Hartford Strategic Correlations

Mutual Funds . USA . 
Fund . The Hartford Strategic
HSNFX Fund  USD 7.92  0.02  0.25%   
The current 90-days correlation between The Hartford Strategic and The Hartford Growth is 0.36 (i.e., Weak diversification). The correlation of Hartford Strategic 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 Strategic Correlation With Market

Weak diversification

The correlation between The Hartford Strategic and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Strategic 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 Strategic. 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 Hartford Mutual Fund

  0.94HGOFX Hartford GrowthPairCorr
  0.94HGOIX Hartford GrowthPairCorr
  0.93HGORX Hartford GrowthPairCorr
  0.94HGOSX Hartford GrowthPairCorr
  0.94HGOTX Hartford Growth OppoPairCorr
  0.94HGOVX Hartford GrowthPairCorr
  0.94HGOYX Hartford GrowthPairCorr
  0.93HGOAX Hartford GrowthPairCorr
  0.93HGOCX Hartford GrowthPairCorr
  0.88HGXAX Hartford Global ImpactPairCorr
  0.87HGXCX Hartford Global ImpactPairCorr
  0.88HGXFX Hartford Global ImpactPairCorr
  0.88HGXIX Hartford Global ImpactPairCorr
  0.87HGXRX Hartford Global ImpactPairCorr
  0.88HGXSX Hartford Global ImpactPairCorr
  0.88HGXTX Hartford Global ImpactPairCorr
  0.88HGXVX Hartford Global ImpactPairCorr
  0.88HGXYX Hartford Global ImpactPairCorr
  0.93HHHCX Hartford SchrodersPairCorr
  0.93HHHFX Hartford SchrodersPairCorr
  0.93HHHRX Hartford SchrodersPairCorr
  0.93HHHSX Hartford SchrodersPairCorr
  0.93HHHTX Hartford SchrodersPairCorr
  0.93HHHYX Hartford SchrodersPairCorr
  0.91HHMAX The Hartford MunicipalPairCorr
  0.88HHMCX The Hartford MunicipalPairCorr
  0.92HHMFX The Hartford MunicipalPairCorr
  0.92HHMIX The Hartford MunicipalPairCorr
  0.92HHMYX The Hartford MunicipalPairCorr
  0.86HIABX Hartford Total ReturnPairCorr
  0.94HIACX Hartford Capital AppPairCorr
  0.94HIADX Hartford Dividend AndPairCorr
  0.85HIBSX Hartford Stock HlsPairCorr
  0.94HIAGX Hartford DisciplinedPairCorr
  0.91HIAOX Hartford InternationalPairCorr
  0.92HIASX Hartford Small PanyPairCorr
  0.94HIBCX Hartford Capital AppPairCorr
  0.88HIMCX Hartford Midcap HlsPairCorr
  0.94HILAX 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 Strategic 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 Strategic'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 

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
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY