Hartford E Correlations

Mutual Funds . USA . 
Fund . Hartford E Equity
HAITX Fund  USD 55.39  0.16  0.29%   
The current 90-days correlation between Hartford E Equity and The Hartford Growth is 0.08 (i.e., Significant diversification). The correlation of Hartford E 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 E Correlation With Market

Very weak diversification

The correlation between Hartford E Equity and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford E Equity 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 Hartford E Equity. 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 estimate.

Moving together with Hartford Mutual Fund

  0.68HGOFX Hartford GrowthPairCorr
  0.68HGOIX Hartford GrowthPairCorr
  0.68HGORX Hartford GrowthPairCorr
  0.69HGOSX Hartford GrowthPairCorr
  0.69HGOTX Hartford Growth OppoPairCorr
  0.69HGOVX Hartford GrowthPairCorr
  0.69HGOYX Hartford GrowthPairCorr
  0.68HGOAX Hartford GrowthPairCorr
  0.68HGOCX Hartford GrowthPairCorr
  0.76HIACX Hartford Capital AppPairCorr
  0.84HIADX Hartford Dividend AndPairCorr
  0.75HIAGX Hartford DisciplinedPairCorr
  0.76HIASX Hartford Small PanyPairCorr
  0.76HIBCX Hartford Capital AppPairCorr
  0.76HIMCX Hartford Midcap HlsPairCorr

Moving against Hartford Mutual Fund

  0.5HIABX Hartford Total ReturnPairCorr
  0.59HILAX Hartford InternationalPairCorr
  0.59HILCX Hartford InternationalPairCorr
  0.59HILRX Hartford InternationalPairCorr
  0.59HILSX Hartford InternationalPairCorr
  0.58HILDX Hartford InternationalPairCorr
  0.58HILIX 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 E 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 E'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  0.72  0.23  0.13  3.89  0.74 
(0.75)
 1.92 
(1.49)
 5.40 
HGOIX  0.72  0.23  0.13  3.89  0.74 
(0.75)
 1.91 
(1.48)
 5.41 
HGORX  0.72  0.23  0.12  3.71  0.75 
(0.75)
 1.92 
(1.48)
 5.41 
HGOSX  0.71  0.16  0.12  0.29  0.75 
(0.74)
 1.93 
(1.49)
 5.41 
HGOTX  0.71  0.16  0.12  0.29  0.75 
(0.72)
 1.93 
(1.48)
 5.40 
HGOVX  0.71  0.16  0.12  0.29  0.75 
(0.74)
 1.92 
(1.48)
 5.41 
HGOYX  0.72  0.16  0.12  0.29  0.75 
(0.72)
 1.93 
(1.49)
 5.41 
HGOAX  0.72  0.23  0.12  3.76  0.75 
(0.75)
 1.93 
(1.49)
 5.42 
HGOCX  0.72  0.23  0.12  3.82  0.75 
(0.75)
 1.92 
(1.50)
 5.42 
HGXAX  0.53 (0.03)(0.11) 0.03  0.59 
(0.54)
 0.94 
(0.95)
 2.82 

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