Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2015
FFVFX Fund  USD 11.99  0.03  0.25%   
The current 90-days correlation between Fidelity Freedom 2015 and Fidelity Freedom Index is -0.01 (i.e., Good 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

Poor diversification

The correlation between Fidelity Freedom 2015 and DJI is 0.77 (i.e., Poor 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 census.

Moving together with Fidelity Mutual Fund

  0.66FPTKX Fidelity Freedom 2015PairCorr
  0.65FPURX Fidelity PuritanPairCorr
  0.65FPUKX Fidelity PuritanPairCorr
  0.7FPXTX Fidelity PennsylvaniaPairCorr
  0.66FQIFX Fidelity Freedom IndexPairCorr
  0.65FQIPX Fidelity Freedom IndexPairCorr
  0.69FQITX Fidelity Salem StreetPairCorr
  0.65FQLSX Fidelity Flex FreedomPairCorr
  0.65FRBDX Fidelity Freedom 2070PairCorr
  0.98FRBEX Fidelity Freedom 2070PairCorr
  0.98FRBHX Fidelity Freedom 2070PairCorr
  0.99FRBJX Fidelity Advisor FreedomPairCorr
  0.98FRBKX Fidelity Advisor FreedomPairCorr
  0.98FRBLX Fidelity Advisor FreedomPairCorr
  0.99FRBPX Fidelity Advisor FreedomPairCorr
  0.99FRBQX Fidelity Flex FreedomPairCorr
  0.98FRBUX Fidelity Freedom IndexPairCorr
  0.99FRBVX Fidelity Freedom IndexPairCorr
  0.98FRBWX Fidelity Freedom IndexPairCorr
  0.98FRBYX Fidelity Freedom BlendPairCorr
  0.98FRBZX Fidelity Freedom BlendPairCorr
  0.99FRAGX Aggressive GrowthPairCorr
  0.66FRAMX Fidelity Income ReplPairCorr
  1.0FRASX Fidelity Income ReplPairCorr
  0.99FRCFX Fidelity Freedom BlendPairCorr
  0.99FRCHX Fidelity Freedom BlendPairCorr
  0.98FRCLX Fidelity Freedom BlendPairCorr
  0.98FRCPX Fidelity Freedom BlendPairCorr
  0.97FRCQX Fidelity SustainablePairCorr
  0.98FRCRX Fidelity SustainablePairCorr
  0.99FRCVX Fidelity SustainablePairCorr
  0.98FRCWX Fidelity SustainablePairCorr
  0.98FRCYX Fidelity SustainablePairCorr
  0.99FRDCX Fidelity SustainablePairCorr
  0.99FRDDX Fidelity SustainablePairCorr
  0.98FRDEX Fidelity SustainablePairCorr
  0.65FRGAX Growth Allocation IndexPairCorr
  0.73FRIFX Fidelity Real EstatePairCorr
  0.99FRIMX 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
FIKFX  0.19  0.06 (0.23)(2.88) 0.00 
(0.24)
 0.52 
(0.41)
 1.20 
FKIFX  0.19  0.04 (0.20) 0.31  0.00 
(0.25)
 0.47 
(0.37)
 1.31 
FPIFX  0.27  0.06 (0.06) 0.30  0.05 
(0.32)
 0.75 
(0.54)
 1.90 
FQIFX  0.30  0.11  0.04  0.47  0.00 
(0.37)
 0.96 
(0.50)
 2.17 
FPTKX  0.24  0.08 (0.05) 0.48  0.00 
(0.30)
 0.68 
(0.50)
 1.67 
FPURX  0.38  0.15  0.16  0.48  0.00 
(0.46)
 1.28 
(0.43)
 2.85 
FPUKX  0.39  0.15  0.15  0.47  0.00 
(0.46)
 1.32 
(0.43)
 2.90 
FPXTX  0.11  0.00 (0.82) 0.03  0.03 
(0.17)
 0.30 
(0.20)
 0.89 
FQIPX  0.45  0.17  0.21  0.44  0.00 
(0.58)
 1.48 
(0.83)
 3.29 
FQITX  0.55  0.04 (0.03) 0.22  0.66 
(0.59)
 1.26 
(1.14)
 3.58 

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