Fidelity Freedom Correlations

Mutual Funds USA . 
Fund . Fidelity Freedom 2030
FFFEX Fund  USD 18.74  0.02  0.11%   
The current 90-days correlation between Fidelity Freedom 2030 and Lord Abbett Diversified is 0.14 (i.e., Average 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

Significant diversification

The correlation between Fidelity Freedom 2030 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2030 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 2030. 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 income.

Moving together with Fidelity Mutual Fund

  0.87FPTKX Fidelity Freedom 2015PairCorr
  0.85FPURX Fidelity PuritanPairCorr
  0.85FPUKX Fidelity PuritanPairCorr
  0.61FPXTX Fidelity PennsylvaniaPairCorr
  0.82FQIFX Fidelity Freedom IndexPairCorr
  0.84FQIPX Fidelity Freedom IndexPairCorr
  0.71FQITX Fidelity Salem StreetPairCorr
  0.84FQLSX Fidelity Flex FreedomPairCorr
  0.93FRBDX Fidelity Freedom 2070PairCorr
  0.93FRBEX Fidelity Freedom 2070PairCorr
  0.85FRBHX Fidelity Freedom 2070PairCorr
  0.84FRBJX Fidelity Advisor FreedomPairCorr
  0.93FRBKX Fidelity Advisor FreedomPairCorr
  0.93FRBLX Fidelity Advisor FreedomPairCorr
  0.93FRBOX Fidelity Advisor FreedomPairCorr
  0.85FRBPX Fidelity Advisor FreedomPairCorr
  0.93FRBQX Fidelity Flex FreedomPairCorr
  0.92FRBUX Fidelity Freedom IndexPairCorr
  0.85FRBVX Fidelity Freedom IndexPairCorr
  0.8FRBWX Fidelity Freedom IndexPairCorr
  0.84FRBZX Fidelity Freedom BlendPairCorr
  0.8FRAGX Aggressive GrowthPairCorr
  0.93FRAMX Fidelity Income ReplPairCorr
  0.87FRASX Fidelity Income ReplPairCorr
  0.86FRCFX Fidelity Freedom BlendPairCorr
  0.93FRCHX Fidelity Freedom BlendPairCorr
  0.93FRCLX Fidelity Freedom BlendPairCorr
  0.85FRCNX Fidelity Freedom BlendPairCorr
  0.86FRCPX Fidelity Freedom BlendPairCorr
  0.92FRCQX Fidelity SustainablePairCorr
  0.92FRCRX Fidelity SustainablePairCorr
  0.92FRCVX Fidelity SustainablePairCorr
  0.92FRCWX Fidelity SustainablePairCorr
  0.85FRCYX Fidelity SustainablePairCorr
  0.85FRDCX Fidelity SustainablePairCorr
  0.92FRDDX Fidelity SustainablePairCorr
  0.92FRDEX Fidelity SustainablePairCorr
  0.84FRGAX Growth Allocation IndexPairCorr
  0.75FRESX Fidelity Real EstatePairCorr
  0.9FRIFX Fidelity Real EstatePairCorr

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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