Hartford Global Correlations

Mutual Funds USA . 
Fund . Hartford Global Impact
HGXIX Fund  USD 16.64  0.07  0.42%   
The current 90-days correlation between Hartford Global Impact and Barings Global Floating is 0.19 (i.e., Average 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

Very poor diversification

The correlation between Hartford Global Impact and DJI is 0.84 (i.e., Very 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 gross domestic product.

Moving together with Hartford Mutual Fund

  0.97HGOFX Hartford GrowthPairCorr
  0.94HGOIX Hartford GrowthPairCorr
  0.94HGORX Hartford GrowthPairCorr
  0.97HGOSX Hartford GrowthPairCorr
  0.97HGOTX Hartford Growth OppoPairCorr
  0.97HGOVX Hartford GrowthPairCorr
  0.97HGOYX Hartford GrowthPairCorr
  0.94HGOAX Hartford GrowthPairCorr
  0.94HGOCX Hartford GrowthPairCorr
  0.98HGXAX Hartford Global ImpactPairCorr
  1.0HGXCX Hartford Global ImpactPairCorr
  1.0HGXFX Hartford Global ImpactPairCorr
  1.0HGXRX Hartford Global ImpactPairCorr
  1.0HGXSX Hartford Global ImpactPairCorr
  1.0HGXTX Hartford Global ImpactPairCorr
  1.0HGXVX Hartford Global ImpactPairCorr
  1.0HGXYX Hartford Global ImpactPairCorr
  0.97HHHCX Hartford SchrodersPairCorr
  0.97HHHFX Hartford SchrodersPairCorr
  0.97HHHRX Hartford SchrodersPairCorr
  0.97HHHSX Hartford SchrodersPairCorr
  0.97HHHTX Hartford SchrodersPairCorr
  0.97HHHYX Hartford SchrodersPairCorr
  0.9HHMAX The Hartford MunicipalPairCorr
  0.89HHMCX The Hartford MunicipalPairCorr
  0.9HHMFX The Hartford MunicipalPairCorr
  0.9HHMIX The Hartford MunicipalPairCorr
  0.9HHMYX The Hartford MunicipalPairCorr
  0.65HIABX Hartford Total ReturnPairCorr
  0.97HIACX Hartford Capital AppPairCorr
  0.97HIADX Hartford Dividend AndPairCorr
  0.96HIBSX Hartford Stock HlsPairCorr
  0.97HIAGX Hartford DisciplinedPairCorr
  0.98HIAOX Hartford InternationalPairCorr
  0.98HIASX Hartford Small PanyPairCorr
  0.97HIBCX Hartford Capital AppPairCorr
  0.97HIMCX Hartford Midcap HlsPairCorr
  0.95HILAX Hartford InternationalPairCorr

Moving against Hartford Mutual Fund

  0.32HIAHX Hartford Healthcare HlsPairCorr

Related Correlations Analysis

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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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