Hartford Core Correlations

HGICX Fund

USD 47.75 0.40 0.84%

The current 90-days correlation between Hartford E Equity and Wealthbuilder Moderate Balanced is 0.49 (i.e., Very weak diversification). The correlation of Hartford Core 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 Core Correlation With Market

Weak diversification

The correlation between Hartford E Equity and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford E Equity 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 Hartford E Equity. 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 main economic indicators.

Moving together with Hartford Mutual Fund

0.65	HGXAX	Hartford Global Impact	Pair Corr
0.66	HGXCX	Hartford Global Impact	Pair Corr
0.64	HGXFX	Hartford Global Impact	Pair Corr
0.64	HGXIX	Hartford Global Impact	Pair Corr
0.65	HGXRX	Hartford Global Impact	Pair Corr
0.64	HGXSX	Hartford Global Impact	Pair Corr
0.64	HGXTX	Hartford Global Impact	Pair Corr
0.64	HGXVX	Hartford Global Impact	Pair Corr
0.64	HGXYX	Hartford Global Impact	Pair Corr
0.61	HHMCX	The Hartford Municipal	Pair Corr
0.68	HIABX	Hartford Total Return	Pair Corr
0.64	HIACX	Hartford Capital App	Pair Corr
0.91	HIADX	Hartford Dividend And	Pair Corr
0.83	HIBSX	Hartford Stock Hls	Pair Corr
0.68	HIAHX	Hartford Healthcare Hls	Pair Corr
0.65	HIBCX	Hartford Capital App	Pair Corr

Moving against Hartford Mutual Fund

0.41	HGOFX	Hartford Growth	Pair Corr
0.41	HGOIX	Hartford Growth	Pair Corr
0.41	HGOTX	Hartford Growth Oppo	Pair Corr
0.41	HGOVX	Hartford Growth	Pair Corr
0.41	HGOYX	Hartford Growth	Pair Corr
0.41	HGOAX	Hartford Growth	Pair Corr
0.4	HGORX	Hartford Growth	Pair Corr
0.4	HGOSX	Hartford Growth	Pair Corr
0.4	HGOCX	Hartford Growth	Pair Corr

Related Correlations Analysis

	WMBFX	VRRJX	QCGLRX	JTSQX	RRPPX	SAMAX	WMBGX	SIRZX
WMBFX		0.99	0.87	0.95	0.89	0.88	1.0	0.95	WMBFX
VRRJX	0.99		0.9	0.96	0.88	0.9	0.99	0.95	VRRJX
QCGLRX	0.87	0.9		0.8	0.68	0.75	0.89	0.77	QCGLRX
JTSQX	0.95	0.96	0.8		0.93	0.94	0.94	0.97	JTSQX
RRPPX	0.89	0.88	0.68	0.93		0.79	0.88	0.9	RRPPX
SAMAX	0.88	0.9	0.75	0.94	0.79		0.87	0.95	SAMAX
WMBGX	1.0	0.99	0.89	0.94	0.88	0.87		0.94	WMBGX
SIRZX	0.95	0.95	0.77	0.97	0.9	0.95	0.94		SIRZX
	WMBFX	VRRJX	QCGLRX	JTSQX	RRPPX	SAMAX	WMBGX	SIRZX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Core 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 Core'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
WMBFX	0.33	(0.02)	0.00	(0.06)	0.00	0.00	0.59	(0.68)	2.72
VRRJX	0.40	(0.02)	(0.05)	(0.03)	0.61	(0.41)	0.74	(0.74)	3.25
QCGLRX	0.54	0.03	0.02	0.12	0.79	(0.54)	1.12	(1.16)	4.41
JTSQX	0.50	0.00	(0.03)	0.02	0.74	(0.50)	1.15	(0.91)	3.95
RRPPX	0.31	(0.01)	(0.06)	(0.02)	0.45	(0.33)	0.56	(0.63)	2.38
SAMAX	0.51	0.00	(0.02)	0.03	0.76	(0.47)	1.01	(0.91)	4.00
WMBGX	0.34	(0.01)	(0.06)	(0.04)	0.51	(0.34)	0.61	(0.71)	2.61
SIRZX	0.27	(0.02)	0.00	(0.08)	0.00	0.00	0.58	(0.48)	2.40

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