Moderate Strategy Correlations

RMLAX Fund

USD 9.68 0.02 0.21%

The current 90-days correlation between Moderate Strategy and The Hartford Balanced is 0.8 (i.e., Very poor diversification). The correlation of Moderate Strategy 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.

Moderate Strategy Correlation With Market

Poor diversification

The correlation between Moderate Strategy Fund and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moderate Strategy Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Moderate Strategy Fund. 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 nation.

Moving together with Moderate Mutual Fund

0.61	RNTTX	International Developed	Pair Corr
0.71	RREAX	Global Real Estate	Pair Corr
0.71	RREYX	Global Real Estate	Pair Corr
0.71	RRESX	Global Real Estate	Pair Corr
0.7	RRSCX	Global Real Estate	Pair Corr
0.69	RRSRX	Global Real Estate	Pair Corr
0.66	RALAX	Growth Strategy	Pair Corr
0.68	RALCX	Growth Strategy	Pair Corr
0.64	RALSX	Growth Strategy	Pair Corr
0.65	RALVX	Growth Strategy	Pair Corr
0.71	RSBTX	Short Duration Bond	Pair Corr
0.72	RSBYX	Short Duration Bond	Pair Corr
0.68	RSBCX	Short Duration Bond	Pair Corr
0.73	RSDTX	Short Duration Bond	Pair Corr
0.77	RAZAX	Multi Asset Growth	Pair Corr
0.9	RAZCX	Multi Asset Growth	Pair Corr
0.65	RBCUX	Tax Exempt Bond	Pair Corr
0.71	RBLCX	Balanced Strategy	Pair Corr
0.83	RBLAX	Balanced Strategy	Pair Corr
0.76	RBLUX	Balanced Strategy	Pair Corr
0.7	RBLVX	Balanced Strategy	Pair Corr
0.83	RBLRX	Balanced Strategy	Pair Corr
0.65	RTEAX	Tax Exempt Bond	Pair Corr
0.63	RTECX	Tax Exempt Bond	Pair Corr
0.63	RTHAX	Tax Exempt High	Pair Corr

Related Correlations Analysis

	HBLCX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	AAEVX
HBLCX		-0.37	0.0	-0.44	0.72	0.56	0.76	0.08	-0.13	0.6	HBLCX
444859BR2	-0.37		0.0	0.21	-0.63	-0.02	-0.58	0.24	-0.31	-0.73	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.44	0.21	0.0		-0.51	-0.43	-0.41	-0.02	0.09	-0.38	BRRAY
MSTSX	0.72	-0.63	0.0	-0.51		0.33	0.69	0.02	-0.12	0.86	MSTSX
ABHYX	0.56	-0.02	0.0	-0.43	0.33		0.56	-0.02	-0.22	0.12	ABHYX
LBHIX	0.76	-0.58	0.0	-0.41	0.69	0.56		-0.21	0.13	0.68	LBHIX
SCAXF	0.08	0.24	0.0	-0.02	0.02	-0.02	-0.21		-0.75	-0.32	SCAXF
VIASP	-0.13	-0.31	0.0	0.09	-0.12	-0.22	0.13	-0.75		0.31	VIASP
AAEVX	0.6	-0.73	0.0	-0.38	0.86	0.12	0.68	-0.32	0.31		AAEVX
	HBLCX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	AAEVX

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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

AAEVX	+ 0.86	MSTSX
LBHIX	+ 0.76	HBLCX
MSTSX	+ 0.72	HBLCX
LBHIX	+ 0.69	MSTSX
AAEVX	+ 0.68	LBHIX
AAEVX	+ 0.6	HBLCX

High negative correlations

VIASP	- 0.75	SCAXF
AAEVX	- 0.73	444859BR2
MSTSX	- 0.63	444859BR2
LBHIX	- 0.58	444859BR2
MSTSX	- 0.51	BRRAY
BRRAY	- 0.44	HBLCX

Risk-Adjusted Indicators

There is a big difference between Moderate Mutual Fund performing well and Moderate Strategy 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 Moderate Strategy'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
HBLCX	0.25	(0.02)	(0.26)	0.04	0.26	(0.27)	0.54	(0.41)	1.62
444859BR2	1.31	(0.03)	0.00	0.36	0.00	0.00	5.93	(4.50)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	0.04	(0.11)	(0.30)	0.52	(0.59)	1.21	(1.02)	2.80
ABHYX	0.16	0.00	(0.20)	0.08	0.26	(0.24)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.32)	0.44	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.11	0.01	(3.65)	1.04	(0.83)	2.28	(1.15)	7.18
AAEVX	0.51	0.06	(0.07)	(0.73)	0.55	(0.61)	1.07	(0.77)	3.24

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