Correlation Between Federated Mdt and Hartford Stock

Can any of the company-specific risk be diversified away by investing in both Federated Mdt and Hartford Stock 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 Federated Mdt and Hartford Stock into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Federated Mdt Mid Cap and Hartford Stock Hls, you can compare the effects of market volatilities on Federated Mdt and Hartford Stock 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 Federated Mdt with a short position of Hartford Stock. Check out your portfolio center. Please also check ongoing floating volatility patterns of Federated Mdt and Hartford Stock.

Diversification Opportunities for Federated Mdt and Hartford Stock

0.0

Correlation Coefficient

Federated Mdt  Hartford Stock

Pay attention - limited upside

The 3 months correlation between Federated and Hartford is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Federated Mdt Mid Cap and Hartford Stock Hls in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hartford Stock Hls and Federated Mdt 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 Federated Mdt Mid Cap are associated (or correlated) with Hartford Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hartford Stock Hls has no effect on the direction of Federated Mdt i.e., Federated Mdt and Hartford Stock go up and down completely randomly.

Pair Corralation between Federated Mdt and Hartford Stock

If you would invest  9,177  in Hartford Stock Hls on September 13, 2025 and sell it today you would earn a total of  387.00  from holding Hartford Stock Hls or generate 4.22% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Federated Mdt Mid Cap  vs.  Hartford Stock Hls

Federated Mdt Mid

Risk-Adjusted Performance

Weakest

Over the last 90 days Federated Mdt Mid Cap has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Federated Mdt is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Hartford Stock Hls

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Hartford Stock Hls are ranked lower than 8 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Hartford Stock is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Federated Mdt and Hartford Stock

The main advantage of trading using opposite Federated Mdt and Hartford Stock positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Federated Mdt position performs unexpectedly, Hartford Stock 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 Hartford Stock will offset losses from the drop in Hartford Stock's long position.

The idea behind Federated Mdt Mid Cap and Hartford Stock Hls pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.