Hartford Moderate Correlations

HBACX Fund

USD 13.06 0.02 0.15%

The current 90-days correlation between Hartford Moderate and Clearbridge Value Trust is 0.64 (i.e., Poor 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

Very weak diversification

The correlation between Hartford Moderate Allocation and DJI is 0.4 (i.e., Very weak 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 main economic indicators.

Moving together with HARTFORD Mutual Fund

0.87	HGXFX	Hartford Global Impact	Pair Corr
0.61	HIPAX	The Hartford Inflation	Pair Corr
0.8	HNCYX	Hartford Interna	Pair Corr
0.8	HSEIX	Hartford Small Cap	Pair Corr
0.7	FBONX	American Funds American	Pair Corr
0.7	FBAFX	American Funds American	Pair Corr
0.7	ABALX	American Balanced	Pair Corr
0.68	BALCX	American Balanced	Pair Corr
0.7	BALFX	American Balanced	Pair Corr
0.69	RLBCX	American Balanced	Pair Corr
0.69	RLBBX	American Balanced	Pair Corr
0.7	CLBAX	American Balanced	Pair Corr
0.7	CLBEX	American Balanced	Pair Corr
0.71	RLBFX	American Balanced	Pair Corr
0.79	MGGYX	Mirova Global Green	Pair Corr
0.79	MGGAX	Mirova Global Green	Pair Corr
0.75	BXEIX	Barings Emerging Markets	Pair Corr
0.68	BXEAX	Barings Emerging Markets	Pair Corr

Related Correlations Analysis

	LMNVX	MCGIX	BIASX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF
LMNVX		0.9	0.96	0.78	0.79	-0.67	0.77	0.1	0.59	0.52	LMNVX
MCGIX	0.9		0.92	0.79	0.83	-0.57	0.78	0.12	0.68	0.62	MCGIX
BIASX	0.96	0.92		0.79	0.77	-0.59	0.8	0.25	0.67	0.49	BIASX
444859BR2	0.78	0.79	0.79		0.74	-0.65	0.8	0.24	0.66	0.43	444859BR2
AQUI	0.79	0.83	0.77	0.74		-0.59	0.81	-0.03	0.54	0.68	AQUI
BRRAY	-0.67	-0.57	-0.59	-0.65	-0.59		-0.71	0.18	-0.3	-0.49	BRRAY
MSTSX	0.77	0.78	0.8	0.8	0.81	-0.71		0.13	0.55	0.55	MSTSX
LBHIX	0.1	0.12	0.25	0.24	-0.03	0.18	0.13		0.6	-0.5	LBHIX
ABHYX	0.59	0.68	0.67	0.66	0.54	-0.3	0.55	0.6		0.08	ABHYX
SCAXF	0.52	0.62	0.49	0.43	0.68	-0.49	0.55	-0.5	0.08		SCAXF
	LMNVX	MCGIX	BIASX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF

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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

BIASX	+ 0.96	LMNVX
BIASX	+ 0.92	MCGIX
MCGIX	+ 0.9	LMNVX
AQUI	+ 0.83	MCGIX
MSTSX	+ 0.81	AQUI
MSTSX	+ 0.8	BIASX

High negative correlations

MSTSX	- 0.71	BRRAY
BRRAY	- 0.67	LMNVX
BRRAY	- 0.65	444859BR2
BRRAY	- 0.59	AQUI
BRRAY	- 0.59	BIASX
BRRAY	- 0.57	MCGIX

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
LMNVX	0.76	(0.08)	0.00	(0.16)	0.00	0.00	1.31	(1.04)	11.09
MCGIX	0.89	(0.10)	0.00	(0.25)	0.00	0.00	1.26	(2.03)	10.44
BIASX	0.88	(0.02)	0.00	(0.02)	0.00	0.00	1.49	(1.54)	10.43
444859BR2	0.53	(0.01)	(0.04)	(0.02)	0.69	(0.63)	1.63	(1.52)	3.94
AQUI	2.96	(1.50)	0.00	2.74	0.00	0.00	0.00	0.00	93.33
BRRAY	3.65	0.66	0.06	1.14	4.24	(11.58)	17.37	(11.51)	59.51
MSTSX	0.57	(0.15)	0.00	(0.44)	0.00	0.00	0.97	(1.20)	7.06
LBHIX	0.14	0.02	(0.01)	1.05	0.00	(0.32)	0.48	(0.24)	1.19
ABHYX	0.22	0.00	(0.04)	0.08	0.34	(0.29)	0.46	(0.56)	1.92
SCAXF	1.77	(0.99)	0.00	(0.38)	0.00	0.00	0.00	0.00	31.33

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