Hartford Small Correlations

Mutual Funds . USA . 
Fund . Hartford Small Pany
HIASX Fund  USD 17.61  0.11  0.62%   
The current 90-days correlation between Hartford Small Pany and The Hartford Growth is 0.81 (i.e., Very poor diversification). The correlation of Hartford Small 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 Small Correlation With Market

Very poor diversification

The correlation between Hartford Small Pany 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 Small Pany 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 Small Pany. 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 state.

Moving together with Hartford Mutual Fund

  0.98HGOFX Hartford GrowthPairCorr
  0.96HGOIX Hartford GrowthPairCorr
  0.96HGORX Hartford GrowthPairCorr
  0.98HGOSX Hartford GrowthPairCorr
  0.98HGOTX Hartford Growth OppoPairCorr
  0.98HGOVX Hartford GrowthPairCorr
  0.98HGOYX Hartford GrowthPairCorr
  0.96HGOAX Hartford GrowthPairCorr
  0.96HGOCX Hartford GrowthPairCorr
  0.96HGXAX Hartford Global ImpactPairCorr
  0.95HGXCX Hartford Global ImpactPairCorr
  0.96HGXFX Hartford Global ImpactPairCorr
  0.96HGXIX Hartford Global ImpactPairCorr
  0.95HGXRX Hartford Global ImpactPairCorr
  0.96HGXSX Hartford Global ImpactPairCorr
  0.96HGXTX Hartford Global ImpactPairCorr
  0.96HGXVX Hartford Global ImpactPairCorr
  0.96HGXYX 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
  0.89HHMAX The Hartford MunicipalPairCorr
  0.86HHMCX The Hartford MunicipalPairCorr
  0.9HHMFX The Hartford MunicipalPairCorr
  0.9HHMIX The Hartford MunicipalPairCorr
  0.9HHMYX The Hartford MunicipalPairCorr
  0.69HIABX Hartford Total ReturnPairCorr
  0.98HIACX Hartford Capital AppPairCorr
  0.98HIADX Hartford Dividend AndPairCorr
  0.95HIBSX Hartford Stock HlsPairCorr
  0.98HIAGX Hartford DisciplinedPairCorr
  0.97HIAOX Hartford InternationalPairCorr
  0.98HIBCX Hartford Capital AppPairCorr
  0.96HIMCX Hartford Midcap HlsPairCorr
  0.96HILAX 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 Small 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 Small'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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