Hartford Moderate Correlations

HBAAX Fund

USD 13.40 0.07 0.53%

The current 90-days correlation between Hartford Moderate and American Funds American is 0.94 (i.e., Almost no 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

Poor diversification

The correlation between Hartford Moderate Allocation and DJI is 0.79 (i.e., 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 nation.

Moving together with Hartford Mutual Fund

0.82	HGOFX	Hartford Growth	Pair Corr
0.82	HGOIX	Hartford Growth	Pair Corr
0.83	HGORX	Hartford Growth	Pair Corr
0.82	HGOSX	Hartford Growth	Pair Corr
0.82	HGOTX	Hartford Growth Oppo	Pair Corr
0.82	HGOVX	Hartford Growth	Pair Corr
0.82	HGOYX	Hartford Growth	Pair Corr
0.82	HGOAX	Hartford Growth	Pair Corr
0.83	HGOCX	Hartford Growth	Pair Corr
0.81	HGXAX	Hartford Global Impact	Pair Corr
0.79	HGXCX	Hartford Global Impact	Pair Corr
0.83	HGXFX	Hartford Global Impact	Pair Corr
0.82	HGXIX	Hartford Global Impact	Pair Corr
0.81	HGXRX	Hartford Global Impact	Pair Corr
0.81	HGXSX	Hartford Global Impact	Pair Corr
0.82	HGXTX	Hartford Global Impact	Pair Corr
0.83	HGXVX	Hartford Global Impact	Pair Corr
0.82	HGXYX	Hartford Global Impact	Pair Corr
0.89	HIACX	Hartford Capital App	Pair Corr
0.9	HIADX	Hartford Dividend And	Pair Corr
0.89	HIAGX	Hartford Disciplined	Pair Corr
0.86	HIASX	Hartford Small Pany	Pair Corr
0.89	HIBCX	Hartford Capital App	Pair Corr
0.88	HIMCX	Hartford Midcap Hls	Pair Corr

Moving against Hartford Mutual Fund

0.35	HIABX	Hartford Total Return	Pair Corr
0.38	HIAHX	Hartford Healthcare Hls	Pair Corr

Related Correlations Analysis

	FBONX	FBAFX	ABALX	BALCX	BALFX	RLBCX	RLBBX	CLBAX	CLBEX	RLBFX
FBONX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FBONX
FBAFX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FBAFX
ABALX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	ABALX
BALCX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	BALCX
BALFX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	BALFX
RLBCX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	RLBCX
RLBBX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	RLBBX
CLBAX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	CLBAX
CLBEX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	CLBEX
RLBFX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		RLBFX
	FBONX	FBAFX	ABALX	BALCX	BALFX	RLBCX	RLBBX	CLBAX	CLBEX	RLBFX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FBONX	0.37	(0.02)	(0.14)	0.10	0.40	(0.39)	0.75	(0.90)	2.11
FBAFX	0.37	(0.02)	(0.14)	0.10	0.42	(0.38)	0.75	(0.88)	2.11
ABALX	0.37	(0.02)	(0.14)	0.10	0.40	(0.39)	0.75	(0.90)	2.11
BALCX	0.37	(0.02)	(0.14)	0.09	0.42	(0.38)	0.75	(0.91)	2.13
BALFX	0.37	(0.02)	(0.14)	0.10	0.42	(0.39)	0.72	(0.91)	2.11
RLBCX	0.36	(0.02)	(0.14)	0.09	0.40	(0.38)	0.75	(0.88)	2.12
RLBBX	0.37	(0.02)	(0.15)	0.09	0.41	(0.38)	0.75	(0.89)	2.13
CLBAX	0.36	(0.02)	(0.14)	0.10	0.40	(0.39)	0.72	(0.91)	2.12
CLBEX	0.37	(0.02)	(0.14)	0.10	0.40	(0.39)	0.75	(0.91)	2.12
RLBFX	0.37	(0.01)	(0.14)	0.10	0.40	(0.38)	0.74	(0.90)	2.14

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