The Hartford Correlations

HILCX Fund  USD 20.14  0.16  0.80%   
The current 90-days correlation between Hartford Interna and Scharf Global Opportunity is 0.08 (i.e., Significant 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 0.51 (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

  0.77HHHCX Hartford SchrodersPairCorr
  0.79HHHYX Hartford SchrodersPairCorr
  0.69HHMAX The Hartford MunicipalPairCorr
  0.67HHMCX The Hartford MunicipalPairCorr
  0.7HHMIX The Hartford MunicipalPairCorr
  0.71HHMYX The Hartford MunicipalPairCorr
  0.94HIAOX Hartford InternationalPairCorr
  1.0HILAX Hartford InternaPairCorr
  1.0HILDX Hartford InternaPairCorr
  1.0HILIX Hartford InternaPairCorr
  1.0HILSX Hartford InternaPairCorr
  1.0HILUX Hartford InternaPairCorr
  1.0HILYX Hartford InternaPairCorr
  0.94HIPAX The Hartford InflationPairCorr
  0.93HIPCX The Hartford InflationPairCorr
  0.94HIPFX The Hartford InflationPairCorr
  0.93HIPRX The Hartford InflationPairCorr
  0.94HIPTX The Hartford InflationPairCorr

Moving against The Mutual Fund

  0.71HGOFX Hartford GrowthPairCorr
  0.71HGOIX Hartford GrowthPairCorr
  0.71HGORX Hartford GrowthPairCorr
  0.71HGOSX Hartford GrowthPairCorr
  0.71HGOTX Hartford Growth OppoPairCorr
  0.71HGOVX Hartford GrowthPairCorr
  0.71HGOYX Hartford GrowthPairCorr
  0.71HGOAX Hartford GrowthPairCorr
  0.71HGOCX Hartford GrowthPairCorr
  0.65HIACX Hartford Capital AppPairCorr
  0.64HIASX Hartford Small PanyPairCorr
  0.56HIAGX Hartford DisciplinedPairCorr
  0.78HISCX Hartford Small CapPairCorr
  0.63HMDCX Hartford MidcapPairCorr
  0.62HMDFX Hartford MidcapPairCorr
  0.62HMDYX Hartford MidcapPairCorr
  0.61SCUVX Hartford Schroders SmallPairCorr
  0.6SCURX Hartford Schroders SmallPairCorr

Related Correlations Analysis

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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   
RTIUXFMUUX
RTIUXWRLDX
FMUUXWRLDX
RTIUXFTUFOX
FTUFOXFMUUX
FTUFOXWRLDX
  
High negative correlations   
FUHKBXFTUFOX
FUHKBXFMUUX
RTIUXFUHKBX
FMFTXFMUUX
FUHKBXWRLDX

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.