The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Midcap
HMDFX Fund  USD 27.95  0.25  0.89%   
The current 90-days correlation between Hartford Midcap and Qs Moderate Growth is 0.92 (i.e., Almost no diversification). The correlation of The Hartford 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.

The Hartford Correlation With Market

Very poor diversification

The correlation between The Hartford Midcap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Midcap 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 Midcap. 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 census.

Moving together with The Mutual Fund

  0.97HGOFX Hartford GrowthPairCorr
  0.95HGOIX Hartford GrowthPairCorr
  0.95HGORX Hartford GrowthPairCorr
  0.97HGOSX Hartford GrowthPairCorr
  0.97HGOTX Hartford Growth OppoPairCorr
  0.97HGOVX Hartford GrowthPairCorr
  0.97HGOYX Hartford GrowthPairCorr
  0.95HGOAX Hartford GrowthPairCorr
  0.95HGOCX Hartford GrowthPairCorr
  0.97HGXAX Hartford Global ImpactPairCorr
  0.97HGXCX Hartford Global ImpactPairCorr
  0.99HGXFX Hartford Global ImpactPairCorr
  0.99HGXIX Hartford Global ImpactPairCorr
  0.99HGXRX Hartford Global ImpactPairCorr
  0.99HGXSX Hartford Global ImpactPairCorr
  0.99HGXTX Hartford Global ImpactPairCorr
  0.99HGXVX Hartford Global ImpactPairCorr
  0.99HGXYX Hartford Global ImpactPairCorr
  0.96HHHCX Hartford SchrodersPairCorr
  0.96HHHFX Hartford SchrodersPairCorr
  0.96HHHRX Hartford SchrodersPairCorr
  0.96HHHSX Hartford SchrodersPairCorr
  0.96HHHTX Hartford SchrodersPairCorr
  0.96HHHYX Hartford SchrodersPairCorr
  0.88HHMAX The Hartford MunicipalPairCorr
  0.86HHMCX The Hartford MunicipalPairCorr
  0.89HHMFX The Hartford MunicipalPairCorr
  0.89HHMIX The Hartford MunicipalPairCorr
  0.89HHMYX The Hartford MunicipalPairCorr
  0.97HIACX Hartford Capital AppPairCorr
  0.97HIADX Hartford Dividend AndPairCorr
  0.96HIBSX Hartford Stock HlsPairCorr
  0.95HIAGX Hartford DisciplinedPairCorr
  0.97HIAOX Hartford InternationalPairCorr
  0.98HIASX Hartford Small PanyPairCorr
  0.97HIBCX Hartford Capital AppPairCorr
  1.0HIMCX Hartford Midcap HlsPairCorr
  0.93HILAX Hartford InternationalPairCorr

Moving against The Mutual Fund

  0.32HIAHX Hartford Healthcare HlsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Hartford 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 The Hartford'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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