Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Blend
FRCNX Fund   11.99  0.13  1.10%   
The current 90-days correlation between Fidelity Freedom Blend and Elfun Diversified Fund is 0.07 (i.e., Significant 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

Average diversification

The correlation between Fidelity Freedom Blend and DJI is 0.1 (i.e., Average 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 state.

Moving together with Fidelity Mutual Fund

  0.88FPTKX Fidelity Freedom 2015PairCorr
  0.75FPURX Fidelity PuritanPairCorr
  0.78FPXTX Fidelity PennsylvaniaPairCorr
  0.91FQLSX Fidelity Flex FreedomPairCorr
  1.0FRBHX Fidelity Freedom 2070PairCorr
  1.0FRBKX Fidelity Advisor FreedomPairCorr
  0.9FRBUX Fidelity Freedom IndexPairCorr
  0.99FRBVX Fidelity Freedom IndexPairCorr
  0.99FRBWX Fidelity Freedom IndexPairCorr
  0.93FRAMX Fidelity Income ReplPairCorr
  0.82FSAWX Fidelity Sai ConvertiblePairCorr
  0.89FSELX Fidelity Select SemiPairCorr
  0.86FASIX Fidelity Asset ManagerPairCorr
  0.9FSJPX Fidelity Sai JapanPairCorr
  0.99FAVWX Fidelity Freedom IndexPairCorr
  0.99FAVPX Fidelity Freedom IndexPairCorr
  1.0FAXEX Fidelity Freedom BlendPairCorr
  1.0FAZAX Fidelity Advisor FreedomPairCorr
  0.69FSMTX Fidelity Sai TotalPairCorr
  0.85FSPSX Fidelity InternationalPairCorr
  0.9FSPTX Technology PortfolioPairCorr
  0.9FSNZX Fidelity Freedom 2045PairCorr
  0.65FSSNX Fidelity Small CapPairCorr
  0.94FTAWX Fidelity Asset ManagerPairCorr
  0.94FTDWX Fidelity Asset ManagerPairCorr
  0.87FTCWX Fidelity Asset ManagerPairCorr
  0.63FTHCX Fidelity Advisor TecPairCorr
  0.86FTIWX Fidelity Asset ManagerPairCorr
  0.8FCLCX Fidelity Advisor IndPairCorr
  0.82FCLAX Fidelity Advisor IndPairCorr
  0.79FCMAX Fidelity CaliforniaPairCorr

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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