Hartford Quality Competition
| HQGO Etf | 59.55 0.51 0.86% |
Hartford Quality vs Touchstone ETF Correlation
Very weak diversification
The correlation between Hartford Quality Growth and TLCI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Quality Growth and TLCI in the same portfolio, assuming nothing else is changed.
Moving together with Hartford Etf
| 0.71 | VUG | Vanguard Growth Index | PairCorr |
| 0.71 | IWF | iShares Russell 1000 | PairCorr |
| 0.93 | IVW | iShares SP 500 | PairCorr |
| 0.92 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.96 | IUSG | iShares Core SP | PairCorr |
Moving against Hartford Etf
Hartford Quality Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Hartford Quality 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 Quality Growth does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Hartford Quality Competition Risk-Adjusted Indicators
There is a big difference between Hartford Etf performing well and Hartford Quality 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 Quality'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.47 | 0.07 | 0.04 | 0.14 | 1.43 | 3.43 | 13.69 | |||
| MSFT | 1.33 | (0.37) | 0.00 | (1.03) | 0.00 | 1.90 | 13.28 | |||
| UBER | 1.55 | (0.39) | 0.00 | (0.71) | 0.00 | 2.46 | 11.09 | |||
| F | 1.21 | 0.03 | 0.02 | 0.07 | 1.25 | 3.34 | 7.16 | |||
| T | 1.01 | 0.14 | 0.10 | (18.48) | 0.95 | 3.87 | 5.31 | |||
| A | 1.27 | (0.31) | 0.00 | (0.20) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.72 | (0.42) | 0.00 | (0.40) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.26 | (0.10) | 0.00 | (0.03) | 0.00 | 2.34 | 7.38 | |||
| MRK | 1.29 | 0.43 | 0.31 | 0.77 | 0.98 | 2.93 | 8.74 | |||
| XOM | 1.27 | 0.39 | 0.25 | 1.59 | 1.08 | 2.90 | 6.83 |
Hartford Quality Competitive Analysis
The better you understand Hartford Quality competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Hartford Quality'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 Quality'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 |
Hartford Quality Competition Performance Charts
Five steps to successful analysis of Hartford Quality Competition
Hartford Quality'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 Quality Growth in relation to its competition. Hartford Quality's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Hartford Quality 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 Quality's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Hartford Quality Growth, 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.
Complement your Hartford Quality position
In addition to having Hartford Quality in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Investing Thematic Idea Now
Investing
Companies involved in money management and investment banking services. The Investing theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Investing Theme or any other thematic opportunities.
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Check out Hartford Quality Correlation with its peers. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Investors evaluate Hartford Quality Growth using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Hartford Quality's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Hartford Quality's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Hartford Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Hartford Quality's market price signifies the transaction level at which participants voluntarily complete trades.
