Hartford Total Correlations

Mutual Funds . USA . 
Fund . The Hartford Total
ITBFX Fund  USD 9.05  0.03  0.33%   
The current 90-days correlation between Hartford Total and Needham Aggressive Growth is -0.17 (i.e., Good diversification). The correlation of Hartford Total 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 Total Correlation With Market

Good diversification

The correlation between The Hartford Total and DJI is -0.2 (i.e., Good 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 census.

Moving together with Hartford Mutual Fund

  0.68HHMAX The Hartford MunicipalPairCorr
  1.0HIABX Hartford Total ReturnPairCorr
  0.82HIAHX Hartford Healthcare HlsPairCorr
  0.68HILAX Hartford InternationalPairCorr
  0.67HILDX Hartford InternationalPairCorr
  0.69HILCX Hartford InternationalPairCorr
  0.67HILIX Hartford InternationalPairCorr
  0.68HILRX Hartford InternationalPairCorr
  0.68HILSX Hartford InternationalPairCorr
  0.67HILTX Hartford InternationalPairCorr
  0.67HILYX Hartford InternationalPairCorr
  0.94HIPCX The Hartford InflationPairCorr
  0.92HIPFX The Hartford InflationPairCorr
  0.87HLDAX Hartford EmergingPairCorr
  0.88HLDCX Hartford EmergingPairCorr
  0.87HLDIX Hartford EmergingPairCorr
  0.87HLDRX Hartford EmergingPairCorr
  0.87HLDTX Hartford EmergingPairCorr

Moving against Hartford Mutual Fund

  0.81HGOFX Hartford GrowthPairCorr
  0.81HGOIX Hartford GrowthPairCorr
  0.81HGORX Hartford GrowthPairCorr
  0.81HGOSX Hartford GrowthPairCorr
  0.81HGOTX Hartford Growth OppoPairCorr
  0.81HGOVX Hartford GrowthPairCorr
  0.81HGOYX Hartford GrowthPairCorr
  0.81HGOAX Hartford GrowthPairCorr
  0.81HGOCX Hartford GrowthPairCorr
  0.73HIACX Hartford Capital AppPairCorr
  0.73HIAGX Hartford DisciplinedPairCorr
  0.65HIADX Hartford Dividend AndPairCorr
  0.63HMDCX Hartford MidcapPairCorr
  0.63HMDFX Hartford MidcapPairCorr
  0.61HIASX Hartford Small PanyPairCorr
  0.61HISCX Hartford Small CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Total 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 Total'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.

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