Hartford Global Correlations

Mutual Funds . USA . 
Fund . Hartford Global Impact
HGXIX Fund  USD 16.38  0.18  1.11%   
The current 90-days correlation between Hartford Global Impact and The Hartford Growth is 0.66 (i.e., Poor diversification). The correlation of Hartford Global 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 Global Correlation With Market

Very weak diversification

The correlation between Hartford Global Impact and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Global Impact 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 Global Impact. 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 gross domestic product.

Moving together with Hartford Mutual Fund

  1.0HGXAX Hartford Global ImpactPairCorr
  0.9HGXCX Hartford Global ImpactPairCorr
  1.0HGXFX Hartford Global ImpactPairCorr
  1.0HGXRX Hartford Global ImpactPairCorr
  1.0HGXSX Hartford Global ImpactPairCorr
  1.0HGXTX Hartford Global ImpactPairCorr
  1.0HGXVX Hartford Global ImpactPairCorr
  1.0HGXYX Hartford Global ImpactPairCorr
  0.66HIABX Hartford Total ReturnPairCorr
  0.69HIACX Hartford Capital AppPairCorr
  0.68HIADX Hartford Dividend AndPairCorr
  0.67HIBSX Hartford Stock HlsPairCorr
  0.72HIAGX Hartford DisciplinedPairCorr
  0.86HIAOX Hartford InternationalPairCorr
  0.79HIASX Hartford Small PanyPairCorr
  0.68HIBCX Hartford Capital AppPairCorr
  0.8HIMCX Hartford Midcap HlsPairCorr
  0.63HILAX Hartford InternaPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Global 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 Global'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HGOFX  0.99  0.11  0.03  0.37  1.40 
(0.98)
 1.99 
(2.30)
 6.57 
HGOIX  0.99  0.11  0.03  0.37  1.40 
(0.98)
 1.99 
(2.30)
 6.55 
HGORX  0.99  0.10  0.03  0.36  1.41 
(0.98)
 1.99 
(2.31)
 6.56 
HGOSX  0.99  0.10  0.03  0.36  1.41 
(0.98)
 1.97 
(2.29)
 6.55 
HGOTX  0.99  0.11  0.03  0.37  1.40 
(0.96)
 1.98 
(2.30)
 6.56 
HGOVX  0.99  0.11  0.03  0.37  1.41 
(0.98)
 1.99 
(2.31)
 6.57 
HGOYX  0.99  0.11  0.03  0.37  1.40 
(0.96)
 1.98 
(2.30)
 6.56 
HGOAX  0.99  0.14  0.03 (1.80) 1.41 
(0.98)
 2.00 
(2.31)
 6.55 
HGOCX  0.99  0.10  0.03  0.35  1.41 
(0.98)
 1.98 
(2.32)
 6.55 
HGXAX  0.55  0.02 (0.04) 0.15  0.78 
(0.54)
 1.08 
(1.06)
 3.92 

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