Hartford Schroders Correlations

HSACX Fund

USD 8.75 0.05 0.57%

The correlation of Hartford Schroders 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 Schroders Correlation With Market

Average diversification

The correlation between Hartford Schroders Sustainable and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Schroders Sustainable 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 Schroders Sustainable. 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

0.61	HGXAX	Hartford Global Impact	Pair Corr
0.62	HGXCX	Hartford Global Impact	Pair Corr
0.61	HGXFX	Hartford Global Impact	Pair Corr
0.61	HGXIX	Hartford Global Impact	Pair Corr
0.62	HGXRX	Hartford Global Impact	Pair Corr
0.61	HGXSX	Hartford Global Impact	Pair Corr
0.61	HGXTX	Hartford Global Impact	Pair Corr
0.61	HGXVX	Hartford Global Impact	Pair Corr
0.61	HGXYX	Hartford Global Impact	Pair Corr
0.64	HHHCX	Hartford Schroders	Pair Corr
0.63	HHHFX	Hartford Schroders	Pair Corr
0.64	HHHRX	Hartford Schroders	Pair Corr
0.64	HHHSX	Hartford Schroders	Pair Corr
0.63	HHHTX	Hartford Schroders	Pair Corr
0.63	HHHYX	Hartford Schroders	Pair Corr
0.93	HHMAX	The Hartford Municipal	Pair Corr
0.93	HHMCX	The Hartford Municipal	Pair Corr
0.91	HHMFX	The Hartford Municipal	Pair Corr
0.91	HHMIX	The Hartford Municipal	Pair Corr
0.92	HHMYX	The Hartford Municipal	Pair Corr
0.99	HIABX	Hartford Total Return	Pair Corr
0.67	HIACX	Hartford Capital App	Pair Corr
0.77	HIADX	Hartford Dividend And	Pair Corr
0.79	HIBSX	Hartford Stock Hls	Pair Corr
0.69	HIAHX	Hartford Healthcare Hls	Pair Corr
0.62	HIAOX	Hartford International	Pair Corr
0.63	HIASX	Hartford Small Pany	Pair Corr
0.67	HIBCX	Hartford Capital App	Pair Corr

Related Correlations Analysis

	FGDIX	XGGNX	EPGFX	GLDAX	OGMCX	UIPMX	EPGIX	UNWPX
FGDIX		0.79	0.95	1.0	0.96	1.0	0.95	0.92	FGDIX
XGGNX	0.79		0.87	0.83	0.88	0.82	0.86	0.64	XGGNX
EPGFX	0.95	0.87		0.95	0.98	0.96	1.0	0.83	EPGFX
GLDAX	1.0	0.83	0.95		0.98	0.99	0.95	0.91	GLDAX
OGMCX	0.96	0.88	0.98	0.98		0.97	0.98	0.85	OGMCX
UIPMX	1.0	0.82	0.96	0.99	0.97		0.96	0.91	UIPMX
EPGIX	0.95	0.86	1.0	0.95	0.98	0.96		0.83	EPGIX
UNWPX	0.92	0.64	0.83	0.91	0.85	0.91	0.83		UNWPX
	FGDIX	XGGNX	EPGFX	GLDAX	OGMCX	UIPMX	EPGIX	UNWPX

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Schroders 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 Schroders' 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
FGDIX	1.27	0.20	0.11	0.38	1.54	(1.37)	2.69	(2.92)	6.78
XGGNX	0.71	0.05	0.05	0.48	0.86	(0.79)	1.44	(1.41)	4.75
EPGFX	1.31	0.10	0.06	0.31	1.64	(1.34)	2.59	(3.00)	7.52
GLDAX	1.11	0.16	0.10	0.35	1.38	(1.10)	2.79	(2.49)	7.13
OGMCX	1.26	0.10	0.06	0.18	1.52	(1.41)	2.65	(2.67)	7.41
UIPMX	1.20	0.19	0.11	0.39	1.41	(1.27)	2.57	(2.77)	6.56
EPGIX	1.31	0.10	0.06	0.30	1.63	(1.35)	2.56	(2.97)	7.48
UNWPX	1.20	0.15	0.09	0.57	1.28	(1.48)	2.67	(2.30)	6.69

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Hartford Schroders Correlations

Hartford Schroders Correlation With Market

Average diversification

Moving together with Hartford Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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