Hartford Moderate Correlations

Mutual Funds . USA . 
Fund . Hartford Moderate Allocation
HBASX Fund  USD 13.74  0.01  0.07%   
The current 90-days correlation between Hartford Moderate and The Hartford Growth is 0.87 (i.e., Very 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 poor diversification

The correlation between Hartford Moderate Allocation and DJI is 0.88 (i.e., Very poor 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 state.

Moving together with Hartford Mutual Fund

  0.99HGOFX Hartford GrowthPairCorr
  0.99HGOIX Hartford GrowthPairCorr
  0.99HGORX Hartford GrowthPairCorr
  0.99HGOSX Hartford GrowthPairCorr
  0.99HGOTX Hartford Growth OppoPairCorr
  0.99HGOVX Hartford GrowthPairCorr
  0.99HGOYX Hartford GrowthPairCorr
  0.99HGOAX Hartford GrowthPairCorr
  0.99HGOCX Hartford GrowthPairCorr
  0.97HGXAX Hartford Global ImpactPairCorr
  0.97HGXCX Hartford Global ImpactPairCorr
  0.97HGXFX Hartford Global ImpactPairCorr
  0.97HGXIX Hartford Global ImpactPairCorr
  0.97HGXRX Hartford Global ImpactPairCorr
  0.97HGXSX Hartford Global ImpactPairCorr
  0.97HGXTX Hartford Global ImpactPairCorr
  0.97HGXVX Hartford Global ImpactPairCorr
  0.97HGXYX Hartford Global ImpactPairCorr
  0.98HHHCX Hartford SchrodersPairCorr
  0.99HHHFX Hartford SchrodersPairCorr
  0.98HHHRX Hartford SchrodersPairCorr
  0.98HHHSX Hartford SchrodersPairCorr
  0.98HHHTX Hartford SchrodersPairCorr
  0.98HHHYX Hartford SchrodersPairCorr
  0.92HHMAX The Hartford MunicipalPairCorr
  0.89HHMCX The Hartford MunicipalPairCorr
  0.93HHMFX The Hartford MunicipalPairCorr
  0.93HHMIX The Hartford MunicipalPairCorr
  0.93HHMYX The Hartford MunicipalPairCorr
  0.74HIABX Hartford Total ReturnPairCorr
  0.99HIACX Hartford Capital AppPairCorr
  0.99HIADX Hartford Dividend AndPairCorr
  0.95HIBSX Hartford Stock HlsPairCorr
  0.99HIAGX Hartford DisciplinedPairCorr
  0.98HIAOX Hartford InternationalPairCorr
  0.98HIASX Hartford Small PanyPairCorr
  0.99HIBCX Hartford Capital AppPairCorr
  0.97HIMCX Hartford Midcap HlsPairCorr
  0.98HILAX Hartford InternationalPairCorr

Related Correlations Analysis

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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  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.43)
 5.44 
HGOIX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.42)
 5.45 
HGORX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOSX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOTX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.44)
 5.43 
HGOVX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.44)
 5.44 
HGOYX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.42)
 5.42 
HGOAX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOCX  0.82  0.20  0.19  0.34  0.64 
(0.96)
 2.44 
(1.43)
 5.43 
HGXAX  0.59  0.09  0.06  0.26  0.46 
(0.71)
 1.60 
(1.01)
 3.87 

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