The Hartford Correlations

Mutual Funds . USA . 
Fund . The Hartford International
IHORX Fund  USD 18.90  0.07  0.37%   
The current 90-days correlation between Hartford Interna and The Hartford International is 1.0 (i.e., No risk reduction). 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 International and DJI is 0.23 (i.e., Modest 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 metropolitan statistical area.

Moving together with The Mutual Fund

  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
  0.83HGXSX Hartford Global ImpactPairCorr
  0.83HGXTX Hartford Global ImpactPairCorr
  0.83HGXVX Hartford Global ImpactPairCorr
  0.83HGXYX Hartford Global ImpactPairCorr
  0.82HHHCX Hartford SchrodersPairCorr
  0.82HHHFX Hartford SchrodersPairCorr
  0.82HHHRX Hartford SchrodersPairCorr
  0.82HHHSX Hartford SchrodersPairCorr
  0.82HHHTX Hartford SchrodersPairCorr
  0.82HHHYX Hartford SchrodersPairCorr
  0.62HHMCX The Hartford MunicipalPairCorr
  0.86HIABX Hartford Total ReturnPairCorr
  0.69HIADX Hartford Dividend AndPairCorr
  0.76HIBSX Hartford Stock HlsPairCorr
  0.74HIAHX Hartford Healthcare HlsPairCorr
  1.0HIAOX Hartford InternationalPairCorr
  0.85HILAX Hartford InternationalPairCorr

Related Correlations Analysis

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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.

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