Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom Index
FVIPX Fund  USD 16.11  0.06  0.37%   
The current 90-days correlation between Fidelity Freedom Index and Rbc Emerging Markets is 0.89 (i.e., Very poor 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

Almost no diversification

The correlation between Fidelity Freedom Index and DJI is 0.95 (i.e., Almost no 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, which includes a position in Fidelity Freedom Index. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

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
  1.0AAOTX American Funds 2065PairCorr
  1.0RDLTX American Funds 2065PairCorr
  1.0RHLTX American Funds 2065PairCorr
  1.0RFVTX American Funds 2065PairCorr
  1.0RBOTX American Funds 2065PairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.92FGBRX Templeton Global BondPairCorr
  0.92CAT CaterpillarPairCorr
  0.87MMM 3M CompanyPairCorr
  0.61INTC Intel Aggressive PushPairCorr
  0.69T ATT IncPairCorr
  0.77MSFT MicrosoftPairCorr
  0.62HD Home DepotPairCorr
  0.82DD Dupont De NemoursPairCorr
  0.86DIS Walt DisneyPairCorr
  0.85GE GE AerospacePairCorr
  0.82AA Alcoa CorpPairCorr
  0.86JPM JPMorgan ChasePairCorr
  0.86AXP American ExpressPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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