Correlation Between Cleartrack 2050 and The Hartford

Can any of the company-specific risk be diversified away by investing in both Cleartrack 2050 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 Cleartrack 2050 and The Hartford into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Cleartrack 2050 Class and The Hartford Short, you can compare the effects of market volatilities on Cleartrack 2050 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 Cleartrack 2050 with a short position of The Hartford. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cleartrack 2050 and The Hartford.

Diversification Opportunities for Cleartrack 2050 and The Hartford

0.13

Correlation Coefficient

Cleartrack 2050  The Hartford

Average diversification

The 3 months correlation between Cleartrack and The is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding Cleartrack 2050 Class and The Hartford Short in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hartford Short and Cleartrack 2050 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 Cleartrack 2050 Class 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 Short has no effect on the direction of Cleartrack 2050 i.e., Cleartrack 2050 and The Hartford go up and down completely randomly.

Pair Corralation between Cleartrack 2050 and The Hartford

If you would invest  985.00  in The Hartford Short on September 6, 2025 and sell it today you would earn a total of  1.00  from holding The Hartford Short or generate 0.1% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	4.76%
Values	Daily Returns

Cleartrack 2050 Class  vs.  The Hartford Short

Cleartrack 2050 Class

Risk-Adjusted Performance

Weakest

Over the last 90 days Cleartrack 2050 Class has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Cleartrack 2050 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Hartford Short

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in The Hartford Short are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, The Hartford is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Cleartrack 2050 and The Hartford

The main advantage of trading using opposite Cleartrack 2050 and The Hartford positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cleartrack 2050 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.

The idea behind Cleartrack 2050 Class and The Hartford Short 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.

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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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.