Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom Index
FQIPX Fund  USD 27.19  0.27  1.00%   
The current 90-days correlation between Fidelity Freedom Index and Artisan High Income is 0.26 (i.e., Modest 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 Index 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 Index 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 Index. 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 american community survey.

Moving together with Fidelity Mutual Fund

  0.92FPTKX Fidelity Freedom 2015PairCorr
  0.97FPURX Fidelity PuritanPairCorr
  0.97FPUKX Fidelity PuritanPairCorr
  0.95FQIFX Fidelity Freedom IndexPairCorr
  0.63FQITX Fidelity Salem StreetPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  0.95FRAGX Aggressive GrowthPairCorr
  0.77FRAMX Fidelity Income ReplPairCorr
  0.86FRASX Fidelity Income ReplPairCorr
  0.95FRGAX Growth Allocation IndexPairCorr
  0.63FRESX Fidelity Real EstatePairCorr
  0.75FRIFX Fidelity Real EstatePairCorr
  0.72FRIMX Fidelity Income ReplPairCorr
  0.75FRINX Fidelity Real EstatePairCorr
  0.73FRIOX Fidelity Real EstatePairCorr
  0.75FRIQX Fidelity Real EstatePairCorr
  0.79FRHMX Fidelity Managed RetPairCorr
  0.79FRKMX Fidelity Managed RetPairCorr
  0.75FRIRX Fidelity Real EstatePairCorr
  1.0FRLPX Fidelity Freedom IndexPairCorr
  0.81FRQHX Fidelity Managed RetPairCorr
  0.73FRQIX Fidelity Income ReplPairCorr
  0.8FRQKX Fidelity Managed RetPairCorr
  0.72FRQAX Fidelity Income ReplPairCorr
  1.0FAASX Fidelity Asset ManagerPairCorr
  1.0FAAIX Fidelity Asset ManagerPairCorr
  0.97FABLX Fidelity Advisor BalancedPairCorr
  0.97FABCX Fidelity Advisor BalancedPairCorr
  0.89FACVX Fidelity VertiblePairCorr
  0.72FACTX Fidelity Advisor HealthPairCorr
  0.88FACPX Fidelity Advisor SumerPairCorr
  0.99FACNX Fidelity CanadaPairCorr
  0.86FACGX Fidelity Advisor GrowthPairCorr
  0.79FACFX Fidelity Advisor FreedomPairCorr

Moving against Fidelity Mutual Fund

  0.48FRPDX Fidelity Sai AlternativePairCorr

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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