Fidelity Freedom Correlations

FPTKX
 Fund
  

USD 10.73  0.07  0.66%   

The correlation of Fidelity Freedom is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fidelity Freedom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fidelity Freedom 2015 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Fidelity Freedom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fidelity Freedom when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fidelity Freedom - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fidelity Freedom 2015 to buy it.

Moving together with Fidelity Freedom

+0.96FFVFXFidelity Freedom 2015PairCorr
+0.92REJTXAmerican Fds 2015PairCorr
+1.0FSNLXFidelity Freedom 2015PairCorr
+0.98AABTXAmerican Fds 2015PairCorr
+0.93RCJTXAmerican Fds 2015PairCorr
+0.93CCBTXAmerican Funds 2015PairCorr
+0.98FAKTXAmerican Funds 2015PairCorr
+0.94VSTSXVanguard Total StockPairCorr
+0.85VTSAXVanguard Total StockPairCorr
+0.94VSMPXVanguard Total StockPairCorr
+0.85VTSMXVanguard Index TrustPairCorr
+0.94VITSXVanguard Index TrustPairCorr
+0.85VFINXVanguard Index Trust Low VolatilityPairCorr
+0.94VFFSXVanguard 500 Index Low VolatilityPairCorr
+0.85VFIAXVanguard 500 Index Low VolatilityPairCorr
+0.93VTSNXVanguard Total InterPairCorr
+0.93VTISXVanguard Total InterPairCorr

Moving against Fidelity Freedom

-0.97CSAAXCredit Suisse ManagedPairCorr
-0.97AQMIXAqr Managed FuturesPairCorr
-0.95AHLCXAmerican Beacon AhlPairCorr

Related Correlations

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Fidelity Freedom without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Fidelity Freedom 2015?

The danger of trading Fidelity Freedom 2015 is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fidelity Freedom is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fidelity Freedom. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fidelity Freedom 2015 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Investing Opportunities. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running Fidelity Freedom 2015 price analysis, check to measure Fidelity Freedom's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fidelity Freedom is operating at the current time. Most of Fidelity Freedom's value examination focuses on studying past and present price action to predict the probability of Fidelity Freedom's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fidelity Freedom's price. Additionally, you may evaluate how the addition of Fidelity Freedom to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Fidelity Freedom's value and its price as these two are different measures arrived at by different means. Investors typically determine Fidelity Freedom value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Freedom's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.