The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Capital
ITHIX Fund  USD 44.40  0.05  0.11%   
The current 90-days correlation between Hartford Capital and The Hartford Healthcare is -0.1 (i.e., 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

Almost no diversification

The correlation between The Hartford Capital and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Capital 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 Capital. 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 gross domestic product.

Moving together with The Mutual Fund

  1.0HGOFX Hartford GrowthPairCorr
  1.0HGOIX Hartford GrowthPairCorr
  1.0HGORX Hartford GrowthPairCorr
  1.0HGOSX Hartford GrowthPairCorr
  1.0HGOTX Hartford Growth OppoPairCorr
  1.0HGOVX Hartford GrowthPairCorr
  1.0HGOYX Hartford GrowthPairCorr
  1.0HGOAX Hartford GrowthPairCorr
  1.0HGOCX Hartford GrowthPairCorr
  0.97HGXAX Hartford Global ImpactPairCorr
  0.97HGXCX Hartford Global ImpactPairCorr
  0.97HGXFX Hartford Global ImpactPairCorr
  0.97HGXIX Hartford Global ImpactPairCorr
  0.97HGXRX Hartford Global ImpactPairCorr
  0.97HGXSX Hartford Global ImpactPairCorr
  0.97HGXTX Hartford Global ImpactPairCorr
  0.97HGXVX Hartford Global ImpactPairCorr
  0.97HGXYX Hartford Global ImpactPairCorr
  0.98HHHCX Hartford SchrodersPairCorr
  0.98HHHFX Hartford SchrodersPairCorr
  0.98HHHRX Hartford SchrodersPairCorr
  0.98HHHSX Hartford SchrodersPairCorr
  0.98HHHTX Hartford SchrodersPairCorr
  0.98HHHYX Hartford SchrodersPairCorr
  0.9HHMAX The Hartford MunicipalPairCorr
  0.87HHMCX The Hartford MunicipalPairCorr
  0.91HHMFX The Hartford MunicipalPairCorr
  0.91HHMIX The Hartford MunicipalPairCorr
  0.91HHMYX The Hartford MunicipalPairCorr
  0.69HIABX Hartford Total ReturnPairCorr
  1.0HIACX Hartford Capital AppPairCorr
  0.99HIADX Hartford Dividend AndPairCorr
  0.96HIBSX Hartford Stock HlsPairCorr
  1.0HIAGX Hartford DisciplinedPairCorr
  0.96HIAOX Hartford InternationalPairCorr
  0.98HIASX Hartford Small PanyPairCorr
  1.0HIBCX Hartford Capital AppPairCorr
  0.97HIMCX Hartford Midcap HlsPairCorr
  0.97HILAX Hartford InternationalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
ECHSX
+ 0.97
VGHCX
VGHCX
+ 0.94
HGHYX
VGHCX
+ 0.94
LYFAX
LYFAX
+ 0.93
HGHYX
ECHSX
+ 0.93
HGHYX
ECHSX
+ 0.93
LYFAX
  
High negative correlations   
HHCZX
- 0.08
HGHYX

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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