Hartford Quality Competition
| HQGO Etf | 61.21 0.22 0.36% |
Hartford Quality vs Touchstone ETF Correlation
Very weak diversification
The correlation between Hartford Quality Growth and TLCI is 0.57 (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
| 0.76 | VUG | Vanguard Growth Index | PairCorr |
| 0.68 | IWF | iShares Russell 1000 | PairCorr |
| 0.94 | IVW | iShares SP 500 | PairCorr |
| 0.93 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.96 | IUSG | iShares Core SP | PairCorr |
Moving against Hartford Etf
| 0.51 | NFLX | Netflix Sell-off Trend | PairCorr |
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 Constituents 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VMAX | 0.67 | 0.02 | 0.02 | 0.09 | 0.71 | 1.20 | 3.01 | |||
| FMET | 0.79 | (0.14) | 0.00 | (0.07) | 0.00 | 1.37 | 4.71 | |||
| FLGR | 0.65 | 0.05 | (0.02) | 0.48 | 0.84 | 1.31 | 3.57 | |||
| XUSP | 0.76 | (0.04) | (0.02) | 0.04 | 1.11 | 1.49 | 5.23 | |||
| PSFD | 0.24 | 0.02 | (0.06) | 0.13 | 0.23 | 0.53 | 2.31 | |||
| PSR | 0.56 | (0.05) | 0.00 | (0.06) | 0.00 | 0.97 | 3.43 | |||
| PYZ | 1.33 | 0.22 | 0.11 | 0.54 | 1.46 | 2.50 | 6.90 | |||
| PEZ | 1.04 | (0.01) | 0.01 | 0.07 | 1.11 | 2.45 | 5.14 | |||
| KDEF | 2.10 | 0.40 | 0.15 | 0.89 | 2.02 | 4.16 | 9.58 | |||
| TLCI | 0.51 | 0.01 | (0.08) | 0.22 | 0.62 | 0.94 | 3.18 |
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?
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Restaurants
Entities that are involved in restaurant business, as well as coffee shop chains and other eateries. The Restaurants theme has 14 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 Restaurants Theme or any other thematic opportunities.
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Check out Hartford Quality Correlation with its peers. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of Hartford Quality Growth is measured differently than its book value, which is the value of Hartford that is recorded on the company's balance sheet. Investors also form their own opinion of Hartford Quality's value that differs from its market value or its book value, called intrinsic value, which is Hartford Quality's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hartford Quality's market value can be influenced by many factors that don't directly affect Hartford Quality's underlying business (such as a pandemic or basic market pessimism), market value can vary widely 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. However, Hartford Quality's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
