Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Blend
FRCHX Fund   12.09  0.05  0.41%   
The current 90-days correlation between Fidelity Freedom Blend and Gmo Quality Fund is 0.93 (i.e., Almost no 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 Blend and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom Blend 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 Blend. 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

  0.94FPTKX Fidelity Freedom 2015PairCorr
  0.96FQLSX Fidelity Flex FreedomPairCorr
  1.0FRBEX Fidelity Freedom 2070PairCorr
  1.0FRBPX Fidelity Advisor FreedomPairCorr
  0.96FRAGX Aggressive GrowthPairCorr
  1.0FRCWX Fidelity SustainablePairCorr
  0.93FRQHX Fidelity Managed RetPairCorr
  0.93FRQIX Fidelity Income ReplPairCorr
  0.84FACDX Fidelity Advisor HealthPairCorr
  0.93FADTX Fidelity Advisor TecPairCorr
  0.94FAGIX Fidelity Capital IncomePairCorr
  0.98FALAX Fidelity Advisor LargePairCorr
  0.91FSAGX Gold Portfolio GoldPairCorr
  0.96FSAMX Strategic AdvisersPairCorr
  0.93FSAWX Fidelity Sai ConvertiblePairCorr
  0.91FSAZX Fidelity Arizona MunPairCorr
  0.67FANIX Fidelity Advisor Energy Steady GrowthPairCorr
  0.68FANAX Fidelity Advisor Energy Steady GrowthPairCorr
  0.96FAMRX Fidelity Asset ManagerPairCorr
  0.84FSCEX Fidelity Advisor SmallPairCorr
  0.78FSCIX Fidelity Advisor SmallPairCorr
  0.86FSDAX Defense And Aerospace Steady GrowthPairCorr
  0.93FSELX Fidelity Select SemiPairCorr
  0.67FSENX Fidelity Select Port Steady GrowthPairCorr
  0.98FARVX Fidelity Income ReplPairCorr
  0.98FARFX Fidelity Income ReplPairCorr
  0.94FASIX Fidelity Asset ManagerPairCorr
  0.98FASDX Fidelity StrategicPairCorr
  0.9FSHGX Fidelity Sai HighPairCorr
  0.91FATIX Fidelity Advisor TecPairCorr
  0.93FATEX Fidelity Advisor TecPairCorr
  0.94FSIDX Fidelity StrategicPairCorr
  0.96FSKAX Fidelity Total MarketPairCorr
  0.97FSNKX Fidelity Freedom 2010PairCorr

Related Correlations Analysis


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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