The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Growth
HGOCX Fund  USD 53.48  0.19  0.36%   
The current 90-days correlation between Hartford Growth and Ab High Income is 0.34 (i.e., Weak 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

Very weak diversification

The correlation between The Hartford Growth and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Growth 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 Growth. 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 The Mutual Fund

  1.0HGOFX Hartford GrowthPairCorr
  1.0HGOIX Hartford GrowthPairCorr
  1.0HGORX Hartford GrowthPairCorr
  1.0HGOSX Hartford GrowthPairCorr
  1.0HGOTX Hartford Growth OppoPairCorr
  1.0HGOVX Hartford GrowthPairCorr
  1.0HGOYX Hartford GrowthPairCorr
  1.0HGOAX Hartford GrowthPairCorr
  0.73HGXAX Hartford Global ImpactPairCorr
  0.74HGXCX Hartford Global ImpactPairCorr
  0.72HGXFX Hartford Global ImpactPairCorr
  0.72HGXIX Hartford Global ImpactPairCorr
  0.73HGXRX Hartford Global ImpactPairCorr
  0.73HGXSX Hartford Global ImpactPairCorr
  0.72HGXTX Hartford Global ImpactPairCorr
  0.72HGXVX Hartford Global ImpactPairCorr
  0.72HGXYX Hartford Global ImpactPairCorr
  0.95HIACX Hartford Capital AppPairCorr
  0.96HIAGX Hartford DisciplinedPairCorr
  0.98HIASX Hartford Small PanyPairCorr
  0.95HIBCX Hartford Capital AppPairCorr
  0.98HIMCX Hartford Midcap HlsPairCorr

Moving against The Mutual Fund

  0.69HIABX Hartford Total ReturnPairCorr
  0.4HHMFX The Hartford MunicipalPairCorr
  0.4HHMYX The Hartford MunicipalPairCorr
  0.39HHMIX The Hartford MunicipalPairCorr
  0.38HHMAX The Hartford MunicipalPairCorr
  0.37HHMCX The Hartford MunicipalPairCorr
  0.71HILAX Hartford InternaPairCorr
  0.71HILDX Hartford InternaPairCorr
  0.71HILCX Hartford InternaPairCorr
  0.71HILIX Hartford InternaPairCorr
  0.71HILRX Hartford InternaPairCorr
  0.71HILSX Hartford InternaPairCorr

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.

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