The Hartford Correlations

HSNFX Fund

USD 7.88 0.01 0.13%

The current 90-days correlation between The Hartford Strategic and Tax Managed International Equity is 0.35 (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

Modest diversification

The correlation between The Hartford Strategic and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Strategic 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 Strategic. 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 census.

Moving together with The Mutual Fund

0.62	HHHFX	Hartford Schroders	Pair Corr
0.61	HHHSX	Hartford Schroders	Pair Corr
0.62	HHHTX	Hartford Schroders	Pair Corr
0.62	HHHYX	Hartford Schroders	Pair Corr
0.87	HHMAX	The Hartford Municipal	Pair Corr
0.83	HHMCX	The Hartford Municipal	Pair Corr
0.89	HHMFX	The Hartford Municipal	Pair Corr
0.88	HHMIX	The Hartford Municipal	Pair Corr
0.89	HHMYX	The Hartford Municipal	Pair Corr
0.92	HIABX	Hartford Total Return	Pair Corr
0.93	HIAOX	Hartford International	Pair Corr
0.93	HILAX	Hartford Interna	Pair Corr

Moving against The Mutual Fund

0.49	HGORX	Hartford Growth	Pair Corr
0.49	HGOSX	Hartford Growth	Pair Corr
0.49	HGOAX	Hartford Growth	Pair Corr
0.49	HGOCX	Hartford Growth	Pair Corr
0.48	HGOFX	Hartford Growth	Pair Corr
0.48	HGOIX	Hartford Growth	Pair Corr
0.48	HGOTX	Hartford Growth Oppo	Pair Corr
0.48	HGOVX	Hartford Growth	Pair Corr
0.48	HGOYX	Hartford Growth	Pair Corr
0.37	HIACX	Hartford Capital App	Pair Corr
0.41	HIASX	Hartford Small Pany	Pair Corr
0.39	HIMCX	Hartford Midcap Hls	Pair Corr
0.38	HIBCX	Hartford Capital App	Pair Corr

Related Correlations Analysis

	RTNAX	TRWIX	LGFEX	DSDYX	FODJX	SWSFX	SPRDX
RTNAX		0.98	0.96	0.79	0.72	0.77	0.88	RTNAX
TRWIX	0.98		0.93	0.76	0.63	0.86	0.82	TRWIX
LGFEX	0.96	0.93		0.82	0.73	0.69	0.95	LGFEX
DSDYX	0.79	0.76	0.82		0.68	0.59	0.82	DSDYX
FODJX	0.72	0.63	0.73	0.68		0.4	0.74	FODJX
SWSFX	0.77	0.86	0.69	0.59	0.4		0.51	SWSFX
SPRDX	0.88	0.82	0.95	0.82	0.74	0.51		SPRDX
	RTNAX	TRWIX	LGFEX	DSDYX	FODJX	SWSFX	SPRDX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RTNAX	0.61	0.10	0.18	0.09	0.76	(0.66)	1.39	(1.45)	4.88
TRWIX	0.71	0.18	0.19	0.17	0.96	(0.69)	1.99	(1.76)	5.45
LGFEX	0.72	0.12	0.12	0.04	1.18	(0.70)	1.19	(1.61)	5.04
DSDYX	0.18	(0.01)	0.00	(0.54)	0.00	0.00	0.34	(0.39)	1.48
FODJX	0.57	0.02	0.00	(0.08)	0.00	0.00	1.11	(1.17)	2.80
SWSFX	0.05	0.01	0.00	0.59	0.00	0.00	0.10	(0.10)	0.59
SPRDX	0.69	0.05	0.00	(0.03)	0.00	0.00	1.35	(1.59)	4.77

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