The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford High
HAHAX Fund  USD 7.02  0.01  0.14%   
The current 90-days correlation between Hartford High and Financials Ultrasector Profund is 0.15 (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 High and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford High 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 High. 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

  0.76HHMAX The Hartford MunicipalPairCorr
  0.66HHMCX The Hartford MunicipalPairCorr
  0.63HHMFX The Hartford MunicipalPairCorr
  0.62HHMIX The Hartford MunicipalPairCorr
  0.81HHMYX The Hartford MunicipalPairCorr
  0.71HIACX Hartford Capital AppPairCorr
  0.66HIAGX Hartford DisciplinedPairCorr
  0.65HIASX Hartford Small PanyPairCorr
  0.71HIBCX Hartford Capital AppPairCorr
  0.68HIMCX Hartford Midcap HlsPairCorr

Related Correlations Analysis

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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.

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