Fidelity Flex Correlations

FQLSX Fund

USD 13.63 0.01 0.07%

The current 90-days correlation between Fidelity Flex Freedom and Fidelity Freedom Index is 0.99 (i.e., No risk reduction). The correlation of Fidelity Flex 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Flex Freedom. 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 state.

Moving together with Fidelity Mutual Fund

0.89	FPURX	Fidelity Puritan	Pair Corr
0.83	FPUKX	Fidelity Puritan	Pair Corr
0.78	FQIFX	Fidelity Freedom Index	Pair Corr
1.0	FQIPX	Fidelity Freedom Index	Pair Corr
0.98	FRAGX	Aggressive Growth	Pair Corr
0.9	FRLPX	Fidelity Freedom Index	Pair Corr
0.9	FABLX	Fidelity Advisor Balanced	Pair Corr
0.73	FACVX	Fidelity Convertible	Pair Corr
0.68	FACPX	Fidelity Advisor Sumer	Pair Corr
0.77	FADTX	Fidelity Advisor Tec	Pair Corr
0.86	FADAX	Fidelity Advisor Dividend	Pair Corr
0.74	FAEVX	Fidelity Advisor Equity	Pair Corr
0.85	FAEGX	Fidelity Advisor Equity	Pair Corr
0.61	FAFSX	Fidelity Advisor Fin	Pair Corr
0.61	FAFDX	Fidelity Advisor Fin	Pair Corr
0.61	FAFCX	Fidelity Advisor Fin	Pair Corr
0.63	FAGNX	Fidelity Advisor Energy	Pair Corr
0.74	FAGKX	Fidelity Growth Stra	Pair Corr
0.87	FAGIX	Fidelity Capital Income	Pair Corr
0.82	FAGCX	Fidelity Advisor Growth	Pair Corr
0.86	FAGAX	Fidelity Advisor Growth	Pair Corr
0.84	FAHYX	Fidelity Advisor High	Pair Corr
0.84	FAHCX	Fidelity Advisor High	Pair Corr

Related Correlations Analysis

	FIPFX	FDKLX	FIOFX	FIHFX	FBIFX
FIPFX		1.0	1.0	0.97	1.0	FIPFX
FDKLX	1.0		1.0	0.97	1.0	FDKLX
FIOFX	1.0	1.0		0.97	1.0	FIOFX
FIHFX	0.97	0.97	0.97		0.98	FIHFX
FBIFX	1.0	1.0	1.0	0.98		FBIFX
	FIPFX	FDKLX	FIOFX	FIHFX	FBIFX

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Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Flex 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 Flex'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FIPFX	0.48	0.04	(0.12)	(5.31)	0.61	(0.48)	1.00	(0.92)	2.98
FDKLX	0.49	0.04	(0.12)	(4.13)	0.61	(0.52)	1.01	(0.91)	2.98
FIOFX	0.48	0.04	(0.12)	(3.54)	0.61	(0.49)	1.00	(0.92)	2.99
FIHFX	0.38	0.02	(0.18)	5.46	0.49	(0.38)	0.83	(0.82)	2.34
FBIFX	0.45	0.00	(0.13)	0.00	0.56	(0.48)	0.98	(0.85)	2.78

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Fidelity Flex Correlations

Moving together with Fidelity Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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