Hartford Total Correlations

Mutual Funds . USA . 
Fund . Hartford Total Return
HIABX Fund  USD 9.71  0.02  0.21%   
The current 90-days correlation between Hartford Total Return and The Hartford Growth is -0.02 (i.e., Good diversification). The correlation of Hartford Total 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 Total Correlation With Market

Good diversification

The correlation between Hartford Total Return and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Total Return 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 Total Return. 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 bureau of labor statistics.

Moving together with Hartford Mutual Fund

  0.7HGOFX Hartford GrowthPairCorr
  0.71HGOIX Hartford GrowthPairCorr
  0.71HGORX Hartford GrowthPairCorr
  0.7HGOSX Hartford GrowthPairCorr
  0.7HGOTX Hartford Growth OppoPairCorr
  0.7HGOVX Hartford GrowthPairCorr
  0.7HGOYX Hartford GrowthPairCorr
  0.71HGOAX Hartford GrowthPairCorr
  0.7HGOCX Hartford GrowthPairCorr
  0.64HGXAX Hartford Global ImpactPairCorr
  0.64HGXCX Hartford Global ImpactPairCorr
  0.64HGXFX Hartford Global ImpactPairCorr
  0.64HGXIX Hartford Global ImpactPairCorr
  0.64HGXRX Hartford Global ImpactPairCorr
  0.64HGXSX Hartford Global ImpactPairCorr
  0.64HGXTX Hartford Global ImpactPairCorr
  0.64HGXVX Hartford Global ImpactPairCorr
  0.64HGXYX Hartford Global ImpactPairCorr
  0.69HHHCX Hartford SchrodersPairCorr
  0.7HHHFX Hartford SchrodersPairCorr
  0.69HHHRX Hartford SchrodersPairCorr
  0.69HHHSX Hartford SchrodersPairCorr
  0.7HHHTX Hartford SchrodersPairCorr
  0.7HHHYX Hartford SchrodersPairCorr
  0.82HHMAX The Hartford MunicipalPairCorr
  0.8HHMCX The Hartford MunicipalPairCorr
  0.83HHMFX The Hartford MunicipalPairCorr
  0.83HHMIX The Hartford MunicipalPairCorr
  0.83HHMYX The Hartford MunicipalPairCorr
  0.7HIACX Hartford Capital AppPairCorr
  0.74HIADX Hartford Dividend AndPairCorr
  0.61HIBSX Hartford Stock HlsPairCorr
  0.71HIAGX Hartford DisciplinedPairCorr
  0.67HIAOX Hartford InternationalPairCorr
  0.69HIASX Hartford Small PanyPairCorr
  0.7HIBCX Hartford Capital AppPairCorr
  0.63HIMCX 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 Total 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 Total'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  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.43)
 5.44 
HGOIX  0.82  0.36  0.20 (2.88) 0.64 
(0.95)
 2.45 
(1.42)
 5.45 
HGORX  0.82  0.36  0.20 (2.85) 0.64 
(0.95)
 2.45 
(1.43)
 5.43 
HGOSX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOTX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.44)
 5.43 
HGOVX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.46 
(1.44)
 5.44 
HGOYX  0.82  0.21  0.20  0.34  0.63 
(0.96)
 2.45 
(1.42)
 5.42 
HGOAX  0.82  0.36  0.20 (2.85) 0.64 
(0.95)
 2.45 
(1.43)
 5.43 
HGOCX  0.82  0.36  0.20 (2.82) 0.65 
(0.95)
 2.44 
(1.43)
 5.43 
HGXAX  0.60  0.21  0.08 (2.88) 0.45 
(0.72)
 1.60 
(1.01)
 3.87 

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