Hartford Checks Correlations

Mutual Funds . USA . 
Fund . The Hartford Checks
HCKAX Fund  USD 10.33  0.04  0.39%   
The current 90-days correlation between Hartford Checks and The Hartford Growth is 0.06 (i.e., Significant diversification). The correlation of Hartford Checks 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.

Hartford Checks Correlation With Market

Almost no diversification

The correlation between The Hartford Checks and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Checks 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 Checks. 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 nation.

Moving together with Hartford Mutual Fund

  0.66HGOFX Hartford GrowthPairCorr
  0.66HGOIX Hartford GrowthPairCorr
  0.66HGORX Hartford GrowthPairCorr
  0.66HGOSX Hartford GrowthPairCorr
  0.99HGOTX Hartford Growth OppoPairCorr
  0.66HGOVX Hartford GrowthPairCorr
  0.66HGOYX Hartford GrowthPairCorr
  0.66HGOAX Hartford GrowthPairCorr
  0.99HGOCX Hartford GrowthPairCorr
  0.79HGXAX Hartford Global ImpactPairCorr
  0.79HGXCX Hartford Global ImpactPairCorr
  0.79HGXFX Hartford Global ImpactPairCorr
  0.79HGXIX Hartford Global ImpactPairCorr
  0.95HGXRX Hartford Global ImpactPairCorr
  0.79HGXSX Hartford Global ImpactPairCorr
  0.79HGXTX Hartford Global ImpactPairCorr
  0.79HGXVX Hartford Global ImpactPairCorr
  0.79HGXYX Hartford Global ImpactPairCorr
  0.74HHHCX Hartford SchrodersPairCorr
  0.74HHHFX Hartford SchrodersPairCorr
  0.74HHHRX Hartford SchrodersPairCorr
  0.74HHHSX Hartford SchrodersPairCorr
  0.74HHHTX Hartford SchrodersPairCorr
  0.98HHHYX Hartford SchrodersPairCorr
  0.82HHMAX The Hartford MunicipalPairCorr
  0.8HHMCX The Hartford MunicipalPairCorr
  0.83HHMFX The Hartford MunicipalPairCorr
  0.83HHMIX The Hartford MunicipalPairCorr
  0.83HHMYX The Hartford MunicipalPairCorr
  0.77HIACX Hartford Capital AppPairCorr
  0.8HIADX Hartford Dividend AndPairCorr
  0.8HIBSX Hartford Stock HlsPairCorr
  0.77HIAGX Hartford DisciplinedPairCorr
  0.82HIAOX Hartford InternationalPairCorr
  0.77HIASX Hartford Small PanyPairCorr
  0.77HIBCX Hartford Capital AppPairCorr
  0.95HIMCX Hartford Midcap HlsPairCorr
  0.74HILAX Hartford InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Checks 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 Hartford Checks' 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HGOFX  0.77  0.42  0.42  10.96  0.00 
(0.99)
 2.46 
(0.91)
 5.44 
HGOIX  0.77  0.42  0.42  11.51  0.00 
(0.99)
 2.45 
(0.92)
 5.45 
HGORX  0.77  0.42  0.42  11.02  0.00 
(0.99)
 2.45 
(0.94)
 5.43 
HGOSX  0.77  0.42  0.42  11.00  0.00 
(0.99)
 2.45 
(0.93)
 5.43 
HGOTX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.44)
 5.43 
HGOVX  0.77  0.42  0.42  11.31  0.00 
(0.99)
 2.46 
(0.91)
 5.44 
HGOYX  0.77  0.42  0.42  10.83  0.00 
(0.99)
 2.45 
(0.92)
 5.42 
HGOAX  0.78  0.33  0.43  0.55  0.00 
(0.99)
 2.45 
(0.92)
 5.43 
HGOCX  0.82  0.20  0.19  0.34  0.64 
(0.96)
 2.44 
(1.43)
 5.43 
HGXAX  0.56  0.23  0.12 (2.73) 0.27 
(0.72)
 1.60 
(0.99)
 3.87 

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