The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford High
HAHCX Fund  USD 7.09  0.01  0.14%   
The current 90-days correlation between Hartford High and Ab Small Cap is 0.63 (i.e., Poor diversification). The correlation of The Hartford 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.

The Hartford Correlation With Market

Poor diversification

The correlation between The Hartford High and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford High 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 The Hartford High. 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 main economic indicators.

Moving together with The Mutual Fund

  0.98HGOFX Hartford GrowthPairCorr
  0.98HGOIX Hartford GrowthPairCorr
  0.98HGORX Hartford GrowthPairCorr
  0.98HGOSX Hartford GrowthPairCorr
  0.98HGOTX Hartford Growth OppoPairCorr
  0.98HGOVX Hartford GrowthPairCorr
  0.98HGOYX Hartford GrowthPairCorr
  0.98HGOAX Hartford GrowthPairCorr
  0.98HGOCX Hartford GrowthPairCorr
  0.94HGXFX Hartford Global ImpactPairCorr
  0.94HGXIX Hartford Global ImpactPairCorr
  0.94HGXTX Hartford Global ImpactPairCorr
  0.94HGXYX Hartford Global ImpactPairCorr
  0.97HHHCX Hartford SchrodersPairCorr
  0.98HHHFX Hartford SchrodersPairCorr
  0.97HHHSX Hartford SchrodersPairCorr
  0.92HHMAX The Hartford MunicipalPairCorr
  0.89HHMCX The Hartford MunicipalPairCorr
  0.81HHMFX The Hartford MunicipalPairCorr
  0.93HHMIX The Hartford MunicipalPairCorr
  0.94HHMYX The Hartford MunicipalPairCorr
  0.77HIABX Hartford Total ReturnPairCorr
  0.98HIACX Hartford Capital AppPairCorr
  0.76HIADX Hartford Dividend AndPairCorr
  0.74HIBSX Hartford Stock HlsPairCorr
  0.72HIAGX Hartford DisciplinedPairCorr
  0.96HIAOX Hartford InternationalPairCorr
  0.74HIASX Hartford Small PanyPairCorr
  0.98HILAX Hartford InternationalPairCorr
  0.98HILIX Hartford InternaPairCorr
  0.97HILRX Hartford InternaPairCorr
  0.98HILSX Hartford InternaPairCorr
  0.98HILTX Hartford InternationalPairCorr
  0.77HILYX Hartford InternaPairCorr
  0.85HIPAX The Hartford InflationPairCorr
  0.82HIPCX The Hartford InflationPairCorr
  0.86HIPFX The Hartford InflationPairCorr
  0.98HISCX Hartford Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Hartford 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 The Hartford's 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.

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