Fidelity Freedom Total Risk Alpha
| FRCPX Fund | | | 12.20 -0.08 -0.65% |
This technical indicator view for Total Risk Alpha organizes signals for Fidelity Freedom Blend and comparable instruments. Some instruments may have limited coverage due to data differences;
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Investing Opportunities to understand diversified portfolio construction. Additional portfolio transparency improves capital positioning. This suggests a position in Fidelity Freedom Blend across the allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
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Fidelity Freedom Blend has current Total Risk Alpha of 0.0539. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0539 | |
| ER[a] | = | Expected return on investing in Fidelity Freedom |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fidelity Freedom |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Fidelity Freedom Total Risk Alpha Peers Comparison
Fidelity Total Risk Alpha Relative To Other Indicators
Fidelity Freedom Blend is rated
second in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
80.22 of Maximum Drawdown per Total Risk Alpha. At
80.22 , Fidelity Freedom Blend's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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