Hartford Global Correlations
| HGXRX Fund | USD 16.45 0.14 0.84% |
The current 90-days correlation between Hartford Global Impact and Virtus Seix Government is 0.02 (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
Almost no diversification
The correlation between Hartford Global Impact and DJI is 0.92 (i.e., Almost no 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.
Hartford |
Moving together with Hartford Mutual Fund
| 0.98 | HGXAX | Hartford Global Impact | PairCorr |
| 0.63 | HGXCX | Hartford Global Impact | PairCorr |
| 1.0 | HGXFX | Hartford Global Impact | PairCorr |
| 0.67 | HGXIX | Hartford Global Impact | PairCorr |
| 0.67 | HGXSX | Hartford Global Impact | PairCorr |
| 0.67 | HGXTX | Hartford Global Impact | PairCorr |
| 0.67 | HGXVX | Hartford Global Impact | PairCorr |
| 0.67 | HGXYX | Hartford Global Impact | PairCorr |
| 0.98 | HHHYX | Hartford Schroders | PairCorr |
| 0.98 | HIADX | Hartford Dividend And | PairCorr |
| 0.96 | HIBSX | Hartford Stock Hls | PairCorr |
| 0.62 | HIAOX | Hartford International | PairCorr |
| 0.99 | HIMCX | Hartford Midcap Hls | PairCorr |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSAGX | 0.06 | 0.00 | (2.18) | 0.00 | 0.00 | 0.10 | 0.61 | |||
| PBMXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| DPIGX | 0.09 | 0.00 | (1.49) | 0.15 | 0.07 | 0.21 | 0.53 | |||
| RBEXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| UGSDX | 0.03 | 0.00 | 0.00 | 0.34 | 0.00 | 0.00 | 0.52 | |||
| SIGVX | 0.05 | 0.00 | (2.08) | 3.18 | 0.00 | 0.10 | 0.61 | |||
| ELMXX | 0.03 | 0.01 | 0.00 | (3.32) | 0.00 | 0.00 | 1.01 | |||
| PYUSX | 0.14 | 0.00 | (1.15) | 0.06 | 0.13 | 0.32 | 0.75 |