Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2015
FFVFX Fund  USD 12.52  0.01  0.08%   
The current 90-days correlation between Fidelity Freedom 2015 and Vanguard Core Bond is 0.49 (i.e., Very weak 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 good diversification

The correlation between Fidelity Freedom 2015 and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2015 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 2015. 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 price.

Moving together with Fidelity Mutual Fund

  0.93FPTKX Fidelity Freedom 2015PairCorr
  0.91FPUKX Fidelity PuritanPairCorr
  0.91FPXTX Fidelity PennsylvaniaPairCorr
  0.93FQIFX Fidelity Freedom IndexPairCorr
  0.92FQIPX Fidelity Freedom IndexPairCorr
  0.75FQITX Fidelity Salem StreetPairCorr
  0.92FQLSX Fidelity Flex FreedomPairCorr
  0.92FRBDX Fidelity Freedom 2070PairCorr
  0.98FRBEX Fidelity Freedom 2070PairCorr
  0.92FRBHX Fidelity Freedom 2070PairCorr
  0.91FRBJX Fidelity Advisor FreedomPairCorr
  0.98FRBKX Fidelity Advisor FreedomPairCorr
  0.91FRBLX Fidelity Advisor FreedomPairCorr
  0.91FRBOX Fidelity Advisor FreedomPairCorr
  0.91FRBPX Fidelity Advisor FreedomPairCorr
  0.98FRBQX Fidelity Flex FreedomPairCorr
  0.92FRBUX Fidelity Freedom IndexPairCorr
  0.92FRBVX Fidelity Freedom IndexPairCorr
  0.92FRBWX Fidelity Freedom IndexPairCorr
  0.92FRBYX Fidelity Freedom BlendPairCorr
  0.83FRBZX Fidelity Freedom BlendPairCorr
  0.92FRAGX Aggressive GrowthPairCorr
  0.93FRAMX Fidelity Income ReplPairCorr
  0.93FRASX Fidelity Income ReplPairCorr
  0.83FRCFX Fidelity Freedom BlendPairCorr
  0.92FRCHX Fidelity Freedom BlendPairCorr
  0.97FRCKX Fidelity Freedom BlendPairCorr
  0.91FRCLX Fidelity Freedom BlendPairCorr
  0.92FRCNX Fidelity Freedom BlendPairCorr
  0.92FRCPX Fidelity Freedom BlendPairCorr
  0.92FRCQX Fidelity SustainablePairCorr
  0.92FRCRX Fidelity SustainablePairCorr
  0.83FRCVX Fidelity SustainablePairCorr
  0.98FRCWX Fidelity SustainablePairCorr
  0.92FRCYX Fidelity SustainablePairCorr
  0.97FRDCX Fidelity SustainablePairCorr
  0.92FRDDX Fidelity SustainablePairCorr
  0.98FRDEX Fidelity SustainablePairCorr
  0.99FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JBND
+ 1.0
VCRB
FFANX
+ 1.0
FASIX
BOND
+ 0.97
FASIX
BOND
+ 0.97
VUSUX
FFANX
+ 0.94
BOND
BOND
+ 0.92
JBND
  

High negative correlations

BOND
- 0.22
BTC
BTC
- 0.21
JBND
BTC
- 0.2
VCRB
VUSUX
- 0.16
BTC
FASIX
- 0.1
BTC
FGDIX
- 0.08
BTC

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
VCRB  0.18  0.05 (0.03)(0.52) 0.00 
(0.21)
 0.43 
(0.23)
 1.07 
QQQI  0.47  0.11  0.06 (0.40) 0.63 
(0.49)
 1.10 
(0.87)
 4.41 
JBND  0.18  0.05 (0.02)(0.53) 0.00 
(0.23)
 0.46 
(0.23)
 1.09 
FIFGX  0.68 (0.02) 0.00 (0.19) 0.00 
 0.00 
 1.18 
(1.07)
 4.05 
BTC  1.71 (0.13) 0.00 (2.96) 0.00 
 0.00 
 2.80 
(3.64)
 9.23 
FASIX  0.17  0.05 (0.03)(0.47) 0.00 
(0.23)
 0.42 
(0.22)
 1.20 
VUSUX  0.47  0.09  0.08 (0.65) 0.28 
(0.61)
 1.36 
(0.64)
 2.41 
FGDIX  1.47  0.54  0.23  1.50  1.68 
(1.67)
 3.39 
(2.83)
 8.68 
BOND  0.19  0.06  0.03 (0.67) 0.00 
(0.25)
 0.47 
(0.25)
 1.09 
FFANX  0.26  0.06  0.02 (0.48) 0.16 
(0.31)
 0.74 
(0.36)
 2.08 

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