Hartford Moderate Correlations

Mutual Funds . USA . 
Fund . Hartford Moderate Allocation
HBARX Fund  USD 13.49  0.02  0.15%   
The current 90-days correlation between Hartford Moderate and The Hartford Growth is 0.05 (i.e., Significant 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

Good diversification

The correlation between Hartford Moderate Allocation and DJI is -0.09 (i.e., Good 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

  0.98HGOFX Hartford GrowthPairCorr
  0.99HGOIX Hartford GrowthPairCorr
  0.99HGORX Hartford GrowthPairCorr
  0.98HGOSX Hartford GrowthPairCorr
  0.98HGOTX Hartford Growth OppoPairCorr
  0.98HGOVX Hartford GrowthPairCorr
  0.98HGOYX Hartford GrowthPairCorr
  0.99HGOAX Hartford GrowthPairCorr
  0.99HGOCX Hartford GrowthPairCorr
  0.97HGXAX Hartford Global ImpactPairCorr
  0.97HGXCX Hartford Global ImpactPairCorr
  0.95HGXFX Hartford Global ImpactPairCorr
  0.95HGXIX Hartford Global ImpactPairCorr
  0.97HGXRX Hartford Global ImpactPairCorr
  0.95HGXSX Hartford Global ImpactPairCorr
  0.95HGXTX Hartford Global ImpactPairCorr
  0.95HGXVX Hartford Global ImpactPairCorr
  0.95HGXYX Hartford Global ImpactPairCorr
  0.97HHHCX Hartford SchrodersPairCorr
  0.97HHHFX Hartford SchrodersPairCorr
  0.97HHHRX Hartford SchrodersPairCorr
  0.97HHHSX Hartford SchrodersPairCorr
  0.97HHHTX Hartford SchrodersPairCorr
  0.97HHHYX Hartford SchrodersPairCorr
  0.92HHMAX The Hartford MunicipalPairCorr
  0.89HHMCX The Hartford MunicipalPairCorr
  0.92HHMFX The Hartford MunicipalPairCorr
  0.92HHMIX The Hartford MunicipalPairCorr
  0.92HHMYX The Hartford MunicipalPairCorr
  0.71HIABX Hartford Total ReturnPairCorr
  0.98HIACX Hartford Capital AppPairCorr
  0.98HIADX Hartford Dividend AndPairCorr
  0.94HIBSX Hartford Stock HlsPairCorr
  0.99HIAGX Hartford DisciplinedPairCorr
  0.97HIAOX Hartford InternationalPairCorr
  0.96HIASX Hartford Small PanyPairCorr
  0.98HIBCX Hartford Capital AppPairCorr
  0.95HIMCX Hartford Midcap HlsPairCorr
  0.98HILAX Hartford InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HGOFX  0.82  0.20  0.19  0.34  0.62 
(0.96)
 2.46 
(1.43)
 5.44 
HGOIX  0.82  0.35  0.19 (2.85) 0.63 
(0.96)
 2.45 
(1.42)
 5.45 
HGORX  0.82  0.35  0.19 (2.82) 0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOSX  0.82  0.20  0.19  0.34  0.62 
(0.95)
 2.45 
(1.43)
 5.43 
HGOTX  0.82  0.20  0.19  0.34  0.62 
(0.95)
 2.46 
(1.44)
 5.43 
HGOVX  0.82  0.20  0.19  0.34  0.62 
(0.96)
 2.46 
(1.44)
 5.44 
HGOYX  0.82  0.20  0.19  0.34  0.62 
(0.96)
 2.45 
(1.42)
 5.42 
HGOAX  0.82  0.35  0.19 (2.82) 0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOCX  0.82  0.35  0.19 (2.79) 0.64 
(0.96)
 2.44 
(1.43)
 5.43 
HGXAX  0.59  0.19  0.06 (3.02) 0.46 
(0.71)
 1.60 
(1.01)
 3.87 

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