Hartford Schroders Correlations

HHHFX Fund

USD 17.13 0.03 0.17%

The current 90-days correlation between Hartford Schroders and Biotechnology Ultrasector Profund is -0.18 (i.e., Good diversification). The correlation of Hartford Schroders 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 Schroders Correlation With Market

Weak diversification

The correlation between Hartford Schroders Emerging and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Schroders Emerging 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 Schroders Emerging. 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 census.

Moving together with Hartford Mutual Fund

0.63	HGXAX	Hartford Global Impact	Pair Corr
0.62	HGXCX	Hartford Global Impact	Pair Corr
0.63	HGXFX	Hartford Global Impact	Pair Corr
0.63	HGXIX	Hartford Global Impact	Pair Corr
0.61	HGXRX	Hartford Global Impact	Pair Corr
0.62	HGXSX	Hartford Global Impact	Pair Corr
0.62	HGXTX	Hartford Global Impact	Pair Corr
0.62	HGXVX	Hartford Global Impact	Pair Corr
0.63	HGXYX	Hartford Global Impact	Pair Corr
1.0	HHHCX	Hartford Schroders	Pair Corr
0.94	HHHRX	Hartford Schroders	Pair Corr
1.0	HHHSX	Hartford Schroders	Pair Corr
1.0	HHHTX	Hartford Schroders	Pair Corr
1.0	HHHYX	Hartford Schroders	Pair Corr
0.68	HIAOX	Hartford International	Pair Corr

Related Correlations Analysis

	BIPIX	TEFQX	DRGTX	PGKCX	TOWTX	JNGTX	FIKHX	ROGSX
BIPIX		-0.13	-0.23	-0.2	-0.05	-0.19	-0.18	-0.05	BIPIX
TEFQX	-0.13		0.88	0.91	0.81	0.94	0.91	0.87	TEFQX
DRGTX	-0.23	0.88		0.98	0.87	0.93	0.95	0.85	DRGTX
PGKCX	-0.2	0.91	0.98		0.9	0.93	0.97	0.87	PGKCX
TOWTX	-0.05	0.81	0.87	0.9		0.79	0.82	0.84	TOWTX
JNGTX	-0.19	0.94	0.93	0.93	0.79		0.91	0.94	JNGTX
FIKHX	-0.18	0.91	0.95	0.97	0.82	0.91		0.8	FIKHX
ROGSX	-0.05	0.87	0.85	0.87	0.84	0.94	0.8		ROGSX
	BIPIX	TEFQX	DRGTX	PGKCX	TOWTX	JNGTX	FIKHX	ROGSX

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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

PGKCX	+ 0.98	DRGTX
FIKHX	+ 0.97	PGKCX
FIKHX	+ 0.95	DRGTX
JNGTX	+ 0.94	TEFQX
ROGSX	+ 0.94	JNGTX
JNGTX	+ 0.93	DRGTX

High negative correlations

DRGTX	- 0.23	BIPIX
PGKCX	- 0.2	BIPIX
JNGTX	- 0.19	BIPIX
FIKHX	- 0.18	BIPIX
TEFQX	- 0.13	BIPIX
ROGSX	- 0.05	BIPIX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Schroders 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 Schroders' 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
BIPIX	1.47	(0.14)	0.00	(0.29)	0.00	0.00	3.10	(3.98)	11.89
TEFQX	1.15	(0.05)	0.00	0.08	1.68	(1.13)	2.40	(2.66)	6.95
DRGTX	0.97	0.17	0.02	(2.65)	1.52	(0.90)	1.80	(2.47)	6.64
PGKCX	1.04	0.15	0.02	23.31	1.55	(1.02)	2.27	(2.67)	6.31
TOWTX	0.53	0.04	(0.09)	0.66	0.73	(0.56)	1.08	(1.32)	3.71
JNGTX	0.89	(0.04)	(0.03)	0.08	1.33	(0.85)	1.89	(2.57)	5.88
FIKHX	1.04	0.13	0.01	8.00	1.58	(0.97)	2.17	(2.57)	7.16
ROGSX	0.86	(0.09)	(0.06)	0.03	1.35	(0.84)	1.70	(2.51)	5.59

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