Hartford Global Correlations

Mutual Funds . USA . 
Fund . Hartford Global Impact
HGXFX Fund  USD 16.76  0.14  0.84%   
The current 90-days correlation between Hartford Global Impact and Goldman Sachs Small is 0.05 (i.e., Significant diversification). The correlation of Hartford Global 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 Global Correlation With Market

Poor diversification

The correlation between Hartford Global Impact and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Global Impact 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 Global Impact. 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 census.

Moving together with Hartford Mutual Fund

  0.96HGOFX Hartford GrowthPairCorr
  0.76HGOIX Hartford GrowthPairCorr
  0.76HGORX Hartford GrowthPairCorr
  0.96HGOSX Hartford GrowthPairCorr
  0.96HGOTX Hartford Growth OppoPairCorr
  0.96HGOVX Hartford GrowthPairCorr
  0.96HGOYX Hartford GrowthPairCorr
  0.76HGOAX Hartford GrowthPairCorr
  0.76HGOCX Hartford GrowthPairCorr
  1.0HGXAX Hartford Global ImpactPairCorr
  1.0HGXCX Hartford Global ImpactPairCorr
  1.0HGXIX Hartford Global ImpactPairCorr
  0.68HGXRX Hartford Global ImpactPairCorr
  1.0HGXSX Hartford Global ImpactPairCorr
  1.0HGXTX Hartford Global ImpactPairCorr
  1.0HGXVX Hartford Global ImpactPairCorr
  1.0HGXYX Hartford Global ImpactPairCorr
  0.84HHHCX Hartford SchrodersPairCorr
  0.95HHHFX Hartford SchrodersPairCorr
  0.84HHHRX Hartford SchrodersPairCorr
  0.84HHHSX Hartford SchrodersPairCorr
  0.84HHHTX Hartford SchrodersPairCorr
  0.68HHHYX Hartford SchrodersPairCorr
  0.75HHMAX The Hartford MunicipalPairCorr
  0.71HHMCX The Hartford MunicipalPairCorr
  0.76HHMFX The Hartford MunicipalPairCorr
  0.76HHMIX The Hartford MunicipalPairCorr
  0.76HHMYX The Hartford MunicipalPairCorr
  0.84HIACX Hartford Capital AppPairCorr
  0.82HIADX Hartford Dividend AndPairCorr
  0.82HIBSX Hartford Stock HlsPairCorr
  0.84HIAGX Hartford DisciplinedPairCorr
  0.85HIAOX Hartford InternationalPairCorr
  0.82HIASX Hartford Small PanyPairCorr
  0.97HIBCX Hartford Capital AppPairCorr
  0.71HIMCX Hartford Midcap HlsPairCorr
  0.94HILAX 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 Global 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 Global'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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