Fidelity Freedom Correlations

Mutual Funds . USA . 
Fund . Fidelity Freedom 2025
FFTWX Fund  USD 14.38  0.02  0.14%   
The current 90-days correlation between Fidelity Freedom 2025 and Fidelity Freedom 2015 is 0.98 (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

Poor diversification

The correlation between Fidelity Freedom 2025 and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2025 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 2025. 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 housing.

Moving together with Fidelity Mutual Fund

  0.95FPTKX Fidelity Freedom 2015PairCorr
  0.99FQIFX Fidelity Freedom IndexPairCorr
  0.8FQIPX Fidelity Freedom IndexPairCorr
  0.79FQLSX Fidelity Flex FreedomPairCorr
  0.68FRAGX Aggressive GrowthPairCorr
  0.74FRAMX Fidelity Income ReplPairCorr
  0.87FRASX Fidelity Income ReplPairCorr
  0.76FRGAX Growth Allocation IndexPairCorr
  0.75FRIMX Fidelity Income ReplPairCorr
  0.76FRHMX Fidelity Managed RetPairCorr
  0.76FRKMX Fidelity Managed RetPairCorr
  0.8FRLPX Fidelity Freedom IndexPairCorr
  0.78FRQHX Fidelity Managed RetPairCorr
  0.77FRQIX Fidelity Income ReplPairCorr
  0.77FRQKX Fidelity Managed RetPairCorr
  0.76FRQAX Fidelity Income ReplPairCorr
  0.82FAASX Fidelity Asset ManagerPairCorr
  0.81FAAIX Fidelity Asset ManagerPairCorr
  0.62FABLX Fidelity Advisor BalancedPairCorr
  0.64FABCX Fidelity Advisor BalancedPairCorr
  0.62FACNX Fidelity CanadaPairCorr
  0.84FACFX Fidelity Advisor FreedomPairCorr

Moving against Fidelity Mutual Fund

  0.32FRPDX Fidelity Sai AlternativePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FFFDX
+ 0.98
FFVFX
FFFEX
+ 0.98
FFTHX
FFFEX
+ 0.95
FFFDX
FFFEX
+ 0.88
FFVFX
FFFDX
+ 0.87
FFTHX
FFTHX
+ 0.76
FFVFX
  
High negative correlations   
FFFEX
- 0.0
FFFVX
FFFDX
- 0.0
FFFVX
FFTHX
- 0.0
FFFVX
FFFVX
- 0.0
FFVFX

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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