Hartford Midcap Correlations

Mutual Funds . USA . 
Fund . The Hartford Midcap
HFMSX Fund  USD 33.16  0.25  0.76%   
The current 90-days correlation between Hartford Midcap and The Hartford Growth is 0.01 (i.e., Significant diversification). The correlation of Hartford Midcap 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 Midcap Correlation With Market

Very poor diversification

The correlation between The Hartford Midcap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Midcap 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 Midcap. 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 state.

Moving together with Hartford Mutual Fund

  0.67HGOFX Hartford GrowthPairCorr
  0.67HGOIX Hartford GrowthPairCorr
  0.67HGORX Hartford GrowthPairCorr
  0.67HGOTX Hartford Growth OppoPairCorr
  0.67HGOAX Hartford GrowthPairCorr
  0.67HGOCX Hartford GrowthPairCorr
  0.69HGXAX Hartford Global ImpactPairCorr
  0.99HGXCX Hartford Global ImpactPairCorr
  0.99HGXFX Hartford Global ImpactPairCorr
  0.99HGXIX Hartford Global ImpactPairCorr
  0.99HGXRX Hartford Global ImpactPairCorr
  0.99HGXSX Hartford Global ImpactPairCorr
  0.99HGXTX Hartford Global ImpactPairCorr
  0.99HGXVX Hartford Global ImpactPairCorr
  0.99HGXYX Hartford Global ImpactPairCorr
  0.97HHHFX Hartford SchrodersPairCorr
  0.97HHHRX Hartford SchrodersPairCorr
  0.96HHHTX Hartford SchrodersPairCorr
  0.96HHHYX Hartford SchrodersPairCorr
  0.7HHMAX The Hartford MunicipalPairCorr
  0.7HHMCX The Hartford MunicipalPairCorr
  0.9HHMFX The Hartford MunicipalPairCorr
  0.9HHMIX The Hartford MunicipalPairCorr
  0.71HHMYX The Hartford MunicipalPairCorr
  0.61HIABX Hartford Total ReturnPairCorr
  0.96HIADX Hartford Dividend AndPairCorr
  0.95HIBSX Hartford Stock HlsPairCorr
  0.97HIAGX Hartford DisciplinedPairCorr
  0.7HIAOX Hartford InternationalPairCorr
  0.98HIASX Hartford Small PanyPairCorr
  0.97HIBCX Hartford Capital AppPairCorr
  1.0HIMCX Hartford Midcap HlsPairCorr
  0.73HILAX 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 Midcap 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 Midcap'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  0.77  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  0.77  0.42  0.42  10.91  0.00 
(0.99)
 2.46 
(0.91)
 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  0.77  0.42  0.42  11.22  0.00 
(0.99)
 2.45 
(0.92)
 5.43 
HGOCX  0.77  0.41  0.41  11.06  0.00 
(0.99)
 2.44 
(0.93)
 5.43 
HGXAX  0.54  0.19  0.08 (62.00) 0.32 
(0.68)
 1.34 
(0.99)
 3.60 

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