Hartford Multifactor Correlations

ROAM Etf

USD 32.92 0.00 0.00%

The current 90-days correlation between Hartford Multifactor and Columbia International Equity is 0.58 (i.e., Very weak 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 0.76 (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

0.74	VWO	Vanguard FTSE Emerging	Pair Corr
0.99	IEMG	iShares Core MSCI	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.99	EEM	iShares MSCI Emerging	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.99	FNDE	Schwab Fundamental	Pair Corr
0.99	ESGE	iShares ESG Aware	Pair Corr
0.99	SFGRX	Seafarer Overseas	Pair Corr
1.0	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.84	SHLD	Global X Defense	Pair Corr
0.78	LUX	Tema Global	Pair Corr
0.89	SWP	SWP Growth Income	Pair Corr
0.85	FNGD	MicroSectors FANG Index	Pair Corr
0.83	CALY	Callaway Golf Symbol Change	Pair Corr
0.94	DXJ	WisdomTree Japan Hedged	Pair Corr
0.96	SPDV	AAM SP 500	Pair Corr
0.99	UEVM	VictoryShares Emerging	Pair Corr
0.94	FTCS	First Trust Capital	Pair Corr
0.93	JEPI	JPMorgan Equity Premium	Pair Corr
0.94	DFE	WisdomTree Europe	Pair Corr
0.89	AUMI	Themes Gold Miners	Pair Corr
0.75	UAUG	Innovator Equity Ultra	Pair Corr
0.62	ERET	iShares Environmentally	Pair Corr
0.97	ESGD	iShares ESG Aware	Pair Corr
0.69	GOCT	FT Cboe Vest	Pair Corr
0.89	KNGZ	First Trust Exchange	Pair Corr
0.85	ETHO	Amplify Etho Climate	Pair Corr
0.99	CCNR	CoreCommodity Natural	Pair Corr
0.96	GCAL	Goldman Sachs ETF	Pair Corr
0.91	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.83	GPGCX	Grandeur Peak Global	Pair Corr
0.9	IJS	iShares SP Small	Pair Corr
0.8	IGEB	iShares Edge Investment	Pair Corr
0.99	DVYE	iShares Emerging Markets	Pair Corr

Moving against Hartford Etf

0.67	HUM	Humana Inc	Pair Corr
0.44	IND	Xtrackers Nifty 500	Pair Corr
0.7	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	VMAX	QEMM	TLCI	FLLA	AADR	WISE	ASIA	EWUS	MEM	INEQ
VMAX		0.9	0.91	0.86	0.91	-0.3	0.91	0.96	0.9	0.93	VMAX
QEMM	0.9		0.85	0.98	0.96	-0.48	0.98	0.92	1.0	0.94	QEMM
TLCI	0.91	0.85		0.79	0.93	-0.08	0.9	0.94	0.86	0.81	TLCI
FLLA	0.86	0.98	0.79		0.93	-0.56	0.93	0.89	0.97	0.93	FLLA
AADR	0.91	0.96	0.93	0.93		-0.29	0.97	0.96	0.96	0.89	AADR
WISE	-0.3	-0.48	-0.08	-0.56	-0.29		-0.38	-0.29	-0.46	-0.59	WISE
ASIA	0.91	0.98	0.9	0.93	0.97	-0.38		0.93	0.99	0.92	ASIA
EWUS	0.96	0.92	0.94	0.89	0.96	-0.29	0.93		0.92	0.91	EWUS
MEM	0.9	1.0	0.86	0.97	0.96	-0.46	0.99	0.92		0.94	MEM
INEQ	0.93	0.94	0.81	0.93	0.89	-0.59	0.92	0.91	0.94		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	+ 1.0	QEMM
MEM	+ 0.99	ASIA
FLLA	+ 0.98	QEMM
ASIA	+ 0.98	QEMM
MEM	+ 0.97	FLLA
ASIA	+ 0.97	AADR

High negative correlations

INEQ	- 0.59	WISE
WISE	- 0.56	FLLA
WISE	- 0.48	QEMM
MEM	- 0.46	WISE
ASIA	- 0.38	WISE
WISE	- 0.3	VMAX

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	0.68	0.14	0.09	(6.11)	0.65	(0.73)	1.40	(1.52)	4.38
QEMM	0.64	0.18	0.15	(1.15)	0.45	(0.74)	1.78	(1.10)	3.94
TLCI	0.59	0.08	0.01	(0.45)	0.68	(0.66)	1.30	(1.28)	3.18
FLLA	1.00	0.31	0.17	6.03	1.17	(1.08)	2.16	(2.42)	6.75
AADR	0.93	0.21	0.10	(0.99)	1.12	(1.03)	2.01	(2.20)	6.43
WISE	1.40	(0.17)	0.00	(5.88)	0.00	0.00	2.44	(3.73)	8.53
ASIA	0.78	0.23	0.17	(3.69)	0.61	(0.88)	2.08	(1.55)	4.61
EWUS	0.74	0.21	0.13	(0.60)	0.72	(0.83)	2.02	(1.49)	4.55
MEM	0.76	0.24	0.17	(3.34)	0.71	(0.84)	2.37	(1.55)	5.83
INEQ	0.52	0.20	0.20	(3.18)	0.21	(0.61)	1.26	(0.93)	2.70

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