The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Small
IHSSX Fund  USD 25.21  0.16  0.63%   
The current 90-days correlation between Hartford Small and Ab Equity Income is 0.88 (i.e., Very 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 0.84 (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 state.

Moving together with The Mutual Fund

  0.61HGOFX Hartford GrowthPairCorr
  0.61HGOIX Hartford GrowthPairCorr
  0.61HGORX Hartford GrowthPairCorr
  0.61HGOSX Hartford GrowthPairCorr
  0.98HGOTX Hartford Growth OppoPairCorr
  0.61HGOVX Hartford GrowthPairCorr
  0.61HGOYX Hartford GrowthPairCorr
  0.61HGOAX Hartford GrowthPairCorr
  0.98HGOCX Hartford GrowthPairCorr
  0.75HGXAX Hartford Global ImpactPairCorr
  0.75HGXCX Hartford Global ImpactPairCorr
  0.75HGXFX Hartford Global ImpactPairCorr
  0.75HGXIX Hartford Global ImpactPairCorr
  0.96HGXRX Hartford Global ImpactPairCorr
  0.75HGXSX Hartford Global ImpactPairCorr
  0.75HGXTX Hartford Global ImpactPairCorr
  0.75HGXVX Hartford Global ImpactPairCorr
  0.75HGXYX Hartford Global ImpactPairCorr
  0.69HHHCX Hartford SchrodersPairCorr
  0.69HHHFX Hartford SchrodersPairCorr
  0.69HHHRX Hartford SchrodersPairCorr
  0.69HHHSX Hartford SchrodersPairCorr
  0.69HHHTX Hartford SchrodersPairCorr
  0.97HHHYX Hartford SchrodersPairCorr
  0.75HHMAX The Hartford MunicipalPairCorr
  0.74HHMCX The Hartford MunicipalPairCorr
  0.77HHMFX The Hartford MunicipalPairCorr
  0.77HHMIX The Hartford MunicipalPairCorr
  0.77HHMYX The Hartford MunicipalPairCorr
  0.71HIACX Hartford Capital AppPairCorr
  0.74HIADX Hartford Dividend AndPairCorr
  0.75HIBSX Hartford Stock HlsPairCorr
  0.71HIAGX Hartford DisciplinedPairCorr
  0.78HIAOX Hartford InternationalPairCorr
  0.75HIASX Hartford Small PanyPairCorr
  0.71HIBCX Hartford Capital AppPairCorr
  0.96HIMCX Hartford Midcap HlsPairCorr
  0.69HILAX 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.

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