Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom Index
FTYPX Fund  USD 24.91  0.18  0.70%   
The current 90-days correlation between Fidelity Freedom Index and Maryland Tax Free Bond is 0.06 (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

Poor diversification

The correlation between Fidelity Freedom Index and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom Index 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 inflation.

Moving together with Fidelity Mutual Fund

  0.84FPURX Fidelity PuritanPairCorr
  0.84FPUKX Fidelity PuritanPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.67FQITX Fidelity Salem StreetPairCorr
  0.99FQLSX Fidelity Flex FreedomPairCorr
  0.97FRBDX Fidelity Freedom 2070PairCorr
  0.76FRBEX Fidelity Freedom 2070PairCorr
  0.97FRBHX Fidelity Freedom 2070PairCorr
  0.78FRBJX Fidelity Advisor FreedomPairCorr
  0.97FRBKX Fidelity Advisor FreedomPairCorr
  0.77FRBLX Fidelity Advisor FreedomPairCorr
  0.77FRBNX Fidelity Advisor FreedomPairCorr
  0.79FRBOX Fidelity Advisor FreedomPairCorr
  0.8FRBPX Fidelity Advisor FreedomPairCorr
  0.8FRBQX Fidelity Flex FreedomPairCorr
  1.0FRBUX Fidelity Freedom IndexPairCorr
  0.8FRBVX Fidelity Freedom IndexPairCorr
  1.0FRBWX Fidelity Freedom IndexPairCorr
  0.98FRBYX Fidelity Freedom BlendPairCorr
  0.8FRBZX Fidelity Freedom BlendPairCorr
  0.79FRAGX Aggressive GrowthPairCorr
  0.68FRASX Fidelity Income ReplPairCorr
  0.98FRCFX Fidelity Freedom BlendPairCorr
  0.98FRCHX Fidelity Freedom BlendPairCorr
  0.77FRCKX Fidelity Freedom BlendPairCorr
  0.96FRCLX Fidelity Freedom BlendPairCorr
  0.79FRCNX Fidelity Freedom BlendPairCorr
  0.8FRCPX Fidelity Freedom BlendPairCorr
  0.97FRCQX Fidelity SustainablePairCorr
  0.96FRCRX Fidelity SustainablePairCorr
  0.97FRCVX Fidelity SustainablePairCorr
  0.96FRCWX Fidelity SustainablePairCorr
  0.74FRCYX Fidelity SustainablePairCorr
  0.93FRDCX Fidelity SustainablePairCorr
  0.96FRDDX Fidelity SustainablePairCorr
  0.75FRDEX Fidelity SustainablePairCorr

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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