Hartford International Correlations

Mutual Funds . USA . 
Fund . Hartford International Equity
HDVTX Fund  USD 12.65  0.22  1.77%   
The current 90-days correlation between Hartford International and The Hartford Growth is 0.64 (i.e., Poor diversification). The correlation of Hartford International 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 International Correlation With Market

Poor diversification

The correlation between Hartford International Equity and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford International Equity 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 Hartford International Equity. 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 estimate.

Moving together with HARTFORD Mutual Fund

  0.98HGOFX Hartford GrowthPairCorr
  0.97HGOIX Hartford GrowthPairCorr
  0.97HGORX Hartford GrowthPairCorr
  0.98HGOSX Hartford GrowthPairCorr
  0.98HGOTX Hartford Growth OppoPairCorr
  0.98HGOVX Hartford GrowthPairCorr
  0.98HGOYX Hartford GrowthPairCorr
  0.97HGOAX Hartford GrowthPairCorr
  0.97HGOCX Hartford GrowthPairCorr
  0.96HGXAX Hartford Global ImpactPairCorr
  0.96HGXCX 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
  0.98HHHCX Hartford SchrodersPairCorr
  0.98HHHFX Hartford SchrodersPairCorr
  0.98HHHRX Hartford SchrodersPairCorr
  0.98HHHSX Hartford SchrodersPairCorr
  0.98HHHTX Hartford SchrodersPairCorr
  0.98HHHYX Hartford SchrodersPairCorr
  0.87HHMAX The Hartford MunicipalPairCorr
  0.84HHMCX The Hartford MunicipalPairCorr
  0.89HHMFX The Hartford MunicipalPairCorr
  0.89HHMIX The Hartford MunicipalPairCorr
  0.89HHMYX The Hartford MunicipalPairCorr
  0.67HIABX Hartford Total ReturnPairCorr
  0.98HIACX Hartford Capital AppPairCorr
  0.98HIADX Hartford Dividend AndPairCorr
  0.96HIBSX Hartford Stock HlsPairCorr
  0.97HIAGX Hartford DisciplinedPairCorr
  0.99HIAOX Hartford InternationalPairCorr
  0.98HIASX Hartford Small PanyPairCorr
  0.98HIBCX Hartford Capital AppPairCorr
  0.96HIMCX Hartford Midcap HlsPairCorr
  0.98HILAX 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 International 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 International'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HGOFX  0.80  0.20  0.21  0.38  0.42 
(0.96)
 2.46 
(1.42)
 5.44 
HGOIX  0.82  0.35  0.16 (2.77) 0.61 
(0.95)
 2.45 
(1.42)
 5.45 
HGORX  0.82  0.35  0.16 (2.74) 0.62 
(0.95)
 2.45 
(1.43)
 5.43 
HGOSX  0.80  0.20  0.21  0.38  0.43 
(0.95)
 2.45 
(1.41)
 5.43 
HGOTX  0.80  0.20  0.21  0.38  0.42 
(0.95)
 2.46 
(1.43)
 5.43 
HGOVX  0.80  0.20  0.21  0.38  0.43 
(0.96)
 2.46 
(1.42)
 5.44 
HGOYX  0.80  0.20  0.21  0.38  0.43 
(0.96)
 2.45 
(1.41)
 5.42 
HGOAX  0.82  0.35  0.16 (2.75) 0.62 
(0.95)
 2.45 
(1.43)
 5.43 
HGOCX  0.82  0.35  0.15 (2.73) 0.62 
(0.95)
 2.44 
(1.43)
 5.43 
HGXAX  0.59  0.19  0.01 (2.63) 0.46 
(0.72)
 1.60 
(1.01)
 3.87 

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