The Hartford Correlations

Mutual Funds USA . 
Fund . The Hartford Dividend
HDGCX Fund  USD 33.00  0.05  0.15%   
The current 90-days correlation between Hartford Dividend and The Hartford Capital is 0.94 (i.e., Almost no 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

Almost no diversification

The correlation between The Hartford Dividend and DJI is 0.96 (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 Dividend 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 Dividend. 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
  0.97HGXAX Hartford Global ImpactPairCorr
  0.97HGXCX Hartford Global ImpactPairCorr
  0.97HGXFX Hartford Global ImpactPairCorr
  0.97HGXIX Hartford Global ImpactPairCorr
  0.97HGXRX Hartford Global ImpactPairCorr
  0.97HGXSX Hartford Global ImpactPairCorr
  0.97HGXTX Hartford Global ImpactPairCorr
  0.97HGXVX Hartford Global ImpactPairCorr
  0.97HGXYX Hartford Global ImpactPairCorr
  0.97HHHCX Hartford SchrodersPairCorr
  0.97HHHFX Hartford SchrodersPairCorr
  0.97HHHRX Hartford SchrodersPairCorr
  0.97HHHSX Hartford SchrodersPairCorr
  0.97HHHTX Hartford SchrodersPairCorr
  0.97HHHYX Hartford SchrodersPairCorr
  0.92HHMAX The Hartford MunicipalPairCorr
  0.89HHMCX The Hartford MunicipalPairCorr
  0.93HHMFX The Hartford MunicipalPairCorr
  0.93HHMIX The Hartford MunicipalPairCorr
  0.92HHMYX The Hartford MunicipalPairCorr
  0.72HIABX Hartford Total ReturnPairCorr
  0.99HIACX Hartford Capital AppPairCorr
  1.0HIADX Hartford Dividend AndPairCorr
  0.97HIBSX Hartford Stock HlsPairCorr
  0.99HIAGX Hartford DisciplinedPairCorr
  0.96HIAOX Hartford InternationalPairCorr
  0.98HIASX Hartford Small PanyPairCorr
  0.99HIBCX Hartford Capital AppPairCorr
  0.97HIMCX Hartford Midcap HlsPairCorr
  0.96HILAX Hartford InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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