The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Small
IHSFX Fund  USD 22.62  0.15  0.66%   
The current 90-days correlation between Hartford Small and Auer Growth Fund is 0.65 (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

Very poor diversification

The correlation between The Hartford Small and DJI is 0.83 (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 Small 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 Small. 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

  0.69HGOFX Hartford GrowthPairCorr
  0.69HGOIX Hartford GrowthPairCorr
  0.69HGORX Hartford GrowthPairCorr
  0.69HGOTX Hartford Growth OppoPairCorr
  0.69HGOAX Hartford GrowthPairCorr
  0.69HGOCX Hartford GrowthPairCorr
  0.68HGXAX Hartford Global ImpactPairCorr
  0.97HGXCX Hartford Global ImpactPairCorr
  0.68HGXFX Hartford Global ImpactPairCorr
  0.68HGXIX Hartford Global ImpactPairCorr
  0.97HGXRX Hartford Global ImpactPairCorr
  0.97HGXSX Hartford Global ImpactPairCorr
  0.68HGXTX Hartford Global ImpactPairCorr
  0.68HGXVX Hartford Global ImpactPairCorr
  0.68HGXYX Hartford Global ImpactPairCorr
  0.97HHHTX Hartford SchrodersPairCorr
  0.97HHHYX Hartford SchrodersPairCorr
  0.71HHMAX The Hartford MunicipalPairCorr
  0.7HHMCX The Hartford MunicipalPairCorr
  0.9HHMFX The Hartford MunicipalPairCorr
  0.72HHMIX The Hartford MunicipalPairCorr
  0.73HHMYX The Hartford MunicipalPairCorr
  0.62HIACX Hartford Capital AppPairCorr
  0.98HIADX Hartford Dividend AndPairCorr
  0.95HIBSX Hartford Stock HlsPairCorr
  0.98HIAGX Hartford DisciplinedPairCorr
  0.72HIAOX Hartford InternationalPairCorr
  1.0HIASX Hartford Small PanyPairCorr
  0.98HIBCX Hartford Capital AppPairCorr
  0.98HIMCX Hartford Midcap HlsPairCorr
  0.76HILAX Hartford InternationalPairCorr

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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