The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford International
HILCX Fund  USD 18.96  0.06  0.32%   
The current 90-days correlation between Hartford Interna and Advent Claymore Convertible is 0.56 (i.e., Very 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 International and DJI is 0.47 (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 International 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 International. 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

  0.64HGXAX Hartford Global ImpactPairCorr
  0.62HGXCX Hartford Global ImpactPairCorr
  0.65HGXFX Hartford Global ImpactPairCorr
  0.63HGXRX Hartford Global ImpactPairCorr
  0.64HGXSX Hartford Global ImpactPairCorr
  0.65HGXTX Hartford Global ImpactPairCorr
  0.65HGXVX Hartford Global ImpactPairCorr
  0.65HGXYX Hartford Global ImpactPairCorr
  0.79HHHCX Hartford SchrodersPairCorr
  0.8HHHFX Hartford SchrodersPairCorr
  0.79HHHRX Hartford SchrodersPairCorr
  0.8HHHSX Hartford SchrodersPairCorr
  0.76HHHTX Hartford SchrodersPairCorr
  0.8HHHYX Hartford SchrodersPairCorr
  0.65HHMAX The Hartford MunicipalPairCorr
  0.7HHMFX The Hartford MunicipalPairCorr
  0.69HHMIX The Hartford MunicipalPairCorr
  0.7HIABX Hartford Total ReturnPairCorr
  0.97HIAOX Hartford InternationalPairCorr
  1.0HILAX 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.

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
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY