The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford International
IHOSX Fund  USD 22.16  0.14  0.63%   
The current 90-days correlation between Hartford Interna and Janus Triton Fund is 0.71 (i.e., Poor 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

Poor diversification

The correlation between The Hartford International and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford International 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 International. 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 The Mutual Fund

  0.96HGOFX Hartford GrowthPairCorr
  0.96HGOIX Hartford GrowthPairCorr
  0.96HGORX Hartford GrowthPairCorr
  0.96HGOSX Hartford GrowthPairCorr
  0.96HGOTX Hartford Growth OppoPairCorr
  0.96HGOVX Hartford GrowthPairCorr
  0.96HGOYX Hartford GrowthPairCorr
  0.96HGOAX Hartford GrowthPairCorr
  0.96HGOCX Hartford GrowthPairCorr
  0.98HGXAX Hartford Global ImpactPairCorr
  0.98HGXCX Hartford Global ImpactPairCorr
  0.98HGXFX Hartford Global ImpactPairCorr
  0.98HGXIX Hartford Global ImpactPairCorr
  0.98HGXRX Hartford Global ImpactPairCorr
  0.98HGXSX Hartford Global ImpactPairCorr
  0.98HGXTX Hartford Global ImpactPairCorr
  0.98HGXVX Hartford Global ImpactPairCorr
  0.98HGXYX 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
  0.87HHMCX The Hartford MunicipalPairCorr
  0.91HHMFX The Hartford MunicipalPairCorr
  0.91HHMIX The Hartford MunicipalPairCorr
  0.91HHMYX The Hartford MunicipalPairCorr
  0.65HIABX Hartford Total ReturnPairCorr
  0.96HIACX Hartford Capital AppPairCorr
  0.96HIADX Hartford Dividend AndPairCorr
  0.95HIBSX Hartford Stock HlsPairCorr
  0.96HIAGX Hartford DisciplinedPairCorr
  1.0HIAOX Hartford InternationalPairCorr
  0.97HIASX Hartford Small PanyPairCorr
  0.96HIBCX Hartford Capital AppPairCorr
  0.97HIMCX Hartford Midcap HlsPairCorr
  0.99HILAX 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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