Hartford International Correlations

IHOIX Fund

USD 18.08 0.09 0.50%

The current 90-days correlation between Hartford International and Mfs Growth Fund is 0.31 (i.e., Weak diversification). The correlation of Hartford International 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.

Hartford International Correlation With Market

Weak diversification

The correlation between The Hartford International and DJI is 0.39 (i.e., 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 gross domestic product.

Moving together with Hartford Mutual Fund

0.83	HGXAX	Hartford Global Impact	Pair Corr
0.83	HGXFX	Hartford Global Impact	Pair Corr
0.83	HGXIX	Hartford Global Impact	Pair Corr
0.82	HGXRX	Hartford Global Impact	Pair Corr
0.83	HGXSX	Hartford Global Impact	Pair Corr
0.83	HGXTX	Hartford Global Impact	Pair Corr
0.83	HGXVX	Hartford Global Impact	Pair Corr
0.83	HGXYX	Hartford Global Impact	Pair Corr
0.8	HHHCX	Hartford Schroders	Pair Corr
0.83	HHHSX	Hartford Schroders	Pair Corr
0.84	HHHTX	Hartford Schroders	Pair Corr
0.83	HHHYX	Hartford Schroders	Pair Corr
0.63	HHMCX	The Hartford Municipal	Pair Corr
0.63	HHMFX	The Hartford Municipal	Pair Corr
0.64	HHMIX	The Hartford Municipal	Pair Corr
0.77	HIBSX	Hartford Stock Hls	Pair Corr
0.83	HIAOX	Hartford International	Pair Corr
0.88	HILAX	Hartford International	Pair Corr
0.87	HILCX	Hartford International	Pair Corr
0.75	HILIX	Hartford International	Pair Corr

Moving against Hartford Mutual Fund

0.33	HGOFX	Hartford Growth	Pair Corr
0.33	HGOIX	Hartford Growth	Pair Corr
0.33	HGORX	Hartford Growth	Pair Corr
0.33	HGOSX	Hartford Growth	Pair Corr
0.33	HGOTX	Hartford Growth Oppo	Pair Corr
0.33	HGOYX	Hartford Growth	Pair Corr
0.33	HGOAX	Hartford Growth	Pair Corr
0.32	HGOCX	Hartford Growth	Pair Corr

Related Correlations Analysis

	MFEIX	JVLIX	PCBIX	HDGIX	WACPX
MFEIX		0.8	0.84	0.62	0.61	MFEIX
JVLIX	0.8		0.77	0.83	0.65	JVLIX
PCBIX	0.84	0.77		0.69	0.56	PCBIX
HDGIX	0.62	0.83	0.69		0.61	HDGIX
WACPX	0.61	0.65	0.56	0.61		WACPX
	MFEIX	JVLIX	PCBIX	HDGIX	WACPX

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford International 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 International'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MFEIX	0.92	(0.06)	(0.07)	1.61	(2.18)	13.67
JVLIX	0.73	(0.21)	(0.35)	1.12	(0.98)	15.24
PCBIX	0.74	(0.04)	(0.12)	1.30	(1.40)	6.62
HDGIX	0.57	(0.17)	(0.78)	0.78	(0.93)	10.23
WACPX	0.25	(0.06)	(0.95)	0.44	(0.54)	1.75

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