The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Total
ITBAX Fund  USD 9.21  0.03  0.33%   
The current 90-days correlation between Hartford Total and Advent Claymore Convertible is 0.11 (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

Significant diversification

The correlation between The Hartford Total and DJI is 0.07 (i.e., Significant 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 nation.

Moving together with The Mutual Fund

  0.83HGOFX Hartford GrowthPairCorr
  0.83HGOIX Hartford GrowthPairCorr
  0.82HGORX Hartford GrowthPairCorr
  0.83HGOSX Hartford GrowthPairCorr
  0.83HGOTX Hartford Growth OppoPairCorr
  0.83HGOVX Hartford GrowthPairCorr
  0.83HGOYX Hartford GrowthPairCorr
  0.83HGOAX Hartford GrowthPairCorr
  0.82HGOCX Hartford GrowthPairCorr
  0.84HGXAX Hartford Global ImpactPairCorr
  0.83HGXCX Hartford Global ImpactPairCorr
  0.85HGXFX Hartford Global ImpactPairCorr
  0.85HGXIX Hartford Global ImpactPairCorr
  0.85HGXRX Hartford Global ImpactPairCorr
  0.84HGXSX Hartford Global ImpactPairCorr
  0.85HGXTX Hartford Global ImpactPairCorr
  0.85HGXVX Hartford Global ImpactPairCorr
  0.85HGXYX Hartford Global ImpactPairCorr
  0.85HHHCX Hartford SchrodersPairCorr
  0.85HHHFX Hartford SchrodersPairCorr
  0.85HHHRX Hartford SchrodersPairCorr
  0.85HHHSX Hartford SchrodersPairCorr
  0.85HHHTX Hartford SchrodersPairCorr
  0.84HHHYX Hartford SchrodersPairCorr
  0.93HHMAX The Hartford MunicipalPairCorr
  0.91HHMCX The Hartford MunicipalPairCorr
  0.94HHMFX The Hartford MunicipalPairCorr
  0.93HHMIX The Hartford MunicipalPairCorr
  0.93HHMYX The Hartford MunicipalPairCorr
  0.95HIABX Hartford Total ReturnPairCorr
  0.86HIAGX Hartford DisciplinedPairCorr
  0.72HIAOX Hartford InternationalPairCorr
  0.73HIASX Hartford Small PanyPairCorr
  0.84HIBCX Hartford Capital AppPairCorr
  0.85HILAX Hartford InternaPairCorr

Moving against The Mutual Fund

  0.31HIMCX Hartford Midcap HlsPairCorr

Related Correlations Analysis


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.

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