The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Dividend
HDGYX Fund  USD 35.06  0.36  1.04%   
The current 90-days correlation between Hartford Dividend and Royce Special Equity is 0.81 (i.e., Very poor 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

Poor diversification

The correlation between The Hartford Dividend and DJI is 0.78 (i.e., Poor 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 manufacturing.

Moving together with The Mutual Fund

  0.93HGXAX Hartford Global ImpactPairCorr
  0.92HGXCX Hartford Global ImpactPairCorr
  0.93HGXFX Hartford Global ImpactPairCorr
  0.93HGXIX Hartford Global ImpactPairCorr
  0.93HGXRX Hartford Global ImpactPairCorr
  0.93HGXSX Hartford Global ImpactPairCorr
  0.93HGXTX Hartford Global ImpactPairCorr
  0.93HGXVX Hartford Global ImpactPairCorr
  0.93HGXYX Hartford Global ImpactPairCorr
  0.98HIADX Hartford Dividend AndPairCorr
  0.82HIBSX Hartford Stock HlsPairCorr
  0.71HIAGX Hartford DisciplinedPairCorr
  0.9HIAHX Hartford Healthcare HlsPairCorr
  0.61HIASX Hartford Small PanyPairCorr
  0.64HIMCX Hartford Midcap HlsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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