Hartford E Correlations

HAITX Fund

USD 50.48 0.61 1.19%

The current 90-days correlation between Hartford E Equity and Intermediate Term Bond Fund is -0.09 (i.e., Good diversification). The correlation of Hartford E 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 E Correlation With Market

Poor diversification

The correlation between Hartford E Equity and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford E Equity 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 E Equity. 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 estimate.

Moving together with Hartford Mutual Fund

0.94	HGOFX	Hartford Growth	Pair Corr
0.94	HGOIX	Hartford Growth	Pair Corr
0.94	HGORX	Hartford Growth	Pair Corr
0.94	HGOSX	Hartford Growth	Pair Corr
0.94	HGOTX	Hartford Growth Oppo	Pair Corr
0.94	HGOVX	Hartford Growth	Pair Corr
0.94	HGOYX	Hartford Growth	Pair Corr
0.94	HGOCX	Hartford Growth	Pair Corr
0.86	HGXVX	Hartford Global Impact	Pair Corr
0.95	HMDCX	Hartford Midcap	Pair Corr
0.99	ITHIX	Hartford Capital	Pair Corr
0.83	HRAAX	Hartford Growth Allo	Pair Corr
0.85	HRACX	Hartford Growth	Pair Corr
0.82	HRAFX	Hartford Growth	Pair Corr
0.84	HRARX	Hartford Growth	Pair Corr
0.94	HSMCX	Hartford Small	Pair Corr
0.89	HSMTX	Hartford Small Cap	Pair Corr
0.74	SMDIX	Hartford Schroders	Pair Corr
0.74	SMDRX	Hartford Schroders	Pair Corr
0.95	SMDVX	Hartford Schroders	Pair Corr
0.98	HCACX	Hartford Capital	Pair Corr
0.99	HCAYX	Hartford Capital	Pair Corr
0.74	IHGIX	Hartford Dividend	Pair Corr

Moving against Hartford Mutual Fund

0.32	ITBAX	Hartford Total	Pair Corr
0.31	HILYX	Hartford Interna	Pair Corr

Related Correlations Analysis

	URIBX	ABNCX	ELBIX	ANBIX	MSTBX	BMOPX	PRVBX	PACEX
URIBX		0.95	0.84	0.94	0.9	0.96	0.85	0.94	URIBX
ABNCX	0.95		0.9	1.0	0.97	0.91	0.94	0.97	ABNCX
ELBIX	0.84	0.9		0.9	0.87	0.82	0.85	0.9	ELBIX
ANBIX	0.94	1.0	0.9		0.98	0.9	0.94	0.98	ANBIX
MSTBX	0.9	0.97	0.87	0.98		0.87	0.96	0.95	MSTBX
BMOPX	0.96	0.91	0.82	0.9	0.87		0.86	0.9	BMOPX
PRVBX	0.85	0.94	0.85	0.94	0.96	0.86		0.9	PRVBX
PACEX	0.94	0.97	0.9	0.98	0.95	0.9	0.9		PACEX
	URIBX	ABNCX	ELBIX	ANBIX	MSTBX	BMOPX	PRVBX	PACEX

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford E 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 E'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
URIBX	0.24	(0.01)	0.46	0.05	0.24	(0.31)	0.55	(0.44)	1.45
ABNCX	0.15	0.00	0.73	(0.23)	0.11	(0.19)	0.30	(0.30)	0.90
ELBIX	0.33	0.03	0.43	1.29	0.28	(0.42)	0.64	(0.48)	1.73
ANBIX	0.16	0.01	0.67	(0.44)	0.09	(0.21)	0.38	(0.38)	0.98
MSTBX	0.11	0.01	0.92	(0.42)	0.00	(0.15)	0.21	(0.21)	0.62
BMOPX	0.24	0.00	0.41	(0.14)	0.28	(0.28)	0.55	(0.45)	1.36
PRVBX	0.10	0.01	1.30	0.07	0.00	(0.13)	0.23	(0.17)	0.53
PACEX	0.12	0.01	0.87	(0.58)	0.00	(0.19)	0.33	(0.22)	0.76

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