Hartford Moderate Correlations

HBARX Fund

USD 13.39 0.02 0.15%

The current 90-days correlation between Hartford Moderate and Smallcap Growth Fund is 0.1 (i.e., Average 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

Poor diversification

The correlation between Hartford Moderate Allocation and DJI is 0.71 (i.e., 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 real.

Moving together with Hartford Mutual Fund

0.68	ABALX	American Balanced	Pair Corr
0.8	BALCX	American Balanced	Pair Corr
0.74	BALFX	American Balanced	Pair Corr
0.8	FBONX	American Funds American	Pair Corr
0.8	FBAFX	American Funds American	Pair Corr
0.8	RLBCX	American Balanced	Pair Corr
0.8	RLBBX	American Balanced	Pair Corr
0.7	CLBAX	American Balanced	Pair Corr
0.8	CLBEX	American Balanced	Pair Corr
0.8	RLBFX	American Balanced	Pair Corr
0.63	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.7	VTSMX	Vanguard Total Stock	Pair Corr
0.7	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VITSX	Vanguard Total Stock	Pair Corr
0.63	VSTSX	Vanguard Total Stock	Pair Corr
0.77	VTIAX	Vanguard Total Inter	Pair Corr
0.69	VFINX	Vanguard 500 Index	Pair Corr
0.87	BA	Boeing	Pair Corr

Moving against Hartford Mutual Fund

0.59	T	ATT Inc Earnings Call This Week	Pair Corr
0.47	HPQ	HP Inc	Pair Corr
0.4	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.4	MMM	3M Company	Pair Corr

Related Correlations Analysis

	GETFX	TMCAX	ARTSX	LMLRX	CIPMX	PSIJX
GETFX		0.84	0.92	0.81	0.83	0.85	GETFX
TMCAX	0.84		0.91	0.93	0.9	0.95	TMCAX
ARTSX	0.92	0.91		0.88	0.88	0.91	ARTSX
LMLRX	0.81	0.93	0.88		0.83	0.9	LMLRX
CIPMX	0.83	0.9	0.88	0.83		0.95	CIPMX
PSIJX	0.85	0.95	0.91	0.9	0.95		PSIJX
	GETFX	TMCAX	ARTSX	LMLRX	CIPMX	PSIJX

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
GETFX	0.57	0.14	0.19	0.24	0.28	(0.69)	1.01	(1.06)	10.15
TMCAX	0.97	0.23	0.23	0.60	0.53	(1.32)	2.19	(1.32)	14.19
ARTSX	1.11	0.15	0.15	0.17	0.91	(1.34)	2.12	(1.92)	13.44
LMLRX	0.27	0.03	(0.03)	0.16	0.20	(0.33)	0.53	(0.53)	2.52
CIPMX	1.02	0.28	0.30	0.69	0.38	(1.39)	1.68	(1.22)	23.97
PSIJX	1.40	0.37	0.27	0.36	0.99	(1.70)	1.91	(2.18)	25.88

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