Fidelity Freedom Correlations

FYTKX Fund  USD 11.02  0.01  0.09%   
The current 90-days correlation between Fidelity Freedom Income and Glg Intl Small is 0.6 (i.e., Poor 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 Income and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom Income 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 Income. 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

  0.74FQIFX Fidelity Freedom IndexPairCorr
  0.72FRBJX Fidelity Advisor FreedomPairCorr
  0.64FRBKX Fidelity Advisor FreedomPairCorr
  0.75FRAMX Fidelity Income ReplPairCorr
  0.64FRCHX Fidelity Freedom BlendPairCorr
  0.71FRIOX Fidelity Real EstatePairCorr
  0.7FADTX Fidelity Advisor TecPairCorr
  0.68FAFDX Fidelity Advisor FinPairCorr
  0.68FAFCX Fidelity Advisor FinPairCorr
  0.98FAGIX Fidelity Capital IncomePairCorr
  0.7FAGCX Fidelity Advisor GrowthPairCorr
  0.7FAGAX Fidelity Advisor GrowthPairCorr
  0.78FTF Franklin TempletonPairCorr
  0.9FSAWX Fidelity Sai ConvertiblePairCorr
  0.61FAOFX Fidelity Advisor SeriesPairCorr
  0.72FAOSX Fidelity Advisor OverseasPairCorr
  0.72FSEQX Fidelity Advisor SusPairCorr
  0.67FSEAX Fidelity Emerging AsiaPairCorr
  0.65FASYX Fidelity Sai SustainablePairCorr
  0.98FAYZX Fidelity Advisor MultiPairCorr
  0.65FSNQX Fidelity Freedom 2030PairCorr
  0.69FSPGX Fidelity Large CapPairCorr
  0.75FSPSX Fidelity InternationalPairCorr
  0.69FSSNX Fidelity Small CapPairCorr
  0.98FBIFX Fidelity Freedom IndexPairCorr
  0.97FBMPX Multimedia PortfolioPairCorr
  0.68FTDWX Fidelity Asset ManagerPairCorr
  0.97FTCVX Fidelity ConvertiblePairCorr
  0.66FTIHX Fidelity Total InterPairCorr
  0.96EPGAX Fidelity Advisor EquityPairCorr
  0.64FTYPX Fidelity Freedom IndexPairCorr
  0.65FCGCX Fidelity Global Modity Potential GrowthPairCorr

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.