Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2025
FFTWX Fund  USD 14.67  0.08  0.55%   
The current 90-days correlation between Fidelity Freedom 2025 and Fidelity Freedom 2020 is 0.99 (i.e., No risk reduction). 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 2025 and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2025 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 2025. 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 housing.

Moving together with Fidelity Mutual Fund

  1.0VTTVX Vanguard Target RetiPairCorr
  1.0AADTX American Funds 2025PairCorr
  1.0CCDTX American Funds 2025PairCorr
  1.0FAPTX American Funds 2025PairCorr
  1.0FSNPX Fidelity Freedom 2025PairCorr
  1.0FDTKX Fidelity Freedom 2025PairCorr
  1.0TREHX T Rowe PricePairCorr
  0.98SMPSX Semiconductor UltrasectorPairCorr
  0.98SMPIX Semiconductor UltrasectorPairCorr
  0.95TREMX T Rowe PricePairCorr
  0.98ONERX One Rock FundPairCorr
  0.96TTEEX T Rowe PricePairCorr
  0.99FIKGX Fidelity Advisor SemPairCorr
  0.99FELIX Fidelity Advisor SemPairCorr
  0.99FSELX Fidelity Select SemiPairCorr
  0.99FELAX Fidelity Advisor SemPairCorr
  0.99FELTX Fidelity Advisor SemPairCorr
  0.99GSHAX Goldman Sachs HighPairCorr
  0.98WSCJX Wells Fargo SmallPairCorr
  0.99GSHUX Goldman Sachs HighPairCorr
  0.98KAGCX Kensington Dynamic GrowthPairCorr
  0.92KCLSX Knights Of UmbusPairCorr
  0.94LBAFX Legg Mason BwPairCorr
  0.96DTSVX Small Pany ValuePairCorr
  0.94FTUTX TelecommunicationsPairCorr
  0.98WTMVX Westcore Global LargePairCorr
  0.98POAGX Primecap Odyssey AggPairCorr
  0.99DGINX Dgi BalancedPairCorr
  0.95RINTX International DevelopedPairCorr
  0.97HBLYX Hartford BalancedPairCorr
  1.0RRTLX T Rowe PricePairCorr
  0.99ASTAX Strategic Allocation:PairCorr
  0.94JDSNX Perkins Small CapPairCorr
  0.98FASCX Franklin K2 AlternativePairCorr
  0.86EMPIX Ambassador FundPairCorr
  0.93DVLRX Delaware Small CapPairCorr

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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