Hartford Dividend Correlations

HDGFX Fund

USD 34.12 0.04 0.12%

The current 90-days correlation between Hartford Dividend and The Hartford Growth is 0.07 (i.e., Significant diversification). The correlation of Hartford Dividend 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 Dividend Correlation With Market

Weak diversification

The correlation between The Hartford Dividend and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Dividend 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 Dividend. 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 Hartford Mutual Fund

0.61	HHMCX	The Hartford Municipal	Pair Corr
0.79	HHMYX	The Hartford Municipal	Pair Corr
0.69	HIACX	Hartford Capital App	Pair Corr
0.81	HIADX	Hartford Dividend And	Pair Corr
0.78	HIBSX	Hartford Stock Hls	Pair Corr
0.65	HIAHX	Hartford Healthcare Hls	Pair Corr
0.74	HIASX	Hartford Small Pany	Pair Corr
0.7	HIBCX	Hartford Capital App	Pair Corr
0.66	HIMCX	Hartford Midcap Hls	Pair Corr

Moving against Hartford Mutual Fund

0.4	HGOFX	Hartford Growth	Pair Corr
0.4	HGOIX	Hartford Growth	Pair Corr
0.4	HGORX	Hartford Growth	Pair Corr
0.4	HGOSX	Hartford Growth	Pair Corr
0.4	HGOTX	Hartford Growth Oppo	Pair Corr
0.4	HGOVX	Hartford Growth	Pair Corr
0.4	HGOYX	Hartford Growth	Pair Corr
0.4	HGOAX	Hartford Growth	Pair Corr
0.39	HGOCX	Hartford Growth	Pair Corr

Related Correlations Analysis

	HGOFX	HGORX	HGOSX	HGOTX	HGOVX	HGOYX	HGOAX	HGOCX	ITTAX
HGOFX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.33	HGOFX
HGORX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	0.33	HGORX
HGOSX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	0.33	HGOSX
HGOTX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	0.33	HGOTX
HGOVX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.33	HGOVX
HGOYX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	0.33	HGOYX
HGOAX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	0.33	HGOAX
HGOCX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.32	HGOCX
ITTAX	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.32		ITTAX
	HGOFX	HGORX	HGOSX	HGOTX	HGOVX	HGOYX	HGOAX	HGOCX	ITTAX

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Dividend 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 Dividend'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
HGOFX	1.02	0.02	0.01	0.04	1.40	(1.03)	1.92	(1.93)	6.39
HGORX	1.02	0.02	0.01	0.04	1.40	(1.02)	1.92	(1.93)	6.39
HGOSX	1.02	0.02	0.01	0.04	1.40	(1.03)	1.93	(1.94)	6.40
HGOTX	1.02	0.02	0.01	0.04	1.40	(1.00)	1.93	(1.94)	6.39
HGOVX	1.02	0.02	0.01	0.04	1.40	(1.03)	1.92	(1.92)	6.40
HGOYX	1.02	0.02	0.01	0.04	1.40	(1.00)	1.93	(1.93)	6.41
HGOAX	1.02	0.02	0.01	0.04	1.40	(1.03)	1.93	(1.95)	6.40
HGOCX	1.02	0.02	0.01	0.04	1.40	(1.02)	1.92	(1.93)	6.38
ITTAX	0.22	0.02	0.05	0.11	0.24	(0.25)	0.47	(0.31)	1.52

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