The Hartford Correlations

HIPSX Fund

USD 10.01 0.02 0.20%

The current 90-days correlation between The Hartford Inflation and The Gabelli Equity is 0.05 (i.e., Significant diversification). The correlation of The Hartford 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.

The Hartford Correlation With Market

Significant diversification

The correlation between The Hartford Inflation and DJI is 0.03 (i.e., Significant 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 state.

Moving together with The Mutual Fund

0.73	HGXIX	Hartford Global Impact	Pair Corr
0.74	HGXRX	Hartford Global Impact	Pair Corr
0.73	HGXSX	Hartford Global Impact	Pair Corr
0.73	HGXTX	Hartford Global Impact	Pair Corr
0.73	HGXVX	Hartford Global Impact	Pair Corr
0.73	HGXYX	Hartford Global Impact	Pair Corr
0.75	HHMAX	The Hartford Municipal	Pair Corr
0.75	HHMCX	The Hartford Municipal	Pair Corr
0.64	HHMFX	The Hartford Municipal	Pair Corr
0.67	HHMIX	The Hartford Municipal	Pair Corr
0.64	HHMYX	The Hartford Municipal	Pair Corr
0.84	HIABX	Hartford Total Return	Pair Corr
0.69	HIACX	Hartford Capital App	Pair Corr
0.78	HIADX	Hartford Dividend And	Pair Corr
0.63	HIAHX	Hartford Healthcare Hls	Pair Corr
0.81	HIAOX	Hartford International	Pair Corr
0.74	HIASX	Hartford Small Pany	Pair Corr
0.76	HIBCX	Hartford Capital App	Pair Corr
0.71	HILDX	Hartford Interna	Pair Corr
0.64	HILIX	Hartford Interna	Pair Corr
0.71	HILTX	Hartford Interna	Pair Corr
0.71	HILYX	Hartford Interna	Pair Corr
0.82	HIPAX	The Hartford Inflation	Pair Corr
0.9	HIPIX	The Hartford Inflation	Pair Corr
0.99	HIPRX	The Hartford Inflation	Pair Corr

Related Correlations Analysis

	GCIEX	TEBRX	HGORX	ITTFX	ITTIX	ITTSX	ITTRX	ITTTX	ITTVX
GCIEX		0.76	-0.01	0.92	0.92	0.93	0.87	0.85	0.85	GCIEX
TEBRX	0.76		0.19	0.71	0.71	0.72	0.67	0.66	0.66	TEBRX
HGORX	-0.01	0.19		0.25	0.25	0.22	0.18	0.22	0.22	HGORX
ITTFX	0.92	0.71	0.25		1.0	1.0	0.86	0.85	0.85	ITTFX
ITTIX	0.92	0.71	0.25	1.0		1.0	0.86	0.85	0.85	ITTIX
ITTSX	0.93	0.72	0.22	1.0	1.0		0.87	0.85	0.85	ITTSX
ITTRX	0.87	0.67	0.18	0.86	0.86	0.87		1.0	1.0	ITTRX
ITTTX	0.85	0.66	0.22	0.85	0.85	0.85	1.0		1.0	ITTTX
ITTVX	0.85	0.66	0.22	0.85	0.85	0.85	1.0	1.0		ITTVX
	GCIEX	TEBRX	HGORX	ITTFX	ITTIX	ITTSX	ITTRX	ITTTX	ITTVX

Click cells to compare fundamentals

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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

ITTIX	+ 1.0	ITTFX
ITTSX	+ 1.0	ITTFX
ITTSX	+ 1.0	ITTIX
ITTTX	+ 1.0	ITTRX
ITTVX	+ 1.0	ITTRX
ITTVX	+ 1.0	ITTTX

High negative correlations

HGORX

- 0.01

GCIEX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Hartford 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 The Hartford'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
GCIEX	0.58	0.00	(0.04)	0.08	0.74	(0.75)	1.04	(1.02)	6.15
TEBRX	0.80	0.00	(0.04)	0.08	1.09	(0.81)	1.46	(1.59)	6.11
HGORX	1.00	0.14	0.07	0.39	1.34	(1.03)	1.99	(1.93)	6.56
ITTFX	0.22	0.01	(0.14)	0.10	0.26	(0.24)	0.47	(0.31)	1.68
ITTIX	0.22	0.01	(0.14)	0.10	0.28	(0.24)	0.47	(0.31)	1.73
ITTSX	0.22	0.00	(0.15)	0.09	0.27	(0.24)	0.51	(0.31)	1.69
ITTRX	0.22	0.00	(0.19)	0.06	0.29	(0.23)	0.51	(0.46)	1.69
ITTTX	0.22	0.00	(0.19)	0.09	0.29	(0.23)	0.51	(0.46)	1.75
ITTVX	0.21	0.00	(0.19)	0.08	0.29	(0.23)	0.47	(0.46)	1.70

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