The Hartford Correlations

Mutual Funds USA . 
Fund . The Hartford Equity
HQIAX Fund  USD 21.17  0.06  0.28%   
The current 90-days correlation between Hartford Equity and The Hartford Dividend is 0.94 (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

Good diversification

The correlation between The Hartford Equity and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Equity 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 Equity. 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 nation.

Moving together with The Mutual Fund

  0.96HGOFX Hartford GrowthPairCorr
  0.97HGOIX Hartford GrowthPairCorr
  0.97HGORX Hartford GrowthPairCorr
  0.96HGOSX Hartford GrowthPairCorr
  0.96HGOTX Hartford Growth OppoPairCorr
  0.96HGOVX Hartford GrowthPairCorr
  0.96HGOYX Hartford GrowthPairCorr
  0.97HGOAX Hartford GrowthPairCorr
  0.97HGOCX Hartford GrowthPairCorr
  0.94HGXAX Hartford Global ImpactPairCorr
  0.93HGXCX Hartford Global ImpactPairCorr
  0.94HGXFX Hartford Global ImpactPairCorr
  0.94HGXIX Hartford Global ImpactPairCorr
  0.94HGXRX Hartford Global ImpactPairCorr
  0.94HGXSX Hartford Global ImpactPairCorr
  0.94HGXTX Hartford Global ImpactPairCorr
  0.94HGXVX Hartford Global ImpactPairCorr
  0.94HGXYX Hartford Global ImpactPairCorr
  0.95HHHCX Hartford SchrodersPairCorr
  0.95HHHFX Hartford SchrodersPairCorr
  0.95HHHRX Hartford SchrodersPairCorr
  0.95HHHSX Hartford SchrodersPairCorr
  0.95HHHTX Hartford SchrodersPairCorr
  0.95HHHYX Hartford SchrodersPairCorr
  0.9HHMAX The Hartford MunicipalPairCorr
  0.87HHMCX The Hartford MunicipalPairCorr
  0.91HHMFX The Hartford MunicipalPairCorr
  0.92HHMIX The Hartford MunicipalPairCorr
  0.91HHMYX The Hartford MunicipalPairCorr
  0.77HIABX Hartford Total ReturnPairCorr
  0.96HIACX Hartford Capital AppPairCorr
  0.96HIADX Hartford Dividend AndPairCorr
  0.91HIBSX Hartford Stock HlsPairCorr
  0.96HIAGX Hartford DisciplinedPairCorr
  0.92HIAOX Hartford InternationalPairCorr
  0.94HIASX Hartford Small PanyPairCorr
  0.96HIBCX Hartford Capital AppPairCorr
  0.94HIMCX Hartford Midcap HlsPairCorr
  0.96HILAX Hartford InternationalPairCorr

Related Correlations Analysis

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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.

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