Hartford Multi-asset Correlations

HAFYX Fund

USD 9.27 0.00 0.00%

The current 90-days correlation between Hartford Multi Asset and Guggenheim Risk Managed is 0.21 (i.e., Modest diversification). 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

Good diversification

The correlation between Hartford Multi Asset Income and DJI is -0.03 (i.e., Good 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, which includes a position in Hartford Multi Asset Income. 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 manufacturing.

Moving together with Hartford Mutual Fund

0.65	HHMAX	The Hartford Municipal	Pair Corr
0.67	HHMCX	The Hartford Municipal	Pair Corr
0.8	HIABX	Hartford Total Return	Pair Corr
0.83	HIPAX	The Hartford Inflation	Pair Corr
0.84	HIPFX	The Hartford Inflation	Pair Corr
0.82	HIPYX	The Hartford Inflation	Pair Corr

Moving against Hartford Mutual Fund

0.51	HGOAX	Hartford Growth	Pair Corr
0.5	HGOFX	Hartford Growth	Pair Corr
0.5	HGOIX	Hartford Growth	Pair Corr
0.5	HGORX	Hartford Growth	Pair Corr
0.5	HGOSX	Hartford Growth	Pair Corr
0.5	HGOTX	Hartford Growth Oppo	Pair Corr
0.5	HGOVX	Hartford Growth	Pair Corr
0.5	HGOYX	Hartford Growth	Pair Corr
0.5	HGOCX	Hartford Growth	Pair Corr
0.42	HIACX	Hartford Capital App	Pair Corr
0.4	HIADX	Hartford Dividend And	Pair Corr
0.34	HIASX	Hartford Small Pany	Pair Corr
0.34	HISCX	Hartford Small Cap	Pair Corr
0.32	SCUVX	Hartford Schroders Small	Pair Corr
0.32	SCURX	Hartford Schroders Small	Pair Corr
0.32	SCUIX	Hartford Schroders Small	Pair Corr

Related Correlations Analysis

	GURPX	MRESX	MURSX	CREYX	FORFX	PHRAX	RRRRX
GURPX		0.77	0.32	0.98	0.25	0.82	0.77	GURPX
MRESX	0.77		0.2	0.73	-0.02	0.87	0.99	MRESX
MURSX	0.32	0.2		0.42	0.77	0.52	0.23	MURSX
CREYX	0.98	0.73	0.42		0.38	0.83	0.73	CREYX
FORFX	0.25	-0.02	0.77	0.38		0.42	0.0	FORFX
PHRAX	0.82	0.87	0.52	0.83	0.42		0.89	PHRAX
RRRRX	0.77	0.99	0.23	0.73	0.0	0.89		RRRRX
	GURPX	MRESX	MURSX	CREYX	FORFX	PHRAX	RRRRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RRRRX	+ 0.99	MRESX
CREYX	+ 0.98	GURPX
RRRRX	+ 0.89	PHRAX
PHRAX	+ 0.87	MRESX
PHRAX	+ 0.83	CREYX
PHRAX	+ 0.82	GURPX

High negative correlations

FORFX	- 0.02	MRESX
RRRRX	- 0.0	FORFX

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
GURPX	0.60	0.03	(0.10)	0.31	0.65	(0.69)	1.24	(1.10)	3.21
MRESX	0.67	0.05	(0.07)	0.53	0.77	(0.73)	1.26	(1.33)	3.43
MURSX	0.45	0.08	(0.06)	1.77	0.35	(0.74)	1.28	(0.80)	3.61
CREYX	0.68	0.05	(0.06)	0.35	0.77	(0.74)	1.31	(1.31)	3.61
FORFX	0.06	0.00	0.00	0.00	0.00	0.00	0.11	0.00	0.21
PHRAX	0.67	0.08	(0.04)	0.78	0.71	(0.77)	1.23	(1.27)	3.61
RRRRX	0.71	0.04	(0.07)	0.46	0.81	(0.74)	1.35	(1.37)	3.82

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC