Evaluator ConservativePairCorr
  0.61OCMAX Ocm Mutual FundPairCorr

Related Correlations Analysis

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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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