Hartford Schroders Correlations

HHHFX Fund

USD 17.32 0.09 0.52%

The current 90-days correlation between Hartford Schroders and Alliancebernstein Global High is 0.34 (i.e., Weak diversification). The correlation of Hartford Schroders 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 Schroders Correlation With Market

Average diversification

The correlation between Hartford Schroders Emerging and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Schroders Emerging 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 Schroders Emerging. 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 census.

Moving together with Hartford Mutual Fund

1.0	HHHCX	Hartford Schroders	Pair Corr
1.0	HHHRX	Hartford Schroders	Pair Corr
1.0	HHHSX	Hartford Schroders	Pair Corr
0.93	HHHTX	Hartford Schroders	Pair Corr
1.0	HHHYX	Hartford Schroders	Pair Corr
0.76	HIAOX	Hartford International	Pair Corr
0.69	HILAX	Hartford International	Pair Corr
0.69	HILDX	Hartford International	Pair Corr

Moving against Hartford Mutual Fund

0.47	HIMCX	Hartford Midcap Hls	Pair Corr
0.33	HIASX	Hartford Small Pany	Pair Corr

Related Correlations Analysis

	AWF	SGMAX	WRLDX	KGLCX	BXFIX	CBSYX
AWF		0.1	0.22	-0.35	-0.21	0.42	AWF
SGMAX	0.1		0.84	0.78	0.8	0.13	SGMAX
WRLDX	0.22	0.84		0.73	0.64	0.22	WRLDX
KGLCX	-0.35	0.78	0.73		0.88	-0.12	KGLCX
BXFIX	-0.21	0.8	0.64	0.88		-0.16	BXFIX
CBSYX	0.42	0.13	0.22	-0.12	-0.16		CBSYX
	AWF	SGMAX	WRLDX	KGLCX	BXFIX	CBSYX

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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

BXFIX	+ 0.88	KGLCX
WRLDX	+ 0.84	SGMAX
BXFIX	+ 0.8	SGMAX
KGLCX	+ 0.78	SGMAX
KGLCX	+ 0.73	WRLDX
BXFIX	+ 0.64	WRLDX

High negative correlations

KGLCX	- 0.35	AWF
BXFIX	- 0.21	AWF
CBSYX	- 0.16	BXFIX
CBSYX	- 0.12	KGLCX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Schroders 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 Schroders' 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
AWF	0.32	(0.03)	(0.27)	(0.04)	0.37	(0.37)	0.56	(0.72)	1.83
SGMAX	0.33	0.03	(0.17)	0.31	0.25	(0.40)	0.64	(0.62)	1.58
WRLDX	0.47	(0.02)	(0.13)	0.06	0.43	(0.56)	0.92	(0.72)	2.75
KGLCX	1.12	0.35	0.27	0.47	0.77	(1.35)	3.14	(1.89)	7.99
BXFIX	0.08	0.02	(0.62)	1.63	0.00	(0.22)	0.12	(0.12)	0.81
CBSYX	0.56	(0.25)	0.00	(0.34)	0.00	0.00	0.56	(0.67)	1.85

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