The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Total
ITBFX Fund  USD 9.05  0.03  0.33%   
The current 90-days correlation between Hartford Total and The Hartford Growth is -0.29 (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

Good diversification

The correlation between The Hartford Total and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Total 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 Total. 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 census.

Moving together with The Mutual Fund

  0.68HHMAX The Hartford MunicipalPairCorr
  0.76HHMCX The Hartford MunicipalPairCorr
  0.64HHMIX The Hartford MunicipalPairCorr
  1.0HIABX Hartford Total ReturnPairCorr
  0.82HIAHX Hartford Healthcare HlsPairCorr
  0.68HILAX Hartford InternaPairCorr

Moving against The Mutual Fund

  0.81HGOFX Hartford GrowthPairCorr
  0.81HGOIX Hartford GrowthPairCorr
  0.81HGORX Hartford GrowthPairCorr
  0.81HGOSX Hartford GrowthPairCorr
  0.81HGOTX Hartford Growth OppoPairCorr
  0.81HGOVX Hartford GrowthPairCorr
  0.81HGOYX Hartford GrowthPairCorr
  0.81HGOAX Hartford GrowthPairCorr
  0.81HGOCX Hartford GrowthPairCorr
  0.73HIACX Hartford Capital AppPairCorr
  0.73HIAGX Hartford DisciplinedPairCorr
  0.65HIADX Hartford Dividend AndPairCorr
  0.73HIBCX Hartford Capital AppPairCorr
  0.63HIMCX Hartford Midcap HlsPairCorr
  0.61HIASX Hartford Small PanyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HGOFX  0.79  0.05  0.03  0.18  1.14 
(0.76)
 1.70 
(2.30)
 5.60 
HGOIX  0.79  0.05  0.03  0.18  1.14 
(0.75)
 1.71 
(2.30)
 5.59 
HGORX  0.79  0.04  0.03  0.17  1.15 
(0.75)
 1.72 
(2.31)
 5.57 
HGOSX  0.80  0.05  0.03  0.17  1.15 
(0.75)
 1.73 
(2.29)
 5.59 
HGOTX  0.80  0.05  0.03  0.18  1.15 
(0.74)
 1.71 
(2.30)
 5.58 
HGOVX  0.80  0.05  0.03  0.18  1.15 
(0.76)
 1.72 
(2.31)
 5.58 
HGOYX  0.80  0.05  0.03  0.18  1.15 
(0.74)
 1.72 
(2.30)
 5.58 
HGOAX  0.80  0.05  0.03  0.17  1.15 
(0.75)
 1.72 
(2.31)
 5.60 
HGOCX  0.79  0.04  0.02  0.17  1.15 
(0.75)
 1.71 
(2.32)
 5.61 
HGXAX  0.58 (0.06)(0.13) 0.04  0.73 
(0.59)
 0.94 
(1.05)
 2.82 

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