Hartford Moderate Correlations

HBARX Fund

USD 12.64 0.07 0.56%

The current 90-days correlation between Hartford Moderate and The Hartford Growth is 0.78 (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

Modest diversification

The correlation between Hartford Moderate Allocation and DJI is 0.23 (i.e., Modest 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 metropolitan statistical area.

Moving together with Hartford Mutual Fund

0.84	HGXAX	Hartford Global Impact	Pair Corr
0.82	HGXCX	Hartford Global Impact	Pair Corr
0.86	HGXFX	Hartford Global Impact	Pair Corr
0.85	HGXIX	Hartford Global Impact	Pair Corr
0.84	HGXRX	Hartford Global Impact	Pair Corr
0.81	HGXSX	Hartford Global Impact	Pair Corr
0.86	HGXTX	Hartford Global Impact	Pair Corr
0.86	HGXVX	Hartford Global Impact	Pair Corr
0.85	HGXYX	Hartford Global Impact	Pair Corr
0.63	HHMYX	The Hartford Municipal	Pair Corr
0.78	HIACX	Hartford Capital App	Pair Corr
0.69	HIADX	Hartford Dividend And	Pair Corr
0.76	HIAGX	Hartford Disciplined	Pair Corr
0.79	HIASX	Hartford Small Pany	Pair Corr
0.78	HIBCX	Hartford Capital App	Pair Corr
0.78	HIMCX	Hartford Midcap Hls	Pair Corr

Related Correlations Analysis

	HGOFX	HGOIX	HGORX	HGOSX	HGOTX	HGOVX	HGOYX	HGOAX	HGOCX	HGXAX
HGOFX		1.0	0.96	1.0	1.0	1.0	0.96	0.96	1.0	-0.04	HGOFX
HGOIX	1.0		0.96	1.0	1.0	1.0	0.96	0.96	1.0	-0.04	HGOIX
HGORX	0.96	0.96		0.96	0.96	0.96	1.0	1.0	0.96	-0.12	HGORX
HGOSX	1.0	1.0	0.96		1.0	1.0	0.96	0.96	1.0	-0.04	HGOSX
HGOTX	1.0	1.0	0.96	1.0		1.0	0.96	0.96	1.0	-0.04	HGOTX
HGOVX	1.0	1.0	0.96	1.0	1.0		0.96	0.96	1.0	-0.04	HGOVX
HGOYX	0.96	0.96	1.0	0.96	0.96	0.96		1.0	0.96	-0.12	HGOYX
HGOAX	0.96	0.96	1.0	0.96	0.96	0.96	1.0		0.96	-0.12	HGOAX
HGOCX	1.0	1.0	0.96	1.0	1.0	1.0	0.96	0.96		-0.03	HGOCX
HGXAX	-0.04	-0.04	-0.12	-0.04	-0.04	-0.04	-0.12	-0.12	-0.03		HGXAX
	HGOFX	HGOIX	HGORX	HGOSX	HGOTX	HGOVX	HGOYX	HGOAX	HGOCX	HGXAX

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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

HGOIX	+ 1.0	HGOFX
HGOSX	+ 1.0	HGOFX
HGOTX	+ 1.0	HGOFX
HGOVX	+ 1.0	HGOFX
HGOCX	+ 1.0	HGOFX
HGOSX	+ 1.0	HGOIX

High negative correlations

HGXAX	- 0.12	HGOAX
HGXAX	- 0.12	HGOYX
HGXAX	- 0.12	HGORX
HGXAX	- 0.04	HGOVX
HGXAX	- 0.04	HGOTX
HGXAX	- 0.04	HGOSX

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
HGOFX	0.82	0.18	0.12	0.90	1.12	(0.81)	1.70	(1.75)	5.92
HGOIX	0.82	0.18	0.12	0.89	1.12	(0.81)	1.71	(1.75)	5.92
HGORX	0.83	0.14	0.09	1.96	1.18	(0.79)	1.72	(1.74)	5.92
HGOSX	0.82	0.18	0.12	0.88	1.12	(0.81)	1.73	(1.75)	5.90
HGOTX	0.82	0.18	0.12	0.89	1.12	(0.80)	1.71	(1.75)	5.92
HGOVX	0.82	0.18	0.12	0.90	1.12	(0.81)	1.72	(1.75)	5.92
HGOYX	0.83	0.14	0.09	1.93	1.18	(0.77)	1.72	(1.75)	5.91
HGOAX	0.83	0.14	0.09	1.90	1.18	(0.79)	1.72	(1.74)	5.91
HGOCX	0.82	0.18	0.12	0.87	1.13	(0.81)	1.71	(1.76)	5.93
HGXAX	0.56	(0.06)	0.00	(0.26)	0.00	0.00	0.90	(1.05)	4.02

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