Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2040
FHTKX Fund  USD 12.50  0.01  0.08%   
The current 90-days correlation between Fidelity Freedom 2040 and Vanguard Global Equity is 0.07 (i.e., Significant 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

Good diversification

The correlation between Fidelity Freedom 2040 and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2040 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 2040. 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 industry.

Moving together with Fidelity Mutual Fund

  0.74FPTKX Fidelity Freedom 2015PairCorr
  0.78FPURX Fidelity PuritanPairCorr
  0.78FPUKX Fidelity PuritanPairCorr
  0.74FQIFX Fidelity Freedom IndexPairCorr
  0.74FQIPX Fidelity Freedom IndexPairCorr
  0.74FQLSX Fidelity Flex FreedomPairCorr
  0.75FRBDX Fidelity Freedom 2070PairCorr
  0.75FRBEX Fidelity Freedom 2070PairCorr
  0.75FRBHX Fidelity Freedom 2070PairCorr
  0.74FRBJX Fidelity Advisor FreedomPairCorr
  0.75FRBKX Fidelity Advisor FreedomPairCorr
  0.75FRBLX Fidelity Advisor FreedomPairCorr
  0.85FRBOX Fidelity Advisor FreedomPairCorr
  0.74FRBPX Fidelity Advisor FreedomPairCorr
  0.74FRBQX Fidelity Flex FreedomPairCorr
  0.75FRBUX Fidelity Freedom IndexPairCorr
  0.74FRBVX Fidelity Freedom IndexPairCorr
  0.75FRBWX Fidelity Freedom IndexPairCorr
  0.75FRBYX Fidelity Freedom BlendPairCorr
  0.75FRBZX Fidelity Freedom BlendPairCorr
  0.75FRAGX Aggressive GrowthPairCorr
  0.71FRAMX Fidelity Income ReplPairCorr
  0.73FRASX Fidelity Income ReplPairCorr
  0.74FRCFX Fidelity Freedom BlendPairCorr
  0.74FRCHX Fidelity Freedom BlendPairCorr
  1.0FRCKX Fidelity Freedom BlendPairCorr
  0.75FRCLX Fidelity Freedom BlendPairCorr
  0.85FRCNX Fidelity Freedom BlendPairCorr
  0.75FRCPX Fidelity Freedom BlendPairCorr
  0.72FRCQX Fidelity SustainablePairCorr
  0.75FRCRX Fidelity SustainablePairCorr
  0.74FRCVX Fidelity SustainablePairCorr
  0.75FRCWX Fidelity SustainablePairCorr
  0.75FRCYX Fidelity SustainablePairCorr
  0.74FRDCX Fidelity SustainablePairCorr
  0.74FRDDX Fidelity SustainablePairCorr
  0.75FRDEX Fidelity SustainablePairCorr
  0.75FRGAX Growth Allocation IndexPairCorr

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.

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