Hartford Growth Correlations

Mutual Funds . USA . 
Fund . The Hartford Growth
HGOCX Fund  USD 61.80  0.23  0.37%   
The current 90-days correlation between Hartford Growth and Intermediate Term Tax Free Bond is 0.63 (i.e., Poor diversification). The correlation of Hartford Growth 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 Growth Correlation With Market

Very good diversification

The correlation between The Hartford Growth and DJI is -0.33 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Growth 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 Growth. 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

  0.98HGOFX Hartford GrowthPairCorr
  1.0HGOIX Hartford GrowthPairCorr
  0.98HGOTX Hartford Growth OppoPairCorr
  0.98HGOVX Hartford GrowthPairCorr
  0.98HGOYX Hartford GrowthPairCorr
  1.0HGOAX Hartford GrowthPairCorr
  0.96HGXVX Hartford Global ImpactPairCorr
  0.96HGXYX Hartford Global ImpactPairCorr
  0.97HHHRX Hartford SchrodersPairCorr
  0.65HHMAX The Hartford MunicipalPairCorr
  0.64HHMCX The Hartford MunicipalPairCorr
  0.88HHMFX The Hartford MunicipalPairCorr
  0.7HHMIX The Hartford MunicipalPairCorr
  0.69HHMYX The Hartford MunicipalPairCorr
  0.68HIABX Hartford Total ReturnPairCorr
  0.97HIAGX Hartford DisciplinedPairCorr
  0.95HIAOX Hartford InternationalPairCorr
  0.96HILCX Hartford InternaPairCorr
  0.96HILIX Hartford InternaPairCorr
  0.96HILTX Hartford InternationalPairCorr
  0.76HIPAX The Hartford InflationPairCorr
  0.76HIPIX The Hartford InflationPairCorr
  0.96SCUVX Hartford Schroders SmallPairCorr
  0.92SCURX Hartford Schroders SmallPairCorr
  0.92SCUIX Hartford Schroders SmallPairCorr
  0.97SEMNX Hartford SchrodersPairCorr
  0.94HLDAX Hartford EmergingPairCorr
  0.98SEMVX Hartford SchrodersPairCorr
  0.95HLDCX Hartford EmergingPairCorr
  0.95HLDIX Hartford EmergingPairCorr
  0.95HLDRX Hartford EmergingPairCorr
  0.95HLDSX Hartford EmergingPairCorr
  0.95HLDTX Hartford EmergingPairCorr
  0.99HMDCX Hartford MidcapPairCorr
  0.96HMDFX Hartford MidcapPairCorr
  0.99HMDYX Hartford MidcapPairCorr
  0.77HMKCX Hartford Municipal IncomePairCorr
  0.98HMVAX Hartford Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Growth 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 Growth'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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