Hartford Balanced Correlations

Mutual Funds . USA . 
Fund . The Hartford Balanced
ITTSX Fund  USD 19.95  0.04  0.20%   
The current 90-days correlation between Hartford Balanced and The Hartford Growth is 0.71 (i.e., Poor diversification). The correlation of Hartford Balanced 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.

Hartford Balanced Correlation With Market

Poor diversification

The correlation between The Hartford Balanced and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Balanced 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 Balanced. 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 Hartford Mutual Fund

  0.98HGOFX Hartford GrowthPairCorr
  0.97HGOIX Hartford GrowthPairCorr
  0.97HGORX Hartford GrowthPairCorr
  0.98HGOSX Hartford GrowthPairCorr
  0.98HGOTX Hartford Growth OppoPairCorr
  0.98HGOVX Hartford GrowthPairCorr
  0.98HGOYX Hartford GrowthPairCorr
  0.97HGOAX Hartford GrowthPairCorr
  0.97HGOCX Hartford GrowthPairCorr
  0.93HGXAX Hartford Global ImpactPairCorr
  0.93HGXCX Hartford Global ImpactPairCorr
  0.94HGXFX Hartford Global ImpactPairCorr
  0.94HGXIX Hartford Global ImpactPairCorr
  0.94HGXRX Hartford Global ImpactPairCorr
  0.94HGXSX Hartford Global ImpactPairCorr
  0.94HGXTX Hartford Global ImpactPairCorr
  0.94HGXVX Hartford Global ImpactPairCorr
  0.94HGXYX Hartford Global ImpactPairCorr
  0.97HHHCX Hartford SchrodersPairCorr
  0.98HHHFX Hartford SchrodersPairCorr
  0.97HHHRX Hartford SchrodersPairCorr
  0.97HHHSX Hartford SchrodersPairCorr
  0.97HHHTX Hartford SchrodersPairCorr
  0.97HHHYX Hartford SchrodersPairCorr
  0.9HHMAX The Hartford MunicipalPairCorr
  0.87HHMCX The Hartford MunicipalPairCorr
  0.93HHMFX The Hartford MunicipalPairCorr
  0.93HHMIX The Hartford MunicipalPairCorr
  0.93HHMYX The Hartford MunicipalPairCorr
  0.79HIABX Hartford Total ReturnPairCorr
  0.98HIACX Hartford Capital AppPairCorr
  0.98HIADX Hartford Dividend AndPairCorr
  0.92HIBSX Hartford Stock HlsPairCorr
  0.97HIAGX Hartford DisciplinedPairCorr
  0.96HIAOX Hartford InternationalPairCorr
  0.97HIASX Hartford Small PanyPairCorr
  0.98HIBCX Hartford Capital AppPairCorr
  0.94HIMCX Hartford Midcap HlsPairCorr
  0.97HILAX Hartford InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Balanced 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 Hartford Balanced'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HGOFX  0.82  0.20  0.19  0.34  0.62 
(0.96)
 2.46 
(1.43)
 5.44 
HGOIX  0.82  0.35  0.19 (2.85) 0.63 
(0.96)
 2.45 
(1.42)
 5.45 
HGORX  0.82  0.35  0.19 (2.82) 0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOSX  0.82  0.20  0.19  0.34  0.62 
(0.95)
 2.45 
(1.43)
 5.43 
HGOTX  0.82  0.20  0.19  0.34  0.62 
(0.95)
 2.46 
(1.44)
 5.43 
HGOVX  0.82  0.20  0.19  0.34  0.62 
(0.96)
 2.46 
(1.44)
 5.44 
HGOYX  0.82  0.20  0.19  0.34  0.62 
(0.96)
 2.45 
(1.42)
 5.42 
HGOAX  0.82  0.35  0.19 (2.82) 0.63 
(0.96)
 2.45 
(1.43)
 5.43 
HGOCX  0.82  0.35  0.19 (2.79) 0.64 
(0.96)
 2.44 
(1.43)
 5.43 
HGXAX  0.59  0.19  0.06 (3.02) 0.46 
(0.71)
 1.60 
(1.01)
 3.87 

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
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY