Hartford Emerging Correlations

HLDRX Fund

USD 4.59 0.01 0.22%

The current 90-days correlation between Hartford Emerging and Rbc Short Duration is -0.17 (i.e., Good diversification). The correlation of Hartford Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between The Hartford Emerging 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 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 The Hartford 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 metropolitan statistical area.

Moving together with Hartford Mutual Fund

0.64	HHMAX	The Hartford Municipal	Pair Corr
0.69	HHMCX	The Hartford Municipal	Pair Corr
0.62	HHMIX	The Hartford Municipal	Pair Corr
0.88	HIABX	Hartford Total Return	Pair Corr
0.71	HIAHX	Hartford Healthcare Hls	Pair Corr
0.68	HIAOX	Hartford International	Pair Corr
0.89	HILAX	Hartford Interna	Pair Corr

Moving against Hartford Mutual Fund

0.59	HGOFX	Hartford Growth	Pair Corr
0.59	HGOIX	Hartford Growth	Pair Corr
0.59	HGORX	Hartford Growth	Pair Corr
0.59	HGOSX	Hartford Growth	Pair Corr
0.59	HGOVX	Hartford Growth	Pair Corr
0.59	HGOYX	Hartford Growth	Pair Corr
0.59	HGOAX	Hartford Growth	Pair Corr
0.58	HGOCX	Hartford Growth	Pair Corr
0.56	HGOTX	Hartford Growth Oppo	Pair Corr
0.5	HIACX	Hartford Capital App	Pair Corr
0.35	HIADX	Hartford Dividend And	Pair Corr
0.49	HIAGX	Hartford Disciplined	Pair Corr
0.48	SCURX	Hartford Schroders Small	Pair Corr
0.47	HIBCX	Hartford Capital App	Pair Corr
0.47	SCUVX	Hartford Schroders Small	Pair Corr
0.47	SCUIX	Hartford Schroders Small	Pair Corr
0.42	HIASX	Hartford Small Pany	Pair Corr
0.41	HIMCX	Hartford Midcap Hls	Pair Corr
0.41	HISCX	Hartford Small Cap	Pair Corr

Related Correlations Analysis

	RSDIX	PRMDX	CWFIX	GTLSX	TSDCX	AOUNX
RSDIX		0.78	0.64	0.04	0.56	0.57	RSDIX
PRMDX	0.78		0.71	0.25	0.57	0.61	PRMDX
CWFIX	0.64	0.71		0.61	0.86	0.86	CWFIX
GTLSX	0.04	0.25	0.61		0.62	0.53	GTLSX
TSDCX	0.56	0.57	0.86	0.62		0.97	TSDCX
AOUNX	0.57	0.61	0.86	0.53	0.97		AOUNX
	RSDIX	PRMDX	CWFIX	GTLSX	TSDCX	AOUNX

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Emerging 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 Emerging'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
RSDIX	0.09	0.00	(0.56)	0.00	0.00	(0.15)	0.21	(0.10)	0.72
PRMDX	0.06	0.00	(0.32)	0.15	0.00	(0.20)	0.20	(0.19)	0.59
CWFIX	0.07	0.01	(0.59)	1.28	0.00	(0.12)	0.11	(0.11)	0.42
GTLSX	0.31	0.05	(0.09)	3.62	0.22	(0.37)	0.71	(0.50)	2.57
TSDCX	0.06	0.01	(0.66)	(0.63)	0.00	(0.16)	0.11	(0.11)	0.55
AOUNX	0.05	0.01	(0.70)	(0.58)	0.00	(0.22)	0.10	(0.10)	0.61

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