Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Blend
FRCNX Fund   11.37  0.01  0.09%   
The current 90-days correlation between Fidelity Freedom Blend and Allianzgi Health Sciences is -0.11 (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

Good diversification

The correlation between Fidelity Freedom Blend and DJI is -0.08 (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 board of governors.

Moving together with Fidelity Mutual Fund

  0.73FPTKX Fidelity Freedom 2015PairCorr
  0.77FPURX Fidelity PuritanPairCorr
  0.77FPUKX Fidelity PuritanPairCorr
  0.74FQIFX Fidelity Freedom IndexPairCorr
  0.74FQIPX Fidelity Freedom IndexPairCorr
  0.74FQLSX Fidelity Flex FreedomPairCorr
  0.74FRBDX Fidelity Freedom 2070PairCorr
  0.74FRBEX Fidelity Freedom 2070PairCorr
  0.74FRBJX Fidelity Advisor FreedomPairCorr
  0.74FRBKX Fidelity Advisor FreedomPairCorr
  0.74FRBPX Fidelity Advisor FreedomPairCorr
  0.74FRBQX Fidelity Flex FreedomPairCorr
  0.74FRBUX Fidelity Freedom IndexPairCorr
  0.74FRBYX Fidelity Freedom BlendPairCorr
  0.74FRBZX Fidelity Freedom BlendPairCorr
  0.75FRAGX Aggressive GrowthPairCorr
  0.72FRAMX Fidelity Income ReplPairCorr
  0.73FRASX Fidelity Income ReplPairCorr
  0.74FRCHX Fidelity Freedom BlendPairCorr
  0.74FRCLX Fidelity Freedom BlendPairCorr
  0.74FRCQX Fidelity SustainablePairCorr
  0.74FRCRX Fidelity SustainablePairCorr
  0.74FRCWX Fidelity SustainablePairCorr
  0.74FRDCX Fidelity SustainablePairCorr
  0.74FRDDX Fidelity SustainablePairCorr
  0.75FRGAX Growth Allocation IndexPairCorr
  0.72FRIMX Fidelity Income ReplPairCorr
  0.72FRHMX Fidelity Managed RetPairCorr
  0.72FRKMX Fidelity Managed RetPairCorr
  0.74FRLPX Fidelity Freedom IndexPairCorr
  0.72FRQHX Fidelity Managed RetPairCorr
  0.72FRQIX 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.

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