Hartford Inflation Correlations

HIPIX Fund  USD 10.47  0.01  0.1%   
The current 90-days correlation between The Hartford Inflation and The Hartford Growth is -0.03 (i.e., Good diversification). The correlation of Hartford Inflation 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 Inflation Correlation With Market

Good diversification

The correlation between The Hartford Inflation and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Inflation 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 The Hartford Inflation. 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

  0.81HGOFX Hartford GrowthPairCorr
  0.81HGOIX Hartford GrowthPairCorr
  0.81HGORX Hartford GrowthPairCorr
  0.81HGOSX Hartford GrowthPairCorr
  0.81HGOTX Hartford Growth OppoPairCorr
  0.81HGOVX Hartford GrowthPairCorr
  0.81HGOYX Hartford GrowthPairCorr
  0.81HGOAX Hartford GrowthPairCorr
  0.81HGOCX Hartford GrowthPairCorr
  0.72HGXAX Hartford Global ImpactPairCorr
  0.72HGXCX Hartford Global ImpactPairCorr
  0.72HGXFX Hartford Global ImpactPairCorr
  0.72HGXIX Hartford Global ImpactPairCorr
  0.72HGXRX Hartford Global ImpactPairCorr
  0.72HGXSX Hartford Global ImpactPairCorr
  0.72HGXTX Hartford Global ImpactPairCorr
  0.72HGXVX Hartford Global ImpactPairCorr
  0.72HGXYX Hartford Global ImpactPairCorr
  0.78HHHCX Hartford SchrodersPairCorr
  0.79HHHFX Hartford SchrodersPairCorr
  0.78HHHRX Hartford SchrodersPairCorr
  0.78HHHSX Hartford SchrodersPairCorr
  0.79HHHTX Hartford SchrodersPairCorr
  0.79HHHYX Hartford SchrodersPairCorr
  0.83HHMAX The Hartford MunicipalPairCorr
  0.81HHMCX The Hartford MunicipalPairCorr
  0.83HHMFX The Hartford MunicipalPairCorr
  0.83HHMIX The Hartford MunicipalPairCorr
  0.83HHMYX The Hartford MunicipalPairCorr
  0.9HIABX Hartford Total ReturnPairCorr
  0.79HIACX Hartford Capital AppPairCorr
  0.8HIADX Hartford Dividend AndPairCorr
  0.67HIBSX Hartford Stock HlsPairCorr
  0.8HIAGX Hartford DisciplinedPairCorr
  0.75HIAOX Hartford InternationalPairCorr
  0.75HIASX Hartford Small PanyPairCorr
  0.79HIBCX Hartford Capital AppPairCorr
  0.71HIMCX Hartford Midcap HlsPairCorr
  0.8HILAX 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 Inflation 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 Inflation'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 
 2.46 
 5.44 
HGOIX  0.82  0.21  0.20  0.34  0.63 
 2.45 
 5.45 
HGORX  0.82  0.21  0.20  0.34  0.63 
 2.45 
 5.43 
HGOSX  0.82  0.21  0.20  0.34  0.63 
 2.45 
 5.43 
HGOTX  0.82  0.21  0.20  0.34  0.63 
 2.46 
 5.43 
HGOVX  0.82  0.21  0.20  0.34  0.63 
 2.46 
 5.44 
HGOYX  0.82  0.21  0.20  0.34  0.63 
 2.45 
 5.42 
HGOAX  0.82  0.21  0.20  0.34  0.63 
 2.45 
 5.43 
HGOCX  0.82  0.20  0.19  0.34  0.64 
 2.44 
 5.43 
HGXAX  0.59  0.09  0.06  0.26  0.46 
 1.60 
 3.87