Hartford Environmental Correlations

HEOMX Fund

USD 18.51 0.18 0.96%

The current 90-days correlation between Hartford Environmental and Greenspring Fund Retail is -0.09 (i.e., Good diversification). The correlation of Hartford Environmental 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 Environmental Correlation With Market

Significant diversification

The correlation between Hartford Environmental Opportu and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Environmental Opportu 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 Environmental Opportunities. 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 board of governors.

Moving together with Hartford Mutual Fund

0.91	HGORX	Hartford Growth	Pair Corr
0.9	HGOSX	Hartford Growth	Pair Corr
0.88	HGOYX	Hartford Growth	Pair Corr
0.97	HGOAX	Hartford Growth	Pair Corr
0.7	HHHRX	Hartford Schroders	Pair Corr
0.86	HILSX	Hartford Interna	Pair Corr
0.9	SCUIX	Hartford Schroders Small	Pair Corr
0.8	HLDAX	Hartford Emerging	Pair Corr
0.71	SEMVX	Hartford Schroders	Pair Corr
0.81	HLDCX	Hartford Emerging	Pair Corr
0.79	HLDIX	Hartford Emerging	Pair Corr
0.8	HLDRX	Hartford Emerging	Pair Corr
0.77	HLDTX	Hartford Emerging	Pair Corr
0.94	HMDCX	Hartford Midcap	Pair Corr
0.95	HOOSX	Hartford Schroders Small	Pair Corr
0.87	SIDVX	Hartford Schroders	Pair Corr
0.78	ITHAX	Hartford Capital	Pair Corr
0.79	HRAAX	Hartford Growth Allo	Pair Corr
0.78	HAHIX	Hartford High	Pair Corr
0.69	HAIAX	Hartford E Equity	Pair Corr
0.73	HSDRX	Hartford Short	Pair Corr
0.95	HSMFX	Hartford Small Cap	Pair Corr
0.9	HSMSX	Hartford Small Cap	Pair Corr
0.85	HBAIX	Hartford Moderate	Pair Corr
0.91	SMDIX	Hartford Schroders	Pair Corr
0.91	SMDRX	Hartford Schroders	Pair Corr
0.86	HBLRX	Hartford Balanced	Pair Corr

Moving against Hartford Mutual Fund

0.59

HIPAX

The Hartford Inflation

Pair Corr

Related Correlations Analysis

	GRSPX	RIPNX	LGDX	SWRLX	SIIEX	TQGEX	JHI	TSCPX	FLBDX	BIPSX
GRSPX		0.06	0.77	0.84	0.86	0.84	0.61	0.86	0.53	0.65	GRSPX
RIPNX	0.06		0.35	-0.21	-0.21	0.0	0.16	-0.05	-0.27	-0.45	RIPNX
LGDX	0.77	0.35		0.65	0.68	0.85	0.48	0.76	0.58	0.51	LGDX
SWRLX	0.84	-0.21	0.65		0.98	0.9	0.48	0.93	0.62	0.82	SWRLX
SIIEX	0.86	-0.21	0.68	0.98		0.91	0.49	0.94	0.67	0.84	SIIEX
TQGEX	0.84	0.0	0.85	0.9	0.91		0.47	0.97	0.64	0.74	TQGEX
JHI	0.61	0.16	0.48	0.48	0.49	0.47		0.46	0.12	0.41	JHI
TSCPX	0.86	-0.05	0.76	0.93	0.94	0.97	0.46		0.65	0.76	TSCPX
FLBDX	0.53	-0.27	0.58	0.62	0.67	0.64	0.12	0.65		0.77	FLBDX
BIPSX	0.65	-0.45	0.51	0.82	0.84	0.74	0.41	0.76	0.77		BIPSX
	GRSPX	RIPNX	LGDX	SWRLX	SIIEX	TQGEX	JHI	TSCPX	FLBDX	BIPSX

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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

SIIEX	+ 0.98	SWRLX
TSCPX	+ 0.97	TQGEX
TSCPX	+ 0.94	SIIEX
TSCPX	+ 0.93	SWRLX
TQGEX	+ 0.91	SIIEX
TQGEX	+ 0.9	SWRLX

High negative correlations

BIPSX	- 0.45	RIPNX
FLBDX	- 0.27	RIPNX
SIIEX	- 0.21	RIPNX
SWRLX	- 0.21	RIPNX
TSCPX	- 0.05	RIPNX
TQGEX	- 0.0	RIPNX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Environmental 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 Environmental'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GRSPX	0.91	0.05	0.04	0.12	0.98	(0.99)	1.67	(1.91)	10.11
RIPNX	0.48	(0.09)	0.00	(0.12)	0.00	0.00	1.05	(1.22)	2.28
LGDX	0.61	(0.04)	(0.05)	0.03	0.91	(0.58)	1.16	(1.32)	3.41
SWRLX	0.67	0.15	0.09	0.83	0.76	(0.70)	1.34	(1.25)	7.79
SIIEX	0.69	0.09	0.08	0.17	0.78	(0.74)	1.32	(1.27)	8.13
TQGEX	0.56	0.04	0.02	0.12	0.71	(0.58)	1.16	(1.04)	3.03
JHI	0.37	0.00	(0.14)	(0.08)	0.48	(0.42)	0.88	(0.68)	2.84
TSCPX	1.02	0.14	0.11	0.20	1.12	(1.17)	2.28	(1.90)	7.91
FLBDX	0.11	0.00	(0.37)	0.02	0.09	(0.13)	0.21	(0.21)	0.72
BIPSX	1.73	0.46	0.18	(6.50)	1.59	(1.90)	4.38	(2.95)	10.98

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