Hartford Balanced Correlations
| ITTAX Fund | USD 19.12 0.08 0.42% |
The current 90-days correlation between Hartford Balanced and The Hartford Balanced is 0.61 (i.e., Poor diversification). The correlation of Hartford Balanced 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 Balanced Correlation With Market
Poor diversification
The correlation between The Hartford Balanced and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Balanced and DJI in the same portfolio, assuming nothing else is changed.
Hartford |
Moving together with Hartford Mutual Fund
| 0.91 | HGXAX | Hartford Global Impact | PairCorr |
| 0.92 | HGXCX | Hartford Global Impact | PairCorr |
| 0.9 | HGXFX | Hartford Global Impact | PairCorr |
| 0.9 | HGXIX | Hartford Global Impact | PairCorr |
| 0.91 | HGXRX | Hartford Global Impact | PairCorr |
| 0.91 | HGXSX | Hartford Global Impact | PairCorr |
| 0.9 | HGXTX | Hartford Global Impact | PairCorr |
| 0.9 | HGXVX | Hartford Global Impact | PairCorr |
| 0.9 | HGXYX | Hartford Global Impact | PairCorr |
| 0.72 | HHMAX | The Hartford Municipal | PairCorr |
| 0.78 | HHMCX | The Hartford Municipal | PairCorr |
| 0.76 | HHMFX | The Hartford Municipal | PairCorr |
| 0.76 | HHMIX | The Hartford Municipal | PairCorr |
| 0.76 | HHMYX | The Hartford Municipal | PairCorr |
| 0.76 | HIABX | Hartford Total Return | PairCorr |
| 0.86 | HIBSX | Hartford Stock Hls | PairCorr |
| 0.63 | HIAHX | Hartford Healthcare Hls | PairCorr |
| 0.72 | HIAOX | Hartford International | PairCorr |
Related Correlations Analysis
| 0.82 | -0.01 | 0.85 | 0.3 | HBLRX | ||
| 0.82 | -0.16 | 0.64 | 0.5 | RIRGX | ||
| -0.01 | -0.16 | 0.0 | -0.18 | CISIX | ||
| 0.85 | 0.64 | 0.0 | 0.15 | HBLTX | ||
| 0.3 | 0.5 | -0.18 | 0.15 | MFAIX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Hartford Mutual Fund performing well and Hartford Balanced 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 Balanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HBLRX | 0.32 | (0.11) | 0.00 | (0.25) | 0.00 | 0.46 | 4.38 | |||
| RIRGX | 0.41 | (0.11) | 0.00 | (0.25) | 0.00 | 0.66 | 4.97 | |||
| CISIX | 0.56 | 0.04 | 0.04 | 0.07 | 0.77 | 1.02 | 5.97 | |||
| HBLTX | 0.33 | (0.11) | 0.00 | (0.71) | 0.00 | 0.46 | 4.43 | |||
| MFAIX | 0.68 | (0.06) | 0.00 | (0.09) | 0.00 | 1.33 | 6.13 |