Hartford E Equity Fund Market Value
| HAIAX Fund | USD 57.53 0.12 0.21% |
| Symbol | Hartford |
Hartford E 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hartford E's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hartford E.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Hartford E on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Hartford E Equity or generate 0.0% return on investment in Hartford E over 360 days. Hartford E is related to or competes with The Hartford, Hartford Midcap, The Hartford, The Hartford, and Hartford Small. Under normal circumstances, the fund invests at least 80 percent of its assets in common stocks More
Hartford E Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hartford E's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hartford E Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8735 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.14 |
Hartford E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford E's standard deviation. In reality, there are many statistical measures that can use Hartford E historical prices to predict the future Hartford E's volatility.| Risk Adjusted Performance | 0.0945 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1007 |
Hartford E Equity Backtested Returns
At this stage we consider Hartford Mutual Fund to be very steady. Hartford E Equity holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford E Equity, which you can use to evaluate the volatility of the entity. Please check out Hartford E's Downside Deviation of 0.8735, risk adjusted performance of 0.0945, and Market Risk Adjusted Performance of 0.1107 to validate if the risk estimate we provide is consistent with the expected return of 0.0851%. The fund retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. Hartford E returns are very sensitive to returns on the market. As the market goes up or down, Hartford E is expected to follow.
Auto-correlation | 0.67 |
Good predictability
Hartford E Equity has good predictability. Overlapping area represents the amount of predictability between Hartford E time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hartford E Equity price movement. The serial correlation of 0.67 indicates that around 67.0% of current Hartford E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 3.12 |
Hartford E Equity lagged returns against current returns
Autocorrelation, which is Hartford E mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hartford E's mutual fund expected returns. We can calculate the autocorrelation of Hartford E returns to help us make a trade decision. For example, suppose you find that Hartford E has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hartford E regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hartford E mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford E mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hartford E mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford E Lagged Returns
When evaluating Hartford E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford E mutual fund have on its future price. Hartford E autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hartford E autocorrelation shows the relationship between Hartford E mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford E Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Hartford Mutual Fund
Hartford E 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 E security.
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