The Hartford Correlations

ITBAX Fund

USD 9.14 0.01 0.11%

The current 90-days correlation between Hartford Total and Allianzgi Health Sciences 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

Average diversification

The correlation between The Hartford Total and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Total 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 Total. 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 together with The Mutual Fund

0.7	HHMAX	The Hartford Municipal	Pair Corr
0.77	HHMCX	The Hartford Municipal	Pair Corr
0.61	HHMFX	The Hartford Municipal	Pair Corr
1.0	HIABX	Hartford Total Return	Pair Corr
0.8	HIAHX	Hartford Healthcare Hls	Pair Corr
0.71	HILAX	Hartford Interna	Pair Corr
0.71	HILCX	Hartford Interna	Pair Corr
0.7	HILIX	Hartford Interna	Pair Corr
0.71	HILSX	Hartford Interna	Pair Corr

Moving against The Mutual Fund

0.81	HGOIX	Hartford Growth	Pair Corr
0.81	HGORX	Hartford Growth	Pair Corr
0.81	HGOAX	Hartford Growth	Pair Corr
0.78	HGOFX	Hartford Growth	Pair Corr
0.78	HGOSX	Hartford Growth	Pair Corr
0.78	HGOTX	Hartford Growth Oppo	Pair Corr
0.78	HGOVX	Hartford Growth	Pair Corr
0.78	HGOYX	Hartford Growth	Pair Corr
0.78	HGOCX	Hartford Growth	Pair Corr
0.7	HIACX	Hartford Capital App	Pair Corr
0.7	HIAGX	Hartford Disciplined	Pair Corr
0.7	HIBCX	Hartford Capital App	Pair Corr
0.64	HIMCX	Hartford Midcap Hls	Pair Corr
0.61	HIASX	Hartford Small Pany	Pair Corr
0.61	HISCX	Hartford Small Cap	Pair Corr
0.59	SCUVX	Hartford Schroders Small	Pair Corr
0.59	SCURX	Hartford Schroders Small	Pair Corr
0.59	SCUIX	Hartford Schroders Small	Pair Corr

Related Correlations Analysis

	RAGHX	DLHIX	LYFAX	FHCCX	HHCZX
RAGHX		0.92	0.61	0.82	-0.74	RAGHX
DLHIX	0.92		0.77	0.83	-0.65	DLHIX
LYFAX	0.61	0.77		0.67	-0.36	LYFAX
FHCCX	0.82	0.83	0.67		-0.38	FHCCX
HHCZX	-0.74	-0.65	-0.36	-0.38		HHCZX
	RAGHX	DLHIX	LYFAX	FHCCX	HHCZX

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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

DLHIX	+ 0.92	RAGHX
FHCCX	+ 0.83	DLHIX
FHCCX	+ 0.82	RAGHX
LYFAX	+ 0.77	DLHIX
FHCCX	+ 0.67	LYFAX
LYFAX	+ 0.61	RAGHX

High negative correlations

HHCZX	- 0.74	RAGHX
HHCZX	- 0.65	DLHIX
HHCZX	- 0.38	FHCCX
HHCZX	- 0.36	LYFAX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RAGHX	0.61	(0.13)	0.00	(0.60)	0.00	0.92	(1.37)	3.33
DLHIX	0.63	(0.22)	0.00	(0.19)	0.00	0.99	(1.45)	4.38
LYFAX	0.64	(0.13)	0.00	(0.09)	0.00	1.10	(1.65)	3.82
FHCCX	0.69	(0.12)	0.00	(0.04)	0.00	1.05	(1.31)	4.04
HHCZX	0.16	0.00	(0.41)	0.15	(0.19)	0.37	(0.31)	1.14

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