Hartford Inflation Correlations

HIPAX Fund

USD 10.24 0.01 0.1%

The current 90-days correlation between The Hartford Inflation and Asg Managed Futures is 0.34 (i.e., Weak diversification). The correlation of Hartford Inflation 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 Inflation Correlation With Market

Modest diversification

The correlation between The Hartford Inflation and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Inflation 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 Inflation. 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 nation.

Moving against Hartford Mutual Fund

0.51	HGORX	Hartford Growth	Pair Corr
0.5	HGOAX	Hartford Growth	Pair Corr
0.5	HGOCX	Hartford Growth	Pair Corr
0.48	HGOFX	Hartford Growth	Pair Corr
0.48	HGOSX	Hartford Growth	Pair Corr
0.46	HGOTX	Hartford Growth Oppo	Pair Corr
0.46	HGOVX	Hartford Growth	Pair Corr
0.46	HGOYX	Hartford Growth	Pair Corr
0.49	HIADX	Hartford Dividend And	Pair Corr
0.36	HIACX	Hartford Capital App	Pair Corr
0.33	HIBSX	Hartford Stock Hls	Pair Corr
0.32	HHHTX	Hartford Schroders Steady Growth	Pair Corr
0.6	HIOCX	Hartford International	Pair Corr
0.51	HILCX	Hartford International	Pair Corr
0.51	HILRX	Hartford International	Pair Corr
0.5	HILAX	Hartford International	Pair Corr
0.5	HILSX	Hartford International	Pair Corr
0.5	HILTX	Hartford International Potential Growth	Pair Corr

Related Correlations Analysis

	AMFAX	LFTAX	NWXNX	PFRMX	WAFAX	EVOIX	DIPSX	FIFGX	FIPRX
AMFAX		0.7	-0.08	0.66	-0.12	0.38	-0.15	0.05	-0.25	AMFAX
LFTAX	0.7		-0.21	0.77	-0.28	0.33	-0.31	0.37	-0.31	LFTAX
NWXNX	-0.08	-0.21		0.25	0.97	0.1	0.98	-0.25	0.71	NWXNX
PFRMX	0.66	0.77	0.25		0.17	0.51	0.14	0.33	0.2	PFRMX
WAFAX	-0.12	-0.28	0.97	0.17		0.08	0.98	-0.26	0.71	WAFAX
EVOIX	0.38	0.33	0.1	0.51	0.08		0.05	-0.03	0.43	EVOIX
DIPSX	-0.15	-0.31	0.98	0.14	0.98	0.05		-0.27	0.71	DIPSX
FIFGX	0.05	0.37	-0.25	0.33	-0.26	-0.03	-0.27		-0.09	FIFGX
FIPRX	-0.25	-0.31	0.71	0.2	0.71	0.43	0.71	-0.09		FIPRX
	AMFAX	LFTAX	NWXNX	PFRMX	WAFAX	EVOIX	DIPSX	FIFGX	FIPRX

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

DIPSX	+ 0.98	NWXNX
DIPSX	+ 0.98	WAFAX
WAFAX	+ 0.97	NWXNX
PFRMX	+ 0.77	LFTAX
FIPRX	+ 0.71	NWXNX
FIPRX	+ 0.71	WAFAX

High negative correlations

FIPRX	- 0.31	LFTAX
DIPSX	- 0.31	LFTAX
WAFAX	- 0.28	LFTAX
FIFGX	- 0.27	DIPSX
FIFGX	- 0.26	WAFAX
FIFGX	- 0.25	NWXNX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Inflation 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 Inflation'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
AMFAX	0.66	0.00	(0.01)	0.06	0.79	(0.72)	1.22	(1.46)	3.63
LFTAX	0.37	0.02	(0.04)	0.12	0.46	(0.40)	0.76	(0.93)	2.76
NWXNX	0.13	(0.01)	0.00	(0.36)	0.00	0.00	0.22	(0.22)	0.88
PFRMX	0.28	0.00	(0.12)	0.05	0.32	(0.30)	0.54	(0.54)	1.73
WAFAX	0.13	(0.01)	0.00	(0.25)	0.00	0.00	0.32	(0.32)	0.85
EVOIX	0.63	(0.05)	0.00	(0.07)	0.00	0.00	1.09	(1.08)	11.75
DIPSX	0.15	(0.01)	0.00	(0.83)	0.00	0.00	0.27	(0.27)	0.98
FIFGX	0.79	(0.03)	0.00	(0.03)	0.00	0.00	1.56	(1.59)	3.67
FIPRX	0.18	(0.04)	0.00	(2.30)	0.00	0.00	0.30	(0.40)	2.20

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