Hartford Multi-asset Correlations

HAFIXDelisted Fund

USD 9.33 0.00 0.00%

The correlation of Hartford Multi-asset 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.

Hartford Multi-asset Correlation With Market

Excellent diversification

The correlation between Hartford Multi Asset Income and DJI is -0.59 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Multi Asset Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 gross domestic product.

Moving against Hartford Mutual Fund

0.75	GQLOX	Gmo Quality Fund	Pair Corr
0.64	HBLCX	Hartford Balanced	Pair Corr
0.63	HBLRX	Hartford Balanced	Pair Corr
0.63	HBLSX	Hartford Balanced	Pair Corr
0.63	HBLFX	Hartford Balanced	Pair Corr
0.63	HBLYX	Hartford Balanced	Pair Corr
0.63	GCAVX	Gmo Small Cap	Pair Corr
0.61	HBLTX	Hartford Balanced	Pair Corr
0.61	HBLVX	Hartford Balanced	Pair Corr
0.54	GHVIX	Gmo High Yield	Pair Corr
0.52	FFBTX	Fidelity Freedom Blend	Pair Corr
0.5	FTYPX	Fidelity Freedom Index	Pair Corr
0.46	BKMIX	Blackrock Multi Asset	Pair Corr
0.45	GAAVX	Gmo Alternative Allo	Pair Corr
0.42	VWIAX	Vanguard Wellesley Income	Pair Corr
0.42	VWINX	Vanguard Wellesley Income	Pair Corr
0.83	GMCQX	Gmo Equity Allocation	Pair Corr
0.73	ACSYX	Invesco Comstock	Pair Corr
0.66	LMCMX	Miller Income	Pair Corr
0.66	WAMVX	Wasatch Micro Cap	Pair Corr
0.64	MDFSX	Disciplined Value Series	Pair Corr
0.59	AULYX	Ultra Fund Y	Pair Corr
0.58	ULPSX	Ultrabull Profund	Pair Corr
0.55	MDISX	Franklin Mutual Global	Pair Corr
0.54	RAGIX	Riverfront Asset All	Pair Corr
0.51	SSCJX	State Street Target	Pair Corr
0.49	MINFX	Mfs International Value	Pair Corr
0.45	PIOKX	Pioneer Fund Class	Pair Corr
0.44	WFPRX	Wells Fargo Special	Pair Corr
0.42	MSTBX	Morningstar Defensive	Pair Corr
0.32	BCHIX	California High Yield	Pair Corr
0.73	DHMAX	Diamond Hill Small	Pair Corr
0.67	SJCIX	Steward Funds	Pair Corr
0.59	PRPHX	Permanent Portfolio Class	Pair Corr
0.56	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.53	FSCOX	Fidelity International	Pair Corr
0.47	MGRAX	Mfs International Growth	Pair Corr

Related Correlations Analysis

	VASGX	PRNHX	LWLAX	HRARX	WPASX	LANIX
VASGX		0.7	0.93	0.82	0.23	0.88	VASGX
PRNHX	0.7		0.63	0.47	0.12	0.61	PRNHX
LWLAX	0.93	0.63		0.84	0.36	0.94	LWLAX
HRARX	0.82	0.47	0.84		0.57	0.8	HRARX
WPASX	0.23	0.12	0.36	0.57		0.47	WPASX
LANIX	0.88	0.61	0.94	0.8	0.47		LANIX
	VASGX	PRNHX	LWLAX	HRARX	WPASX	LANIX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Multi-asset 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 Hartford Multi-asset'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
VASGX	0.43	0.03	0.03	0.09	0.50	(0.48)	0.74	(0.94)	2.75
PRNHX	1.14	0.04	0.02	0.08	1.86	(1.23)	1.80	(2.15)	21.91
LWLAX	0.25	0.06	0.07	(0.83)	0.08	(0.33)	0.46	(0.44)	2.52
HRARX	0.56	0.17	0.23	0.41	0.27	(0.68)	0.89	(0.98)	11.16
WPASX	0.78	0.11	0.08	4.04	0.81	(0.88)	1.24	(2.03)	12.75
LANIX	0.50	0.07	0.05	(0.49)	0.59	(0.55)	0.84	(1.09)	3.44

Hartford Multi-asset Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hartford Multi-asset mutual fund to make a market-neutral strategy. Peer analysis of Hartford Multi-asset could also be used in its relative valuation, which is a method of valuing Hartford Multi-asset by comparing valuation metrics with similar companies.

Vanguard Lifestrategy Growth T Rowe Price L Mason Qs The Hartford Growth Ab Centrated Growth Qs Growth Fund American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp The Home Depot

Risk & Return

Correlation

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