Hartford Municipal Competition

HMOP Etf

USD 39.54 0.03 0.08%

Hartford Municipal competes with VanEck Long, First Trust, Franklin Liberty, First Trust, and WisdomTree International; as well as few others. Analyzing Hartford Municipal competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Hartford Municipal to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Hartford Municipal Correlation with its peers.

Hartford Municipal vs SPDR Russell Correlation

Very poor diversification

The correlation between Hartford Municipal Opportuniti and ONEV is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Municipal Opportuniti and ONEV in the same portfolio, assuming nothing else is changed.

Moving together with Hartford Etf

0.97	MUB	iShares National Muni Sell-off Trend	Pair Corr
0.96	VTEB	Vanguard Tax Exempt	Pair Corr
0.98	FMB	First Trust Managed	Pair Corr
0.93	ITM	VanEck Intermediate Muni	Pair Corr
0.98	DFNM	Dimensional ETF Trust	Pair Corr

Moving against Hartford Etf

0.83	NFLX	Netflix	Pair Corr
0.38	HUM	Humana Inc Earnings Call This Week	Pair Corr

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Hype

Prediction

Low	Estimated	High
39.44	39.54	39.64

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Intrinsic

Valuation

Low	Real	High
36.20	36.30	43.49

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Hartford Municipal Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Hartford Municipal and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Hartford and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Hartford Municipal does not affect the price movement of the other competitor.

	MLN	FIIG	FLCO	FYC	DWM	VFVA	FLTW	SFY	SSUS	ONEV
MLN		0.31	0.37	0.33	0.48	0.36	0.42	0.41	0.45	0.37	MLN
FIIG	0.31		0.93	0.7	0.71	0.79	0.53	0.49	0.64	0.77	FIIG
FLCO	0.37	0.93		0.7	0.73	0.76	0.63	0.53	0.66	0.79	FLCO
FYC	0.33	0.7	0.7		0.87	0.91	0.82	0.77	0.9	0.88	FYC
DWM	0.48	0.71	0.73	0.87		0.94	0.93	0.62	0.79	0.94	DWM
VFVA	0.36	0.79	0.76	0.91	0.94		0.79	0.56	0.77	0.96	VFVA
FLTW	0.42	0.53	0.63	0.82	0.93	0.79		0.66	0.76	0.84	FLTW
SFY	0.41	0.49	0.53	0.77	0.62	0.56	0.66		0.95	0.53	SFY
SSUS	0.45	0.64	0.66	0.9	0.79	0.77	0.76	0.95		0.73	SSUS
ONEV	0.37	0.77	0.79	0.88	0.94	0.96	0.84	0.53	0.73		ONEV
	MLN	FIIG	FLCO	FYC	DWM	VFVA	FLTW	SFY	SSUS	ONEV

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Hartford Municipal Constituents Risk-Adjusted Indicators

There is a big difference between Hartford Etf performing well and Hartford Municipal ETF 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 Municipal'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
MLN	0.15	(0.01)	(0.34)	(0.12)	0.21	(0.17)	0.34	(0.29)	1.43
FIIG	0.17	0.01	(0.29)	0.16	0.13	(0.19)	0.38	(0.33)	1.05
FLCO	0.17	0.00	(0.33)	0.11	0.13	(0.21)	0.37	(0.37)	0.88
FYC	1.13	0.00	0.02	0.08	1.27	(1.24)	2.21	(2.10)	5.20
DWM	0.58	0.10	0.10	0.23	0.55	(0.63)	1.13	(1.20)	3.11
VFVA	0.74	0.14	0.17	0.22	0.49	(0.89)	2.19	(1.11)	4.24
FLTW	1.02	0.08	0.05	0.18	1.27	(1.01)	1.95	(2.41)	5.64
SFY	0.73	(0.09)	0.00	(0.02)	0.00	0.00	1.39	(1.87)	4.37
SSUS	0.59	(0.06)	(0.08)	0.01	0.86	(0.54)	1.24	(1.23)	3.42
ONEV	0.54	0.08	0.08	0.19	0.39	(0.56)	1.40	(0.92)	3.42

Hartford Municipal Competitive Analysis

The better you understand Hartford Municipal competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Hartford Municipal's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Hartford Municipal's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	HMOP	MLN	FIIG	FLCO	FYC	DWM	VFVA	FLTW	SFY	SSUS
	0.08 39.54 Hartford	0.06 17.55 VanEck	0.05 21.15 First	0.14 21.68 Franklin	4.11 100.91 First	2.04 73.41 WisdomTree	0.00 144.60 Vanguard	0.53 67.83 Franklin	2.85 132.45 SoFi	1.90 49.31 Day
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Weakest	Fair	Soft	Fair	Solid	Solid	Good	Weakest	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Moderate	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued	Under Valued	Under Valued	Over Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Cautious Hold	Cautious Hold	Cautious Hold	Hold	Strong Buy	Strong Buy	Strong Hold	Strong Hold	Strong Hold
Net Asset	284.94 M	209.07 M	N/A	578.61 M	188.53 M	519.6 M	607.33 M	30.89 M	353.45 M	435.69 M
Price To Book	N/A	N/A	N/A	N/A	2.91	1.37	N/A	N/A	1.05	N/A
Five Year Return	1.4	-1.2	N/A	0.0	8.1	11.5	13.7	13.7	14.3	11.0
One Year Return	5.2	1.8	7.5	6.8	26.6	35.8	21.0	46.1	18.4	13.9
Last Dividend Paid	0.0576	0.0368	N/A	0.0616	0.14	0.11	0.37	0.019	0.082	N/A
Beta	0.82	1.43	N/A	1.09	1.38	0.91	1.02	0.87	1.09	0.89
Price To Earning	N/A	N/A	N/A	N/A	26.31	14.73	N/A	N/A	63.75	N/A
Price To Sales	N/A	N/A	N/A	N/A	1.63	0.95	N/A	N/A	0.03	N/A
Equity Positions Weight	N/A	N/A	N/A	N/A	99.8	99.97	99.52	99.68	99.69	99.87
Three Year Return	4.2	2.5	N/A	4.6	20.2	18.1	12.9	26.1	23.9	15.2
Annual Yield	N/A	N/A	0.0173	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Bond Positions Weight	2.08	N/A	N/A	20.46	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	N/A	1.6	N/A	N/A	14.2	9.3	N/A	N/A	N/A	N/A
Day Typical Price	39.55	17.54	21.16	21.68	100.06	72.92	143.89	67.41	131.68	49.08
Accumulation Distribution	0.0033	0.0023	0.0038	0.0028	0.0279	0.02	0.0175	0.0187	0.0202	0.0142
Market Facilitation Index	0.13	0.04	0.08	0.06	2.82	1.47	2.53	1.27	2.68	0.7
Daily Balance Of Power	0.2308	0.25	(0.12)	(0.50)	1.411348	1.0	N/A	0.2835	1.369403	1.314286
Period Momentum Indicator	0.03	0.01	(0.01)	(0.03)	3.98	1.47	N/A	0.36	3.67	0.92
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.04	1.02	1.0	1.01	1.03	1.02
Day Median Price	39.56	17.54	21.16	21.68	99.64	72.68	143.54	67.19	131.29	48.96
Price Action Indicator	N/A	0.015	(0.01)	(0.01)	3.26	1.47	1.06	0.81	2.99	0.81
Coefficient Of Variation	433.51	7633.84	920.12	1141.74	1266.62	442.78	430.34	812.97	(8,342)	5141.68
Mean Deviation	0.0881	0.1537	0.1743	0.1739	1.13	0.5827	0.7426	1.02	0.733	0.5876
Jensen Alpha	0.016	(0.01)	0.0072	0.0026	(0)	0.1019	0.1389	0.0832	(0.09)	(0.06)
Total Risk Alpha	0.0062	(0.03)	(0.01)	(0.01)	(0.04)	0.0839	0.1203	0.0212	(0.12)	(0.07)
Sortino Ratio	(0.40)	(0.34)	(0.29)	(0.33)	0.0164	0.1005	0.1745	0.0481	N/A	(0.08)
Downside Variance	0.0241	0.066	0.0511	0.0447	1.85	0.5925	0.6175	2.07	N/A	0.8073
Standard Deviation	0.1227	0.2153	0.2214	0.2192	1.42	0.7396	0.9761	1.29	0.9963	0.7684
Kurtosis	2.38	2.87	(0.12)	(0.22)	0.1046	0.0885	0.5738	0.1403	0.7345	0.2961
Potential Upside	0.2283	0.3425	0.3797	0.3735	2.21	1.13	2.19	1.95	1.39	1.24
Treynor Ratio	0.6381	(0.12)	0.1622	0.1107	0.0762	0.2269	0.2218	0.1807	(0.02)	0.0064
Maximum Drawdown	0.5928	1.43	1.05	0.8812	5.2	3.11	4.24	5.64	4.37	3.42
Variance	0.0151	0.0464	0.049	0.0481	2.01	0.547	0.9527	1.67	0.9927	0.5904
Market Risk Adjusted Performance	0.6481	(0.11)	0.1722	0.1207	0.0862	0.2369	0.2318	0.1907	(0.01)	0.0164
Risk Adjusted Performance	0.1302	(0.02)	0.0612	0.0438	0.0679	0.1811	0.189	0.1029	(0.01)	0.0152
Skewness	(0.53)	(0.34)	(0.04)	0.04	0.0618	(0.17)	0.6216	(0.46)	(0.08)	(0.37)
Semi Deviation	0.0	0.209	0.1341	0.1316	1.27	0.5465	0.4912	1.27	N/A	0.8568
Information Ratio	(0.50)	(0.40)	(0.30)	(0.32)	0.0157	0.1046	0.1405	0.0536	(0.10)	(0.1)
Value At Risk	(0.15)	(0.29)	(0.33)	(0.37)	(2.10)	(1.20)	(1.11)	(2.41)	(1.87)	(1.23)
Expected Short fall	(0.10)	(0.17)	(0.19)	(0.21)	(1.24)	(0.63)	(0.89)	(1.01)	N/A	(0.54)
Downside Deviation	0.1553	0.2569	0.226	0.2115	1.36	0.7697	0.7858	1.44	N/A	0.8985
Semi Variance	(0.02)	0.0437	0.018	0.0173	1.62	0.2987	0.2413	1.62	N/A	0.7342

Hartford Municipal Competition Performance Charts

Five steps to successful analysis of Hartford Municipal Competition

Hartford Municipal's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Hartford Municipal in relation to its competition. Hartford Municipal's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Hartford Municipal in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Hartford Municipal's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Hartford Municipal, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Hartford Municipal position

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When determining whether Hartford Municipal is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Hartford Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hartford Municipal Opportunities Etf. Highlighted below are key reports to facilitate an investment decision about Hartford Municipal Opportunities Etf:

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Investors evaluate Hartford Municipal using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Hartford Municipal's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause Hartford Municipal's market price to deviate significantly from intrinsic value.

Please note, there is a significant difference between Hartford Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Hartford Municipal's market price signifies the transaction level at which participants voluntarily complete trades.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Hartford Municipal Competition

Hartford Municipal vs SPDR Russell Correlation

Very poor diversification

Moving together with Hartford Etf

Moving against Hartford Etf

Specify up to 10 symbols:

Hartford Municipal Competition Correlation Matrix

Hartford Municipal Constituents Risk-Adjusted Indicators

Hartford Municipal Competitive Analysis

Hartford Municipal Competition Performance Charts

Five steps to successful analysis of Hartford Municipal Competition

Complement your Hartford Municipal position

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