Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2065
FFSZX Fund  USD 14.65  0.02  0.14%   
The current 90-days correlation between Fidelity Freedom 2065 and Fidelity Freedom 2015 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

Very poor diversification

The correlation between Fidelity Freedom 2065 and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2065 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 2065. 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 nation.

Moving together with Fidelity Mutual Fund

  0.99FPTKX Fidelity Freedom 2015PairCorr
  1.0FPURX Fidelity PuritanPairCorr
  1.0FPUKX Fidelity PuritanPairCorr
  0.64FPXTX Fidelity PennsylvaniaPairCorr
  0.99FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.85FQITX Fidelity Salem StreetPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  0.99FRBDX Fidelity Freedom 2070PairCorr
  0.99FRBEX Fidelity Freedom 2070PairCorr
  0.99FRBJX Fidelity Advisor FreedomPairCorr
  1.0FRBKX Fidelity Advisor FreedomPairCorr
  0.99FRBPX Fidelity Advisor FreedomPairCorr
  0.99FRBQX Fidelity Flex FreedomPairCorr
  0.99FRBUX Fidelity Freedom IndexPairCorr
  0.99FRBYX Fidelity Freedom BlendPairCorr
  0.99FRBZX Fidelity Freedom BlendPairCorr
  1.0FRAGX Aggressive GrowthPairCorr
  0.96FRAMX Fidelity Income ReplPairCorr
  0.98FRASX Fidelity Income ReplPairCorr
  0.99FRCHX Fidelity Freedom BlendPairCorr
  0.99FRCLX Fidelity Freedom BlendPairCorr
  0.99FRCQX Fidelity SustainablePairCorr
  0.99FRCRX Fidelity SustainablePairCorr
  0.99FRCWX Fidelity SustainablePairCorr
  0.99FRDCX Fidelity SustainablePairCorr
  1.0FRDDX Fidelity SustainablePairCorr
  1.0FRGAX Growth Allocation IndexPairCorr
  0.69FRESX Fidelity Real EstatePairCorr
  0.87FRIFX Fidelity Real EstatePairCorr
  0.97FRIMX Fidelity Income ReplPairCorr
  0.88FRINX Fidelity Real EstatePairCorr
  0.89FRIOX Fidelity Real EstatePairCorr
  0.88FRIQX Fidelity Real EstatePairCorr
  0.97FRHMX Fidelity Managed RetPairCorr
  0.96FRKMX Fidelity Managed RetPairCorr
  0.88FRIRX Fidelity Real EstatePairCorr
  1.0FRLPX Fidelity Freedom IndexPairCorr
  0.96FRQHX Fidelity Managed RetPairCorr
  0.97FRQIX Fidelity Income ReplPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPTKX  0.24  0.06 (0.16) 0.37  0.00 
(0.29)
 0.68 
(0.50)
 1.67 
FPURX  0.39  0.08  0.01  0.31  0.00 
(0.45)
 1.28 
(0.78)
 2.85 
FPUKX  0.40  0.08  0.01  0.31  0.00 
(0.46)
 1.32 
(0.78)
 2.90 
FPXTX  0.12 (0.01)(0.85)(0.05) 0.11 
(0.18)
 0.30 
(0.20)
 0.89 
FQIFX  0.31  0.07 (0.06) 0.33  0.00 
(0.36)
 0.96 
(0.60)
 2.17 
FQIPX  0.45  0.12  0.09  0.35  0.07 
(0.56)
 1.48 
(0.87)
 3.29 
FQITX  0.54  0.06 (0.05) 0.31  0.62 
(0.60)
 1.27 
(1.14)
 3.58 
FQLSX  0.45  0.13  0.10  0.37  0.00 
(0.57)
 1.53 
(0.84)
 3.33 
FRBDX  0.48  0.23  0.07 (3.38) 0.26 
(0.60)
 1.61 
(1.11)
 3.27 
FRBEX  0.47  0.23  0.07 (4.07) 0.22 
(0.58)
 1.61 
(1.11)
 3.18 

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