Hartford Multifactor Correlations

ROAM Etf

USD 29.67 0.09 0.30%

The current 90-days correlation between Hartford Multifactor and REX VolMAXX Long is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hartford Multifactor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hartford Multifactor Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hartford Multifactor Correlation With Market

Poor diversification

The correlation between Hartford Multifactor Emerging and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Multifactor Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Hartford Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Hartford Multifactor Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Hartford Etf

0.75	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.77	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.94	FNDE	Schwab Fundamental	Pair Corr
0.76	ESGE	iShares ESG Aware	Pair Corr
0.85	SFGRX	Seafarer Overseas	Pair Corr
0.66	XSOE	WisdomTree Emerging	Pair Corr
0.75	ITDD	iShares Trust	Pair Corr
0.74	CPST	Calamos ETF Trust	Pair Corr
0.67	DDFO	Innovator Equity Dual	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.65	KO	Coca Cola	Pair Corr
0.76	IBM	International Business	Pair Corr
0.81	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.64	MMM	3M Company	Pair Corr
0.84	BAC	Bank of America	Pair Corr

Moving against Hartford Etf

0.57	HD	Home Depot	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.51	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	VMAX	QEMM	TLCI	FLLA	AADR	WISE	ASIA	EWUS	MEM	INEQ
VMAX		0.51	0.31	0.59	0.79	-0.16	0.37	0.81	0.42	0.85	VMAX
QEMM	0.51		0.07	0.54	0.41	-0.02	0.66	0.35	0.84	0.57	QEMM
TLCI	0.31	0.07		-0.44	0.53	0.65	0.56	0.68	0.35	-0.07	TLCI
FLLA	0.59	0.54	-0.44		0.33	-0.73	-0.08	0.14	0.21	0.85	FLLA
AADR	0.79	0.41	0.53	0.33		0.11	0.54	0.74	0.52	0.54	AADR
WISE	-0.16	-0.02	0.65	-0.73	0.11		0.56	0.14	0.38	-0.58	WISE
ASIA	0.37	0.66	0.56	-0.08	0.54	0.56		0.51	0.91	0.13	ASIA
EWUS	0.81	0.35	0.68	0.14	0.74	0.14	0.51		0.39	0.56	EWUS
MEM	0.42	0.84	0.35	0.21	0.52	0.38	0.91	0.39		0.27	MEM
INEQ	0.85	0.57	-0.07	0.85	0.54	-0.58	0.13	0.56	0.27		INEQ
	VMAX	QEMM	TLCI	FLLA	AADR	WISE	ASIA	EWUS	MEM	INEQ

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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

MEM	+ 0.91	ASIA
INEQ	+ 0.85	VMAX
INEQ	+ 0.85	FLLA
MEM	+ 0.84	QEMM
EWUS	+ 0.81	VMAX
AADR	+ 0.79	VMAX

High negative correlations

WISE	- 0.73	FLLA
INEQ	- 0.58	WISE
FLLA	- 0.44	TLCI
WISE	- 0.16	VMAX
ASIA	- 0.08	FLLA
INEQ	- 0.07	TLCI

Hartford Multifactor Constituents Risk-Adjusted Indicators

There is a big difference between Hartford Etf performing well and Hartford Multifactor ETF 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 Multifactor'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
VMAX	0.66	0.00	0.00	0.06	0.87	(0.67)	1.20	(1.61)	3.24
QEMM	0.55	0.04	0.02	0.11	0.65	(0.57)	1.09	(1.10)	3.61
TLCI	0.47	(0.05)	0.00	(0.02)	0.00	0.00	0.93	(0.99)	2.75
FLLA	0.86	0.07	0.04	0.14	1.15	(0.86)	1.73	(1.58)	6.61
AADR	0.87	(0.05)	(0.03)	0.01	1.20	(0.90)	1.63	(1.93)	5.93
WISE	1.74	(0.17)	0.00	(0.03)	0.00	0.00	3.23	(4.19)	9.86
ASIA	0.84	0.04	0.03	0.10	1.07	(0.87)	1.83	(1.37)	5.72
EWUS	0.67	0.01	(0.01)	0.07	0.69	(0.77)	1.74	(1.19)	3.37
MEM	0.76	0.03	0.02	0.08	0.98	(0.73)	1.72	(1.23)	4.56
INEQ	0.49	0.07	0.08	0.17	0.50	(0.52)	1.10	(0.89)	2.89

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