Hartford Multifactor Correlations

RODM Etf

USD 39.15 -0.43 -1.09%

The current 90-days correlation between Hartford Multifactor and JPMorgan Emerging Markets is 0.76 (i.e., Poor diversification).The correlation of Hartford Multifactor is a statistical measure of how it moves in relation to other instruments. The correlation coefficient ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5.

Market Correlation View for Hartford Multifactor

Modest diversification

For the present investment horizon, the measured correlation between RODM and DJI stands at 0.22, or Modest diversification. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.

Build portfolio with Hartford Etf

Hartford Multifactor has a market cap of 16.4 M, operating margin of -34.98%. See Your Equity Center for portfolio-level analysis. This reflects a position in Hartford Multifactor Developed across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in median.

Moving together with Hartford Etf

0.95	EFV	iShares MSCI EAFE	Pair Corr
0.99	FNDF	Schwab Fundamental	Pair Corr
0.97	VYMI	Vanguard International	Pair Corr
0.98	IDV	iShares International	Pair Corr
0.97	DFIV	Dimensional International	Pair Corr
0.94	IVLU	iShares Edge MSCI	Pair Corr
0.98	PXF	Invesco FTSE RAFI	Pair Corr
0.98	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.95	PID	Invesco International	Pair Corr
0.78	MUU	Direxion Daily MU Trending	Pair Corr
0.78	MULL	GraniteShares 2x Long Trending	Pair Corr
0.95	KORU	Direxion Daily South	Pair Corr
0.74	BWET	ETF Managers Group	Pair Corr
0.67	NUGT	Direxion Daily Gold	Pair Corr
0.64	JNUG	Direxion Daily Junior	Pair Corr
0.96	SPDV	AAM SAMPP 500	Pair Corr
0.62	URA	Global X Uranium	Pair Corr
0.78	WTIU	UBS ETRACS	Pair Corr
0.98	PAYR	Federated Hermes Enhanced	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.91	PFE	Pfizer Inc	Pair Corr
0.97	CAT	Caterpillar	Pair Corr
0.94	MRK	Merck Company	Pair Corr
0.88	T	ATT Inc Earnings Call Today	Pair Corr
0.83	MCD	McDonalds	Pair Corr
0.97	DD	Dupont De Nemours	Pair Corr
0.86	VZ	Verizon Communications	Pair Corr

Moving against Hartford Etf

0.57	ENAV	Collaborative Investment Low Volatility	Pair Corr
0.37	RKLX	DeFiance Daily Target	Pair Corr
0.9	MSFT	Microsoft	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.7	DIS	Walt Disney	Pair Corr
0.52	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	GEM	GSUS	XCEM	SCHY	SPGM	EMGF	DHS	GLOV	IYK	JEMA
GEM		0.17	0.94	0.9	0.91	1.0	0.87	0.64	0.84	0.99	GEM
GSUS	0.17		-0.03	-0.11	0.53	0.13	-0.17	-0.38	-0.23	0.04	GSUS
XCEM	0.94	-0.03		0.93	0.79	0.95	0.92	0.71	0.9	0.96	XCEM
SCHY	0.9	-0.11	0.93		0.76	0.91	0.97	0.72	0.97	0.94	SCHY
SPGM	0.91	0.53	0.79	0.76		0.9	0.71	0.39	0.66	0.85	SPGM
EMGF	1.0	0.13	0.95	0.91	0.9		0.89	0.67	0.85	0.99	EMGF
DHS	0.87	-0.17	0.92	0.97	0.71	0.89		0.76	0.98	0.91	DHS
GLOV	0.64	-0.38	0.71	0.72	0.39	0.67	0.76		0.75	0.72	GLOV
IYK	0.84	-0.23	0.9	0.97	0.66	0.85	0.98	0.75		0.89	IYK
JEMA	0.99	0.04	0.96	0.94	0.85	0.99	0.91	0.72	0.89		JEMA
	GEM	GSUS	XCEM	SCHY	SPGM	EMGF	DHS	GLOV	IYK	JEMA

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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

EMGF	+ 1.0	GEM
JEMA	+ 0.99	GEM
JEMA	+ 0.99	EMGF
IYK	+ 0.98	DHS
DHS	+ 0.97	SCHY
IYK	+ 0.97	SCHY

High negative correlations

GLOV	- 0.38	GSUS
IYK	- 0.23	GSUS
DHS	- 0.17	GSUS
SCHY	- 0.11	GSUS
XCEM	- 0.03	GSUS

Hartford Multifactor Constituents Risk-Adjusted Indicators

Evaluating Hartford Etf requires separating price momentum from underlying business quality relative to competitors. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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
GEM	0.98	0.19	0.13	0.09	1.37	-1.00	2.07	-2.02	7.60
GSUS	0.59	0.00	0.00	-0.09	0.00	0.00	0.87	-1.35	3.52
XCEM	1.04	0.16	0.17	-1.10	1.44	-1.09	2.39	-1.84	7.84
SCHY	0.68	0.14	0.17	0.14	0.89	-0.69	1.34	-1.65	4.75
SPGM	0.64	0.05	0.00	-0.03	0.00	0.00	1.09	-1.54	4.42
EMGF	0.99	0.20	0.13	0.09	1.37	-1.04	2.40	-1.97	7.66
DHS	0.48	0.12	0.27	0.15	0.43	-0.51	1.30	-0.84	2.59
GLOV	0.39	0.08	0.31	0.73	0.35	-0.41	0.80	-0.61	2.51
IYK	0.66	0.10	0.19	0.58	0.79	-0.70	1.48	-1.11	4.26
JEMA	1.03	0.22	0.13	0.10	1.53	-1.02	2.27	-2.32	7.93

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