Hartford International Correlations

Mutual Funds . USA . 
Fund . Hartford International Opportunities
HIAOX Fund  USD 17.11  0.17  1.00%   
The current 90-days correlation between Hartford International and The Hartford Growth is 0.83 (i.e., Very poor diversification). The correlation of Hartford International 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 International Correlation With Market

Significant diversification

The correlation between Hartford International Opportu and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford International Opportu 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 International Opportunities. 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 persons.

Moving together with Hartford Mutual Fund

  0.8HGOFX Hartford GrowthPairCorr
  0.8HGOIX Hartford GrowthPairCorr
  0.8HGORX Hartford GrowthPairCorr
  0.8HGOSX Hartford GrowthPairCorr
  0.71HGOTX Hartford Growth OppoPairCorr
  0.8HGOVX Hartford GrowthPairCorr
  0.79HGOYX Hartford GrowthPairCorr
  0.71HGOAX Hartford GrowthPairCorr
  0.79HGOCX Hartford GrowthPairCorr
  0.8HGXAX Hartford Global ImpactPairCorr
  0.8HGXCX Hartford Global ImpactPairCorr
  0.8HGXFX Hartford Global ImpactPairCorr
  0.8HGXIX Hartford Global ImpactPairCorr
  0.8HGXRX Hartford Global ImpactPairCorr
  0.8HGXSX Hartford Global ImpactPairCorr
  0.8HGXTX Hartford Global ImpactPairCorr
  0.8HGXVX Hartford Global ImpactPairCorr
  0.8HGXYX Hartford Global ImpactPairCorr
  0.84HHHCX Hartford SchrodersPairCorr
  0.85HHHFX Hartford SchrodersPairCorr
  0.84HHHRX Hartford SchrodersPairCorr
  0.84HHHSX Hartford SchrodersPairCorr
  0.84HHHTX Hartford SchrodersPairCorr
  0.85HHHYX Hartford SchrodersPairCorr
  0.96HIACX Hartford Capital AppPairCorr
  0.88HIADX Hartford Dividend AndPairCorr
  0.96HIAGX Hartford DisciplinedPairCorr
  0.72HIASX Hartford Small PanyPairCorr
  0.96HIBCX Hartford Capital AppPairCorr
  0.86HIMCX Hartford Midcap HlsPairCorr
  0.86HILAX Hartford InternationalPairCorr

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 International 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 International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HGOFX  1.12  0.01 (0.05)(0.37) 1.81 
(0.97)
 2.51 
(3.13)
 7.03 
HGOIX  1.12  0.01 (0.05)(0.37) 1.82 
(0.97)
 2.52 
(3.14)
 7.01 
HGORX  1.12  0.01 (0.05)(0.27) 1.82 
(0.97)
 2.52 
(3.13)
 7.04 
HGOSX  1.12  0.01 (0.05)(0.31) 1.78 
(0.97)
 2.52 
(3.12)
 7.03 
HGOTX  1.12 (0.11)(0.05) 0.00  1.82 
(0.96)
 2.51 
(3.14)
 7.04 
HGOVX  1.12  0.01 (0.05)(0.36) 1.82 
(0.97)
 2.52 
(3.12)
 7.03 
HGOYX  1.08  0.00 (0.05) 0.12  1.68 
(0.96)
 2.52 
(2.80)
 7.05 
HGOAX  1.12 (0.11)(0.05) 0.00  1.82 
(0.96)
 2.52 
(3.13)
 7.05 
HGOCX  1.13  0.01 (0.05)(0.18) 1.82 
(0.97)
 2.52 
(3.19)
 7.00 
HGXAX  0.70  0.13  0.04  1.84  0.75 
(0.78)
 1.54 
(1.47)
 4.52 

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