Hartford Schroders Correlations

HFDCX Fund

USD 17.45 0.04 0.23%

The current 90-days correlation between Hartford Schroders and Hartford Schroders Smallmid is 1.0 (i.e., No risk reduction). The correlation of Hartford Schroders 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 Schroders Correlation With Market

Poor diversification

The correlation between Hartford Schroders Smallmid 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 Hartford Schroders Smallmid 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 Schroders Smallmid. 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 main economic indicators.

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	HGOAX	Hartford Growth	Pair Corr
0.83	HGXAX	Hartford Global Impact	Pair Corr
0.84	HGXCX	Hartford Global Impact	Pair Corr
0.82	HGXIX	Hartford Global Impact	Pair Corr
0.83	HGXRX	Hartford Global Impact	Pair Corr
0.83	HGXSX	Hartford Global Impact	Pair Corr
0.96	HIAGX	Hartford Disciplined	Pair Corr
0.96	HIASX	Hartford Small Pany	Pair Corr
0.95	HISCX	Hartford Small Cap	Pair Corr
0.94	SCUVX	Hartford Schroders Small	Pair Corr
0.98	SCURX	Hartford Schroders Small	Pair Corr

Moving against Hartford Mutual Fund

0.62	HILAX	Hartford Interna	Pair Corr
0.62	HILDX	Hartford Interna	Pair Corr
0.62	HILIX	Hartford Interna	Pair Corr
0.62	HILSX	Hartford Interna	Pair Corr
0.62	HILUX	Hartford Interna	Pair Corr
0.62	HILYX	Hartford Interna	Pair Corr
0.56	HIPAX	The Hartford Inflation	Pair Corr
0.55	HIPCX	The Hartford Inflation	Pair Corr
0.38	HIAOX	Hartford International	Pair Corr
0.6	HLDRX	Hartford Emerging	Pair Corr
0.59	HLDIX	Hartford Emerging	Pair Corr
0.59	HLDTX	Hartford Emerging	Pair Corr
0.57	HLDCX	Hartford Emerging	Pair Corr
0.56	HLDAX	Hartford Emerging	Pair Corr
0.55	HIPFX	The Hartford Inflation	Pair Corr
0.55	HIPTX	The Hartford Inflation	Pair Corr
0.54	HIPRX	The Hartford Inflation	Pair Corr
0.45	HMJFX	Hartford Municipal Short	Pair Corr

Related Correlations Analysis

	HFDTX	HFDYX	SMDVX	SEVIX	SUSYX
HFDTX		1.0	1.0	0.13	0.12	HFDTX
HFDYX	1.0		1.0	0.13	0.12	HFDYX
SMDVX	1.0	1.0		0.13	0.12	SMDVX
SEVIX	0.13	0.13	0.13		1.0	SEVIX
SUSYX	0.12	0.12	0.12	1.0		SUSYX
	HFDTX	HFDYX	SMDVX	SEVIX	SUSYX

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Schroders 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 Schroders' 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
HFDTX	0.71	(0.09)	0.00	(0.11)	0.00	0.00	1.21	(1.69)	3.02
HFDYX	0.71	(0.09)	0.00	(0.11)	0.00	0.00	1.16	(1.63)	2.99
SMDVX	0.71	(0.09)	0.00	(0.11)	0.00	0.00	1.17	(1.67)	3.02
SEVIX	0.57	0.01	0.01	0.02	0.72	(0.63)	1.05	(1.22)	3.11
SUSYX	0.58	0.01	0.01	0.02	0.75	(0.60)	1.05	(1.29)	3.04

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