The Hartford Correlations

HFMRX Fund

USD 33.59 0.30 0.90%

The current 90-days correlation between Hartford Midcap and Red Oak Technology is 0.02 (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

Average diversification

The correlation between The Hartford Midcap and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Midcap 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 Midcap. 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

0.91	HGOFX	Hartford Growth	Pair Corr
0.94	HGOIX	Hartford Growth	Pair Corr
0.94	HGORX	Hartford Growth	Pair Corr
0.91	HGOSX	Hartford Growth	Pair Corr
0.91	HGOTX	Hartford Growth Oppo	Pair Corr
0.91	HGOVX	Hartford Growth	Pair Corr
0.91	HGOYX	Hartford Growth	Pair Corr
0.94	HGOAX	Hartford Growth	Pair Corr
0.91	HGOCX	Hartford Growth	Pair Corr
0.93	HIACX	Hartford Capital App	Pair Corr
0.95	HIAGX	Hartford Disciplined	Pair Corr
0.9	HIASX	Hartford Small Pany	Pair Corr
0.96	HIBCX	Hartford Capital App	Pair Corr
1.0	HIMCX	Hartford Midcap Hls	Pair Corr

Moving against The Mutual Fund

0.64	HIABX	Hartford Total Return	Pair Corr
0.68	HIAHX	Hartford Healthcare Hls	Pair Corr
0.67	SCBIX	Schroder Core Bond	Pair Corr
0.48	HILAX	Hartford Interna	Pair Corr
0.46	HIPCX	The Hartford Inflation	Pair Corr
0.42	HILCX	Hartford Interna	Pair Corr
0.42	HIPAX	The Hartford Inflation	Pair Corr
0.42	HIPSX	The Hartford Inflation	Pair Corr
0.41	HILSX	Hartford Interna	Pair Corr
0.41	HILYX	Hartford Interna	Pair Corr
0.4	HILIX	Hartford Interna	Pair Corr
0.4	HILTX	Hartford Interna	Pair Corr

Related Correlations Analysis

	ROGSX	FIJFX	LMUSX	TWBIX	OPTCX	FFCGX	XMHFX
ROGSX		0.8	0.8	0.79	0.78	0.96	-0.5	ROGSX
FIJFX	0.8		0.71	0.81	0.68	0.89	-0.38	FIJFX
LMUSX	0.8	0.71		0.79	0.97	0.78	-0.7	LMUSX
TWBIX	0.79	0.81	0.79		0.76	0.82	-0.22	TWBIX
OPTCX	0.78	0.68	0.97	0.76		0.76	-0.68	OPTCX
FFCGX	0.96	0.89	0.78	0.82	0.76		-0.41	FFCGX
XMHFX	-0.5	-0.38	-0.7	-0.22	-0.68	-0.41		XMHFX
	ROGSX	FIJFX	LMUSX	TWBIX	OPTCX	FFCGX	XMHFX

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

OPTCX	+ 0.97	LMUSX
FFCGX	+ 0.96	ROGSX
FFCGX	+ 0.89	FIJFX
FFCGX	+ 0.82	TWBIX
TWBIX	+ 0.81	FIJFX
FIJFX	+ 0.8	ROGSX

High negative correlations

XMHFX	- 0.7	LMUSX
XMHFX	- 0.68	OPTCX
XMHFX	- 0.5	ROGSX
XMHFX	- 0.41	FFCGX
XMHFX	- 0.38	FIJFX
XMHFX	- 0.22	TWBIX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ROGSX	0.86	(0.09)	(0.06)	0.03	1.35	(0.84)	1.70	(2.51)	5.59
FIJFX	0.78	0.00	(0.04)	0.00	0.87	(0.84)	1.90	(1.48)	5.17
LMUSX	0.62	0.13	0.02	2.77	0.72	(0.71)	1.52	(1.49)	4.15
TWBIX	0.36	0.03	(0.17)	1.17	0.45	(0.39)	0.78	(0.92)	2.38
OPTCX	0.16	0.04	(0.39)	1.11	0.00	(0.24)	0.41	(0.21)	1.07
FFCGX	0.57	(0.06)	(0.11)	0.04	0.71	(0.59)	1.26	(1.23)	3.41
XMHFX	0.17	(0.04)	0.00	(0.64)	0.00	0.00	0.28	(0.41)	1.52

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