Hartford Floating Correlations

HFLYX Fund

USD 7.77 0.01 0.13%

The current 90-days correlation between Hartford Floating and The Hartford Growth is -0.05 (i.e., Good diversification). The correlation of Hartford Floating 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 Floating Correlation With Market

Good diversification

The correlation between The Hartford Floating and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Floating 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 Floating. 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 Hartford Mutual Fund

0.86	HGOFX	Hartford Growth	Pair Corr
0.86	HGOIX	Hartford Growth	Pair Corr
0.86	HGORX	Hartford Growth	Pair Corr
0.87	HGOSX	Hartford Growth	Pair Corr
0.87	HGOTX	Hartford Growth Oppo	Pair Corr
0.87	HGOVX	Hartford Growth	Pair Corr
0.86	HGOYX	Hartford Growth	Pair Corr
0.86	HGOAX	Hartford Growth	Pair Corr
0.86	HGOCX	Hartford Growth	Pair Corr
0.78	HIACX	Hartford Capital App	Pair Corr
0.81	HIAGX	Hartford Disciplined	Pair Corr
0.7	HIASX	Hartford Small Pany	Pair Corr
0.78	HIBCX	Hartford Capital App	Pair Corr
0.73	HIMCX	Hartford Midcap Hls	Pair Corr

Moving against Hartford Mutual Fund

0.75	HIABX	Hartford Total Return	Pair Corr
0.66	HHHCX	Hartford Schroders	Pair Corr
0.65	HHHRX	Hartford Schroders	Pair Corr
0.65	HHHSX	Hartford Schroders Potential Growth	Pair Corr
0.65	HHHTX	Hartford Schroders	Pair Corr
0.64	HHHFX	Hartford Schroders	Pair Corr
0.64	HHHYX	Hartford Schroders	Pair Corr
0.48	HIBSX	Hartford Stock Hls	Pair Corr
0.87	HILAX	Hartford International	Pair Corr
0.87	HILDX	Hartford International	Pair Corr
0.87	HILCX	Hartford International	Pair Corr
0.87	HILIX	Hartford International	Pair Corr
0.87	HILSX	Hartford International	Pair Corr
0.87	HILTX	Hartford International	Pair Corr

Related Correlations Analysis

	HGOFX	HGOIX	HGORX	HGOSX	HGOTX	HGOVX	HGOYX	HGOAX	HGOCX	HGXAX
HGOFX		1.0	1.0	0.96	0.96	0.96	1.0	1.0	1.0	-0.03	HGOFX
HGOIX	1.0		1.0	0.96	0.96	0.96	1.0	1.0	1.0	-0.03	HGOIX
HGORX	1.0	1.0		0.96	0.96	0.96	1.0	1.0	1.0	-0.03	HGORX
HGOSX	0.96	0.96	0.96		1.0	1.0	0.96	0.96	0.96	0.06	HGOSX
HGOTX	0.96	0.96	0.96	1.0		1.0	0.96	0.96	0.96	0.06	HGOTX
HGOVX	0.96	0.96	0.96	1.0	1.0		0.96	0.96	0.96	0.06	HGOVX
HGOYX	1.0	1.0	1.0	0.96	0.96	0.96		1.0	1.0	-0.03	HGOYX
HGOAX	1.0	1.0	1.0	0.96	0.96	0.96	1.0		1.0	-0.03	HGOAX
HGOCX	1.0	1.0	1.0	0.96	0.96	0.96	1.0	1.0		-0.03	HGOCX
HGXAX	-0.03	-0.03	-0.03	0.06	0.06	0.06	-0.03	-0.03	-0.03		HGXAX
	HGOFX	HGOIX	HGORX	HGOSX	HGOTX	HGOVX	HGOYX	HGOAX	HGOCX	HGXAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HGOIX	+ 1.0	HGOFX
HGORX	+ 1.0	HGOFX
HGOYX	+ 1.0	HGOFX
HGOAX	+ 1.0	HGOFX
HGOCX	+ 1.0	HGOFX
HGORX	+ 1.0	HGOIX

High negative correlations

HGXAX	- 0.03	HGOCX
HGXAX	- 0.03	HGOAX
HGXAX	- 0.03	HGOYX
HGXAX	- 0.03	HGORX
HGXAX	- 0.03	HGOIX
HGXAX	- 0.03	HGOFX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Floating 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 Floating'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	0.79	0.18	0.11	1.99	1.08	(0.76)	1.92	(1.75)	6.18
HGOIX	0.79	0.18	0.11	1.97	1.09	(0.76)	1.91	(1.75)	6.19
HGORX	0.79	0.18	0.11	1.90	1.09	(0.76)	1.92	(1.74)	6.19
HGOSX	0.78	0.15	0.10	0.19	1.09	(0.74)	1.73	(1.75)	5.90
HGOTX	0.78	0.15	0.10	0.19	1.09	(0.72)	1.71	(1.75)	5.92
HGOVX	0.78	0.15	0.10	0.19	1.09	(0.74)	1.72	(1.75)	5.92
HGOYX	0.79	0.18	0.11	1.98	1.09	(0.75)	1.93	(1.75)	6.18
HGOAX	0.79	0.18	0.11	1.94	1.09	(0.76)	1.93	(1.74)	6.19
HGOCX	0.79	0.17	0.11	1.93	1.09	(0.76)	1.92	(1.76)	6.21
HGXAX	0.55	(0.08)	0.00	(0.10)	0.00	0.00	0.90	(0.98)	4.02

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