Hartford Moderate Correlations

HBAIX Fund

USD 13.64 0.04 0.29%

The current 90-days correlation between Hartford Moderate and Blackrock Exchange Portfolio is 0.3 (i.e., Weak diversification). The correlation of Hartford Moderate 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 Moderate Correlation With Market

Very poor diversification

The correlation between Hartford Moderate Allocation and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Moderate Allocation 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 Moderate Allocation. 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 together with Hartford Mutual Fund

0.81	HGOFX	Hartford Growth	Pair Corr
0.83	HGORX	Hartford Growth	Pair Corr
0.81	HGOSX	Hartford Growth	Pair Corr
0.79	HGOTX	Hartford Growth Oppo	Pair Corr
0.78	HGOVX	Hartford Growth	Pair Corr
0.78	HGOYX	Hartford Growth	Pair Corr
0.83	HGOAX	Hartford Growth	Pair Corr
0.83	HGOCX	Hartford Growth	Pair Corr
0.79	HHHFX	Hartford Schroders	Pair Corr
0.79	HHHSX	Hartford Schroders	Pair Corr
0.81	HHMAX	The Hartford Municipal	Pair Corr
0.71	HIAHX	Hartford Healthcare Hls	Pair Corr
0.93	HILRX	Hartford Interna	Pair Corr
0.92	SCUVX	Hartford Schroders Small	Pair Corr
0.81	SCURX	Hartford Schroders Small	Pair Corr
0.91	SCUIX	Hartford Schroders Small	Pair Corr
0.75	SEMVX	Hartford Schroders	Pair Corr
0.89	HLDCX	Hartford Emerging	Pair Corr
0.91	HMDYX	Hartford Midcap	Pair Corr
0.88	HMJCX	Hartford Municipal Short	Pair Corr
0.64	HNCAX	Hartford International	Pair Corr
0.65	HNCYX	Hartford International	Pair Corr
0.91	HOOSX	Hartford Schroders Small	Pair Corr
0.94	SIDVX	Hartford Schroders	Pair Corr
0.91	ITHAX	Hartford Capital	Pair Corr
0.89	ITTAX	Hartford Balanced	Pair Corr
0.91	ITTIX	Hartford Balanced	Pair Corr
0.91	ITTSX	Hartford Balanced	Pair Corr
0.91	ITTTX	Hartford Balanced	Pair Corr
0.91	HQIIX	Hartford Equity	Pair Corr
0.98	HRAAX	Hartford Growth Allo	Pair Corr
1.0	HRAFX	Hartford Growth	Pair Corr
0.88	HAFCX	Hartford Balanced	Pair Corr

Moving against Hartford Mutual Fund

0.43

HIPCX

The Hartford Inflation

Pair Corr

Related Correlations Analysis

	TRGXX	SMAAX	IVMXX	FZDXX	DBELX	FMVUX	STSEX
TRGXX		0.0	0.0	0.0	0.0	0.0	0.0	TRGXX
SMAAX	0.0		0.0	0.0	0.88	0.93	0.47	SMAAX
IVMXX	0.0	0.0		0.0	0.0	0.0	0.0	IVMXX
FZDXX	0.0	0.0	0.0		0.0	0.0	0.0	FZDXX
DBELX	0.0	0.88	0.0	0.0		0.93	0.59	DBELX
FMVUX	0.0	0.93	0.0	0.0	0.93		0.62	FMVUX
STSEX	0.0	0.47	0.0	0.0	0.59	0.62		STSEX
	TRGXX	SMAAX	IVMXX	FZDXX	DBELX	FMVUX	STSEX

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

FMVUX	+ 0.93	SMAAX
FMVUX	+ 0.93	DBELX
DBELX	+ 0.88	SMAAX
STSEX	+ 0.62	FMVUX
STSEX	+ 0.59	DBELX
STSEX	+ 0.47	SMAAX

High negative correlations

STSEX	- 0.0	FZDXX
FMVUX	- 0.0	FZDXX
DBELX	- 0.0	FZDXX
STSEX	- 0.0	IVMXX
FMVUX	- 0.0	IVMXX
DBELX	- 0.0	IVMXX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Moderate 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 Moderate'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
TRGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.07	0.01	(0.54)	5.72	0.00	(0.13)	0.20	(0.10)	0.48
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FZDXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DBELX	0.18	0.06	(0.02)	0.54	0.00	(0.23)	0.43	(0.32)	0.85
FMVUX	0.75	0.15	0.17	0.24	0.53	(0.89)	1.89	(1.26)	7.72
STSEX	0.47	(0.02)	(0.09)	0.03	0.54	(0.53)	0.89	(0.91)	3.07

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