The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Small
IHSUX Fund  USD 27.97  0.18  0.64%   
The current 90-days correlation between Hartford Small and International Investors Gold is -0.42 (i.e., Very good 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 employment.

Moving together with The Mutual Fund

  0.61HGOFX Hartford GrowthPairCorr
  0.61HGOIX Hartford GrowthPairCorr
  0.61HGORX Hartford GrowthPairCorr
  0.61HGOSX Hartford GrowthPairCorr
  0.61HGOTX Hartford Growth OppoPairCorr
  0.61HGOVX Hartford GrowthPairCorr
  0.61HGOYX Hartford GrowthPairCorr
  0.61HGOAX Hartford GrowthPairCorr
  0.69HGOCX Hartford GrowthPairCorr
  0.75HGXAX Hartford Global ImpactPairCorr
  0.95HGXCX Hartford Global ImpactPairCorr
  0.96HGXRX Hartford Global ImpactPairCorr
  0.96HGXSX Hartford Global ImpactPairCorr
  0.96HGXTX Hartford Global ImpactPairCorr
  0.96HGXVX Hartford Global ImpactPairCorr
  0.69HHHCX Hartford SchrodersPairCorr
  0.97HHHFX Hartford SchrodersPairCorr
  0.97HHHRX Hartford SchrodersPairCorr
  0.69HHHSX Hartford SchrodersPairCorr
  0.97HHHTX Hartford SchrodersPairCorr
  0.97HHHYX Hartford SchrodersPairCorr
  0.75HHMAX The Hartford MunicipalPairCorr
  0.74HHMCX The Hartford MunicipalPairCorr
  0.9HHMFX The Hartford MunicipalPairCorr
  0.77HHMYX The Hartford MunicipalPairCorr
  0.68HIABX Hartford Total ReturnPairCorr
  0.71HIACX Hartford Capital AppPairCorr
  0.98HIADX Hartford Dividend AndPairCorr
  0.95HIBSX Hartford Stock HlsPairCorr
  0.98HIAGX Hartford DisciplinedPairCorr
  0.78HIAOX Hartford InternationalPairCorr
  1.0HIASX Hartford Small PanyPairCorr
  0.98HIBCX Hartford Capital AppPairCorr
  0.96HIMCX Hartford Midcap HlsPairCorr
  0.69HILAX Hartford InternationalPairCorr
  0.97HILDX Hartford InternaPairCorr
  0.97HILCX Hartford InternaPairCorr
  0.76HILIX Hartford InternaPairCorr
  0.96HILRX Hartford InternaPairCorr

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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