The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford Small
HSCYX Fund  USD 27.06  0.03  0.11%   
The current 90-days correlation between Hartford Small and Short Term Government Fund is -0.17 (i.e., Good 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

Good diversification

The correlation between The Hartford Small and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Small 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 Small. 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 The Mutual Fund

  0.81HGOFX Hartford GrowthPairCorr
  0.81HGOIX Hartford GrowthPairCorr
  0.81HGORX Hartford GrowthPairCorr
  0.81HGOSX Hartford GrowthPairCorr
  0.81HGOTX Hartford Growth OppoPairCorr
  0.81HGOVX Hartford GrowthPairCorr
  0.81HGOYX Hartford GrowthPairCorr
  0.98HGOAX Hartford GrowthPairCorr
  0.98HGOCX Hartford GrowthPairCorr
  0.84HGXAX Hartford Global ImpactPairCorr
  0.85HGXCX Hartford Global ImpactPairCorr
  0.83HGXFX Hartford Global ImpactPairCorr
  0.83HGXIX Hartford Global ImpactPairCorr
  0.84HGXRX Hartford Global ImpactPairCorr
  0.84HGXSX Hartford Global ImpactPairCorr
  0.83HGXTX Hartford Global ImpactPairCorr
  0.83HGXVX Hartford Global ImpactPairCorr
  0.83HGXYX Hartford Global ImpactPairCorr
  0.97HIACX Hartford Capital AppPairCorr
  0.67HIADX Hartford Dividend AndPairCorr
  0.73HIAGX Hartford DisciplinedPairCorr
  1.0HIASX Hartford Small PanyPairCorr
  0.97HIBCX Hartford Capital AppPairCorr
  0.99HIMCX Hartford Midcap HlsPairCorr

Moving against The Mutual Fund

  0.67HIABX Hartford Total ReturnPairCorr
  0.36HHMFX The Hartford MunicipalPairCorr
  0.34HHMAX The Hartford MunicipalPairCorr
  0.33HHMCX The Hartford MunicipalPairCorr
  0.33HHMIX The Hartford MunicipalPairCorr
  0.32HHMYX The Hartford MunicipalPairCorr
  0.66HILAX Hartford InternaPairCorr
  0.66HILDX Hartford InternaPairCorr
  0.66HILCX Hartford InternaPairCorr
  0.66HILIX Hartford InternaPairCorr
  0.66HILRX Hartford InternaPairCorr
  0.66HILSX 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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