Hartford Schroders Correlations

SEMVX Fund

USD 17.03 0.05 0.29%

The current 90-days correlation between Hartford Schroders and Diamond Hill Large is 0.31 (i.e., Weak diversification). The correlation of Hartford Schroders 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 Schroders Correlation With Market

Good diversification

The correlation between Hartford Schroders Emerging and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Schroders Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Hartford Schroders Emerging. 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

1.0	HHHCX	Hartford Schroders	Pair Corr
1.0	HHHFX	Hartford Schroders	Pair Corr
1.0	HHHRX	Hartford Schroders	Pair Corr
1.0	HHHSX	Hartford Schroders	Pair Corr
1.0	HHHTX	Hartford Schroders	Pair Corr
1.0	HHHYX	Hartford Schroders	Pair Corr
0.68	HIAOX	Hartford International	Pair Corr

Related Correlations Analysis

	DHLRX	LISIX	EGFIX	ABEYX	GTSCX
DHLRX		-0.65	0.87	-0.69	0.89	DHLRX
LISIX	-0.65		-0.6	0.96	-0.52	LISIX
EGFIX	0.87	-0.6		-0.66	0.87	EGFIX
ABEYX	-0.69	0.96	-0.66		-0.62	ABEYX
GTSCX	0.89	-0.52	0.87	-0.62		GTSCX
	DHLRX	LISIX	EGFIX	ABEYX	GTSCX

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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

ABEYX	+ 0.96	LISIX
GTSCX	+ 0.89	DHLRX
EGFIX	+ 0.87	DHLRX
GTSCX	+ 0.87	EGFIX

High negative correlations

ABEYX	- 0.69	DHLRX
ABEYX	- 0.66	EGFIX
LISIX	- 0.65	DHLRX
GTSCX	- 0.62	ABEYX
EGFIX	- 0.6	LISIX
GTSCX	- 0.52	LISIX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Schroders 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 Schroders' 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
DHLRX	0.54	0.07	(0.10)	(1.63)	0.49	(0.56)	1.07	(0.93)	3.24
LISIX	0.66	(0.16)	0.00	(0.13)	0.00	0.00	1.02	(1.16)	3.68
EGFIX	0.73	(0.01)	(0.02)	0.12	0.91	(0.71)	1.70	(1.78)	4.66
ABEYX	0.69	(0.15)	0.00	(0.24)	0.00	0.00	1.11	(1.51)	4.02
GTSCX	0.87	(0.06)	(0.02)	0.08	0.80	(1.04)	1.93	(1.54)	7.12

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