Hartford Small Correlations

HSMTX Fund

USD 13.67 0.14 1.05%

The correlation of Hartford Small 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 estimate.

Moving together with Hartford Mutual Fund

0.94	VSIIX	Vanguard Small Cap	Pair Corr
0.98	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.85	UBVCX	Undiscovered Managers	Pair Corr
0.86	UBVAX	Undiscovered Managers	Pair Corr
0.88	UBVSX	Undiscovered Managers	Pair Corr
0.85	AVFIX	American Beacon Small	Pair Corr
0.83	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.84	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.84	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.84	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.84	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.84	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	CISGX	Touchstone Sands Capital	Pair Corr
0.7	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.79	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.84	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.86	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.71	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Hartford Mutual Fund

0.53	DFTPX	Dfa Target Value	Pair Corr
0.53	DFTVX	Dfa Inv Dimensions	Pair Corr
0.55	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Related Correlations Analysis

	RYOFX	FISVX	LVAQX	MXLSX	QRSAX	QRSVX
RYOFX		0.93	0.91	0.92	0.91	0.91	RYOFX
FISVX	0.93		0.98	0.98	0.98	0.95	FISVX
LVAQX	0.91	0.98		0.95	0.97	0.94	LVAQX
MXLSX	0.92	0.98	0.95		0.95	0.92	MXLSX
QRSAX	0.91	0.98	0.97	0.95		0.95	QRSAX
QRSVX	0.91	0.95	0.94	0.92	0.95		QRSVX
	RYOFX	FISVX	LVAQX	MXLSX	QRSAX	QRSVX

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Small 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 Small'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
RYOFX	1.04	(0.05)	0.00	(0.15)	0.00	0.00	1.83	(1.64)	14.17
FISVX	0.85	(0.03)	0.00	(0.15)	0.00	0.00	1.78	(1.57)	10.76
LVAQX	0.83	(0.06)	0.00	(0.29)	0.00	0.00	1.66	(1.98)	9.79
MXLSX	0.79	(0.01)	(0.01)	(0.04)	0.97	(0.97)	1.79	(1.26)	10.23
QRSAX	0.79	(0.04)	0.00	(0.22)	0.00	0.00	1.51	(1.28)	10.20
QRSVX	0.79	(0.04)	0.00	(0.35)	0.00	0.00	1.51	(1.28)	10.13

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Hartford Small Correlations

Moving together with Hartford Mutual Fund

Moving against Hartford Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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