The Hartford Correlations

HFLYX Fund

USD 7.77 0.00 0.00%

The current 90-days correlation between Hartford Floating and Precious Metals And is 0.04 (i.e., Significant 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

Good diversification

The correlation between The Hartford Floating and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Floating 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 Floating. 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 manufacturing.

Moving together with The Mutual Fund

0.82	HGOFX	Hartford Growth	Pair Corr
0.82	HGOIX	Hartford Growth	Pair Corr
0.82	HGORX	Hartford Growth	Pair Corr
0.82	HGOSX	Hartford Growth	Pair Corr
0.82	HGOTX	Hartford Growth Oppo	Pair Corr
0.82	HGOVX	Hartford Growth	Pair Corr
0.82	HGOYX	Hartford Growth	Pair Corr
0.81	HGOAX	Hartford Growth	Pair Corr
0.81	HGOCX	Hartford Growth	Pair Corr

Moving against The Mutual Fund

0.67	HHHTX	Hartford Schroders	Pair Corr
0.63	HHHCX	Hartford Schroders	Pair Corr
0.62	HHHRX	Hartford Schroders	Pair Corr
0.62	HHHSX	Hartford Schroders	Pair Corr
0.61	HHHFX	Hartford Schroders	Pair Corr
0.61	HHHYX	Hartford Schroders	Pair Corr
0.46	HIBSX	Hartford Stock Hls	Pair Corr
0.38	HIADX	Hartford Dividend And	Pair Corr
0.56	HIAHX	Hartford Healthcare Hls	Pair Corr
0.37	HILCX	Hartford Interna	Pair Corr
0.36	HIPCX	The Hartford Inflation	Pair Corr
0.35	HILRX	Hartford Interna	Pair Corr
0.34	HILAX	Hartford Interna	Pair Corr
0.34	HILSX	Hartford Interna	Pair Corr

Related Correlations Analysis

	UIPMX	SGDIX	GLDAX	FGDIX	EPGIX	SGDLX	EKWYX
UIPMX		0.93	0.94	0.99	0.94	0.93	0.98	UIPMX
SGDIX	0.93		0.99	0.91	0.9	1.0	0.89	SGDIX
GLDAX	0.94	0.99		0.92	0.89	0.99	0.9	GLDAX
FGDIX	0.99	0.91	0.92		0.92	0.91	0.99	FGDIX
EPGIX	0.94	0.9	0.89	0.92		0.91	0.9	EPGIX
SGDLX	0.93	1.0	0.99	0.91	0.91		0.89	SGDLX
EKWYX	0.98	0.89	0.9	0.99	0.9	0.89		EKWYX
	UIPMX	SGDIX	GLDAX	FGDIX	EPGIX	SGDLX	EKWYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
UIPMX	1.33	(0.11)	(0.22)	2.57	(3.27)	7.60
SGDIX	1.31	(0.15)	(0.98)	2.35	(2.70)	7.56
GLDAX	1.27	(0.16)	(0.97)	2.57	(2.88)	8.37
FGDIX	1.36	(0.09)	(0.16)	2.69	(2.96)	8.02
EPGIX	1.46	(0.16)	(0.59)	3.24	(3.12)	8.68
SGDLX	1.30	(0.15)	(1.00)	2.36	(2.69)	7.55
EKWYX	1.41	(0.06)	(0.10)	2.60	(3.17)	8.10

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC