Hartford Capital Correlations

HIACX Fund

USD 54.74 0.36 0.66%

The current 90-days correlation between Hartford Capital App and Deutsche Gold Precious is 0.06 (i.e., Significant diversification). The correlation of Hartford Capital 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 Capital Correlation With Market

Weak diversification

The correlation between Hartford Capital Appreciation and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Capital Appreciation 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 Capital Appreciation. 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

0.69	HGXAX	Hartford Global Impact	Pair Corr
0.74	HGXCX	Hartford Global Impact	Pair Corr
0.69	HGXFX	Hartford Global Impact	Pair Corr
0.69	HGXIX	Hartford Global Impact	Pair Corr
0.7	HGXRX	Hartford Global Impact	Pair Corr
0.69	HGXSX	Hartford Global Impact	Pair Corr
0.69	HGXTX	Hartford Global Impact	Pair Corr
0.68	HGXVX	Hartford Global Impact	Pair Corr
0.69	HGXYX	Hartford Global Impact	Pair Corr
0.76	HHMAX	The Hartford Municipal	Pair Corr
0.77	HHMCX	The Hartford Municipal	Pair Corr
0.74	HHMFX	The Hartford Municipal	Pair Corr
0.75	HHMIX	The Hartford Municipal	Pair Corr
0.75	HHMYX	The Hartford Municipal	Pair Corr
0.79	HIABX	Hartford Total Return	Pair Corr
0.8	HIADX	Hartford Dividend And	Pair Corr
0.77	HIBSX	Hartford Stock Hls	Pair Corr
0.82	HIAGX	Hartford Disciplined	Pair Corr
0.61	HIAOX	Hartford International	Pair Corr
0.9	HIASX	Hartford Small Pany	Pair Corr
1.0	HIBCX	Hartford Capital App	Pair Corr
0.83	HIMCX	Hartford Midcap Hls	Pair Corr

Related Correlations Analysis

	SGDIX	AGGWX	UIPMX	GLDAX	IOGYX	QGLDX	GLRBX
SGDIX		0.92	0.93	0.99	0.93	0.67	0.44	SGDIX
AGGWX	0.92		1.0	0.93	0.98	0.79	0.39	AGGWX
UIPMX	0.93	1.0		0.94	0.98	0.78	0.42	UIPMX
GLDAX	0.99	0.93	0.94		0.93	0.71	0.44	GLDAX
IOGYX	0.93	0.98	0.98	0.93		0.72	0.45	IOGYX
QGLDX	0.67	0.79	0.78	0.71	0.72		0.01	QGLDX
GLRBX	0.44	0.39	0.42	0.44	0.45	0.01		GLRBX
	SGDIX	AGGWX	UIPMX	GLDAX	IOGYX	QGLDX	GLRBX

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Capital 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 Capital'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
SGDIX	1.31	(0.15)	0.00	(0.98)	0.00	0.00	2.35	(2.70)	7.56
AGGWX	1.33	(0.11)	0.00	(0.23)	0.00	0.00	2.88	(3.07)	8.48
UIPMX	1.33	(0.11)	0.00	(0.22)	0.00	0.00	2.57	(3.27)	7.60
GLDAX	1.27	(0.16)	0.00	(0.97)	0.00	0.00	2.57	(2.88)	8.37
IOGYX	1.32	(0.13)	0.00	(0.26)	0.00	0.00	2.61	(2.81)	8.99
QGLDX	0.85	0.03	(0.04)	0.52	1.27	(0.78)	1.40	(1.99)	4.89
GLRBX	0.39	(0.02)	0.00	(0.25)	0.00	0.00	0.63	(0.90)	3.20

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Hartford Capital Correlations

Hartford Capital Correlation With Market

Weak diversification

Moving together with Hartford Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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