Hartford Emerging Correlations

Mutual Funds . USA . 
Fund . Hartford Emerging Markets
HERCX Fund  USD 11.34  0.07  0.62%   
The current 90-days correlation between Hartford Emerging Markets and The Hartford Growth is 0.63 (i.e., Poor diversification). The correlation of Hartford Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Hartford Emerging Markets and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Emerging Markets 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 Emerging Markets. 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 Hartford Mutual Fund

  0.99HGOFX Hartford GrowthPairCorr
  0.98HGORX Hartford GrowthPairCorr
  0.99HGOTX Hartford Growth OppoPairCorr
  0.99HGOAX Hartford GrowthPairCorr
  0.98HGOCX Hartford GrowthPairCorr
  0.95HGXFX Hartford Global ImpactPairCorr
  0.95HGXIX Hartford Global ImpactPairCorr
  0.95HGXTX Hartford Global ImpactPairCorr
  0.9HHMYX The Hartford MunicipalPairCorr
  0.97HIADX Hartford Dividend AndPairCorr
  0.98HIAGX Hartford DisciplinedPairCorr
  0.96HIAOX Hartford InternationalPairCorr
  0.97HILAX Hartford InternationalPairCorr
  0.81HIPAX The Hartford InflationPairCorr
  0.79HIPCX The Hartford InflationPairCorr
  0.82HIPFX The Hartford InflationPairCorr
  0.98HISCX Hartford Small CapPairCorr
  1.0SEMNX Hartford SchrodersPairCorr
  0.96HLDAX Hartford EmergingPairCorr
  0.96HLDCX Hartford EmergingPairCorr
  0.96HLDIX Hartford EmergingPairCorr
  0.96HLDRX Hartford EmergingPairCorr
  0.96HLDTX Hartford EmergingPairCorr
  0.95HMDCX Hartford MidcapPairCorr
  0.96HMJIX Hartford Municipal ShortPairCorr
  0.98HNCRX Hartford InternationalPairCorr
  0.98HNCUX Hartford InternaPairCorr
  0.94HOOCX Hartford Schroders SmallPairCorr
  0.97SIDVX Hartford SchrodersPairCorr
  0.69ITBAX Hartford TotalPairCorr
  0.98ITHAX Hartford CapitalPairCorr
  0.98ITHIX Hartford CapitalPairCorr
  0.98ITTAX Hartford BalancedPairCorr
  0.98ITTRX Hartford BalancedPairCorr
  0.98ITTVX Hartford BalancedPairCorr
  0.97HQIAX Hartford EquityPairCorr
  0.99HRAAX Hartford Growth AlloPairCorr
  0.98HRACX Hartford GrowthPairCorr
  0.95HRLRX Hartford GlobalPairCorr

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 Emerging 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 Emerging'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  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.43)
 5.44 
HGOIX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.42)
 5.45 
HGORX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOSX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOTX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.44)
 5.43 
HGOVX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.44)
 5.44 
HGOYX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.42)
 5.42 
HGOAX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOCX  0.82  0.20  0.19  0.34  0.64 
(0.96)
 2.44 
(1.43)
 5.43 
HGXAX  0.59  0.09  0.06  0.26  0.46 
(0.71)
 1.60 
(1.01)
 3.87 

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