Correlation Between Simt Us and The Hartford
Can any of the company-specific risk be diversified away by investing in both Simt Us and The Hartford at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Simt Us and The Hartford into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Simt Managed Volatility and The Hartford Balanced, you can compare the effects of market volatilities on Simt Us and The Hartford and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Simt Us with a short position of The Hartford. Check out your portfolio center. Please also check ongoing floating volatility patterns of Simt Us and The Hartford.
Diversification Opportunities for Simt Us and The Hartford
-0.26 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Simt and The is -0.26. Overlapping area represents the amount of risk that can be diversified away by holding Simt Managed Volatility and The Hartford Balanced in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hartford Balanced and Simt Us is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Simt Managed Volatility are associated (or correlated) with The Hartford. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hartford Balanced has no effect on the direction of Simt Us i.e., Simt Us and The Hartford go up and down completely randomly.
Pair Corralation between Simt Us and The Hartford
Assuming the 90 days horizon Simt Us is expected to generate 2.27 times less return on investment than The Hartford. In addition to that, Simt Us is 1.97 times more volatile than The Hartford Balanced. It trades about 0.02 of its total potential returns per unit of risk. The Hartford Balanced is currently generating about 0.11 per unit of volatility. If you would invest 1,979 in The Hartford Balanced on August 28, 2025 and sell it today you would earn a total of 37.00 from holding The Hartford Balanced or generate 1.87% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Simt Managed Volatility vs. The Hartford Balanced
Performance |
| Timeline |
| Simt Managed Volatility |
| Hartford Balanced |
Simt Us and The Hartford Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Simt Us and The Hartford
The main advantage of trading using opposite Simt Us and The Hartford positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Simt Us position performs unexpectedly, The Hartford can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in The Hartford will offset losses from the drop in The Hartford's long position.| Simt Us vs. Crossmark Steward Equity | Simt Us vs. Sei Insti Mgd | Simt Us vs. Balanced Fund Retail | Simt Us vs. Legg Mason Partners |
| The Hartford vs. Ultramid Cap Profund Ultramid Cap | The Hartford vs. Small Cap Value Profund | The Hartford vs. Mid Cap Value Profund | The Hartford vs. Ultrasmall Cap Profund Ultrasmall Cap |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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