Hartford Total Correlations

ITBAX Fund

USD 9.19 0.00 0.00%

The current 90-days correlation between Hartford Total and Federated Pennsylvania Municipal is 0.28 (i.e., Modest diversification). The correlation of Hartford Total 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 Total Correlation With Market

Average diversification

The correlation between The Hartford Total and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Total 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 Total. 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 nation.

Moving together with Hartford Mutual Fund

0.68	HHMAX	The Hartford Municipal	Pair Corr
1.0	HIABX	Hartford Total Return	Pair Corr
0.82	HIAHX	Hartford Healthcare Hls	Pair Corr
0.71	HILAX	Hartford International	Pair Corr
0.7	HILDX	Hartford International	Pair Corr
0.72	HILCX	Hartford International	Pair Corr
0.71	HILIX	Hartford International	Pair Corr
0.71	HILRX	Hartford International	Pair Corr
0.71	HILSX	Hartford International	Pair Corr
0.71	HILTX	Hartford International	Pair Corr
0.71	HILYX	Hartford International	Pair Corr
0.94	HIPCX	The Hartford Inflation	Pair Corr
0.93	HIPFX	The Hartford Inflation	Pair Corr
0.88	HLDAX	Hartford Emerging	Pair Corr
0.89	HLDCX	Hartford Emerging	Pair Corr
0.88	HLDIX	Hartford Emerging	Pair Corr
0.88	HLDRX	Hartford Emerging	Pair Corr
0.87	HLDTX	Hartford Emerging	Pair Corr

Moving against Hartford Mutual Fund

0.81	HGOIX	Hartford Growth	Pair Corr
0.8	HGORX	Hartford Growth	Pair Corr
0.78	HGOFX	Hartford Growth	Pair Corr
0.78	HGOSX	Hartford Growth	Pair Corr
0.78	HGOTX	Hartford Growth Oppo	Pair Corr
0.78	HGOVX	Hartford Growth	Pair Corr
0.78	HGOYX	Hartford Growth	Pair Corr
0.78	HGOAX	Hartford Growth	Pair Corr
0.77	HGOCX	Hartford Growth	Pair Corr
0.7	HIACX	Hartford Capital App	Pair Corr
0.7	HIAGX	Hartford Disciplined	Pair Corr
0.63	HIADX	Hartford Dividend And	Pair Corr
0.62	HMDCX	Hartford Midcap	Pair Corr
0.62	HMDFX	Hartford Midcap	Pair Corr
0.6	HIASX	Hartford Small Pany	Pair Corr
0.6	HISCX	Hartford Small Cap	Pair Corr

Related Correlations Analysis

	PAMFX	GABTX	LTXFX	BIDKX	MSTPX	FFRLFX
PAMFX		-0.11	0.88	0.9	0.95	0.97	PAMFX
GABTX	-0.11		-0.2	-0.09	0.01	-0.26	GABTX
LTXFX	0.88	-0.2		0.97	0.81	0.88	LTXFX
BIDKX	0.9	-0.09	0.97		0.89	0.89	BIDKX
MSTPX	0.95	0.01	0.81	0.89		0.93	MSTPX
FFRLFX	0.97	-0.26	0.88	0.89	0.93		FFRLFX
	PAMFX	GABTX	LTXFX	BIDKX	MSTPX	FFRLFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FFRLFX	+ 0.97	PAMFX
BIDKX	+ 0.97	LTXFX
MSTPX	+ 0.95	PAMFX
FFRLFX	+ 0.93	MSTPX
BIDKX	+ 0.9	PAMFX
MSTPX	+ 0.89	BIDKX

High negative correlations

FFRLFX	- 0.26	GABTX
LTXFX	- 0.2	GABTX
GABTX	- 0.11	PAMFX
BIDKX	- 0.09	GABTX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Total 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 Total'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
PAMFX	0.14	0.02	(0.29)	(0.10)	0.18	(0.20)	0.30	(0.39)	1.30
GABTX	0.50	0.10	(0.01)	6.08	0.45	(0.57)	1.09	(1.00)	3.00
LTXFX	0.09	0.00	(0.46)	0.00	0.11	(0.13)	0.20	(0.19)	0.78
BIDKX	0.15	0.01	(0.27)	0.27	0.19	(0.19)	0.27	(0.45)	1.36
MSTPX	0.11	0.02	(0.26)	(0.14)	0.13	(0.18)	0.30	(0.30)	1.10
FFRLFX	0.38	0.07	(0.10)	(0.15)	0.63	(0.39)	0.98	(0.90)	3.82

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