The Hartford Correlations

HGHYX Fund

USD 48.38 0.00 0.00%

The current 90-days correlation between The Hartford Healthcare and The Hartford Healthcare is 0.19 (i.e., Average 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

Average diversification

The correlation between The Hartford Healthcare and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Healthcare 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 Healthcare. 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 manufacturing.

Moving together with The Mutual Fund

0.81	HIABX	Hartford Total Return	Pair Corr
1.0	HIAHX	Hartford Healthcare Hls	Pair Corr
0.77	HILAX	Hartford International	Pair Corr

Moving against The Mutual Fund

0.79	HGOFX	Hartford Growth	Pair Corr
0.79	HGOSX	Hartford Growth	Pair Corr
0.79	HGOTX	Hartford Growth Oppo	Pair Corr
0.79	HGOVX	Hartford Growth	Pair Corr
0.79	HGOYX	Hartford Growth	Pair Corr
0.79	HGOAX	Hartford Growth	Pair Corr
0.78	HGOCX	Hartford Growth	Pair Corr
0.77	HGOIX	Hartford Growth	Pair Corr
0.77	HGORX	Hartford Growth	Pair Corr
0.72	HIACX	Hartford Capital App	Pair Corr
0.73	HIMCX	Hartford Midcap Hls	Pair Corr
0.72	HIBCX	Hartford Capital App	Pair Corr
0.7	HIAGX	Hartford Disciplined	Pair Corr
0.7	SCUVX	Hartford Schroders Small	Pair Corr
0.68	HIASX	Hartford Small Pany	Pair Corr
0.67	HISCX	Hartford Small Cap	Pair Corr
0.59	HIADX	Hartford Dividend And	Pair Corr

Related Correlations Analysis

	HGHCX	HIAHX	HGHIX	HBGHX	HGHAX
HGHCX		0.98	1.0	0.97	1.0	HGHCX
HIAHX	0.98		0.97	1.0	0.97	HIAHX
HGHIX	1.0	0.97		0.97	1.0	HGHIX
HBGHX	0.97	1.0	0.97		0.97	HBGHX
HGHAX	1.0	0.97	1.0	0.97		HGHAX
	HGHCX	HIAHX	HGHIX	HBGHX	HGHAX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HGHCX	0.63	(0.20)	(0.21)	0.84	(1.35)	3.81
HIAHX	0.64	(0.14)	(0.78)	0.91	(1.34)	3.83
HGHIX	0.64	(0.19)	(0.20)	0.88	(1.34)	3.77
HBGHX	0.65	(0.14)	(0.81)	0.91	(1.35)	3.84
HGHAX	0.63	(0.19)	(0.21)	0.86	(1.34)	3.77

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