Hartford Growth Correlations

HRARX Fund

USD 14.73 0.11 0.75%

The current 90-days correlation between Hartford Growth and Victory Cemp Market is -0.06 (i.e., Good diversification). The correlation of Hartford Growth 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 Growth Correlation With Market

Very weak diversification

The correlation between The Hartford Growth and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Growth 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 Growth. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Hartford Mutual Fund

0.88	FFIFX	American Funds	Pair Corr
0.89	FAIFX	American Funds	Pair Corr
0.88	IFACX	Income Fund	Pair Corr
0.89	IFAFX	Income Fund	Pair Corr
0.89	AMECX	Income Fund	Pair Corr
0.88	RIDBX	Income Fund	Pair Corr
0.89	CIMEX	Income Fund	Pair Corr
0.89	RIDFX	Income Fund	Pair Corr
0.88	CIMCX	Income Fund	Pair Corr
0.89	CIMFX	Income Fund	Pair Corr
0.72	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.81	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against Hartford Mutual Fund

0.92	UIPIX	Ultrashort Mid Cap	Pair Corr
0.34	USPIX	Profunds Ultrashort	Pair Corr
0.31	USPSX	Profunds Ultrashort	Pair Corr
0.44	BA	Boeing	Pair Corr

Related Correlations Analysis

	CBHIX	CIABX	IGIEX	LOTCX	ANGCX	QNZIX	EGLNX
CBHIX		-0.17	-0.48	0.58	0.06	0.62	0.42	CBHIX
CIABX	-0.17		0.66	0.0	0.6	0.1	0.38	CIABX
IGIEX	-0.48	0.66		-0.03	0.65	0.02	-0.01	IGIEX
LOTCX	0.58	0.0	-0.03		0.34	0.71	0.37	LOTCX
ANGCX	0.06	0.6	0.65	0.34		0.46	0.22	ANGCX
QNZIX	0.62	0.1	0.02	0.71	0.46		0.3	QNZIX
EGLNX	0.42	0.38	-0.01	0.37	0.22	0.3		EGLNX
	CBHIX	CIABX	IGIEX	LOTCX	ANGCX	QNZIX	EGLNX

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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

QNZIX	+ 0.71	LOTCX
IGIEX	+ 0.66	CIABX
ANGCX	+ 0.65	IGIEX
QNZIX	+ 0.62	CBHIX
ANGCX	+ 0.6	CIABX
LOTCX	+ 0.58	CBHIX

High negative correlations

IGIEX	- 0.48	CBHIX
CIABX	- 0.17	CBHIX
LOTCX	- 0.03	IGIEX
EGLNX	- 0.01	IGIEX
LOTCX	- 0.0	CIABX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Growth 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 Growth'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
CBHIX	0.19	0.01	(0.31)	(0.60)	0.15	(0.24)	0.36	(0.36)	1.30
CIABX	0.08	0.00	(0.28)	0.17	0.09	(0.24)	0.20	(0.20)	1.00
IGIEX	0.24	(0.01)	(0.22)	0.01	0.30	(0.30)	0.48	(0.49)	2.17
LOTCX	0.46	0.05	(0.02)	0.31	0.47	(0.55)	0.78	(0.87)	3.77
ANGCX	0.11	(0.01)	(0.52)	(0.05)	0.06	(0.21)	0.35	(0.24)	0.94
QNZIX	0.58	0.12	0.05	1.53	0.68	(0.61)	1.09	(1.13)	4.49
EGLNX	0.99	0.17	0.08	0.37	1.38	(1.03)	2.03	(2.48)	6.78

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