The Hartford Municipal Fund Manager Performance Evaluation
| HHMCX Fund | USD 8.43 0.02 0.24% |
The fund retains a Market Volatility (i.e., Beta) of -0.0622, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hartford Municipal are expected to decrease at a much lower rate. During the bear market, Hartford Municipal is likely to outperform the market.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in The Hartford Municipal are ranked lower than 3 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Hartford Municipal is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of March 2023 | |
| Expense Ratio | 1.4300 |
Hartford |
Hartford Municipal Relative Risk vs. Return Landscape
If you would invest 838.00 in The Hartford Municipal on September 2, 2024 and sell it today you would earn a total of 5.00 from holding The Hartford Municipal or generate 0.6% return on investment over 90 days. The Hartford Municipal is currently producing 0.0095% returns and takes up 0.1908% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Hartford, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Hartford Municipal Current Valuation
Overvalued
Today
Please note that Hartford Municipal's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. The Hartford Municipal retains a regular Real Value of $8.25 per share. The prevalent price of the fund is $8.43. We determine the value of The Hartford Municipal from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will come together.
Since Hartford Municipal is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Hartford Mutual Fund. However, Hartford Municipal's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 8.43 | Real 8.25 | Hype 8.43 | Naive 8.42 |
The intrinsic value of Hartford Municipal's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Hartford Municipal's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of The Hartford Municipal helps investors to forecast how Hartford mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Hartford Municipal more accurately as focusing exclusively on Hartford Municipal's fundamentals will not take into account other important factors: Hartford Municipal Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Municipal's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as The Hartford Municipal, and traders can use it to determine the average amount a Hartford Municipal's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0497
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HHMCX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Hartford Municipal is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hartford Municipal by adding it to a well-diversified portfolio.
Hartford Municipal Fundamentals Growth
Hartford Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Hartford Municipal, and Hartford Municipal fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Hartford Mutual Fund performance.
| Total Asset | 25.53 M | ||||
About Hartford Municipal Performance
Evaluating Hartford Municipal's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Hartford Municipal has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Hartford Municipal has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to achieve its investment objective by investing in investment grade and non-investment grade municipal securities that the sub-adviser considers to be attractive from a yield perspective while considering total return. At least 80 percent of the funds net assets must be invested in municipal securities. The fund may invest up to 20 percent of the funds net assets in non-investment grade municipal securities.Things to note about The Hartford Municipal performance evaluation
Checking the ongoing alerts about Hartford Municipal for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for The Hartford Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -1.0% | |
| The Hartford Municipal retains most of the assets under management (AUM) in different types of exotic instruments. |
- Analyzing Hartford Municipal's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Hartford Municipal's stock is overvalued or undervalued compared to its peers.
- Examining Hartford Municipal's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Hartford Municipal's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hartford Municipal's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Hartford Municipal's mutual fund. These opinions can provide insight into Hartford Municipal's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Hartford Mutual Fund
Hartford Municipal financial ratios help investors to determine whether Hartford Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hartford with respect to the benefits of owning Hartford Municipal security.
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