The Hartford Checks Fund Market Value
| HCKFX Fund | USD 10.66 0.01 0.09% |
| Symbol | Hartford |
Hartford Checks '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 Checks' 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 Checks.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hartford Checks on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Checks or generate 0.0% return on investment in Hartford Checks over 180 days. Hartford Checks is related to or competes with Scharf Global, Ab Global, Commonwealth Global, Power Global, Mirova Global, Artisan Global, and Morgan Stanley. The fund invests in a combination of Hartford Funds the Hartford Capital Appreciation Fund, which normally invests at least 65 percent of its net assets in common stocks the Hartford Dividend and Growth Fund, which invests primarily in a portfolio of equity securities that typically have above average dividend yields and the Hartford Total Return Bond ETF, which under normal circumstances invests at least 80 percent of its net assets in bonds. More
Hartford Checks 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 Checks' 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 The Hartford Checks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5358 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.11 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.6903 |
Hartford Checks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Checks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Checks' standard deviation. In reality, there are many statistical measures that can use Hartford Checks historical prices to predict the future Hartford Checks' volatility.| Risk Adjusted Performance | 0.082 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0811 |
Hartford Checks Backtested Returns
At this stage we consider Hartford Mutual Fund to be very steady. Hartford Checks holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford Checks, which you can use to evaluate the volatility of the entity. Please check out Hartford Checks' Downside Deviation of 0.5358, market risk adjusted performance of 0.0911, and Risk Adjusted Performance of 0.082 to validate if the risk estimate we provide is consistent with the expected return of 0.0547%. The fund retains a Market Volatility (i.e., Beta) of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford Checks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Checks is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
The Hartford Checks has good predictability. Overlapping area represents the amount of predictability between Hartford Checks time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Checks price movement. The serial correlation of 0.7 indicates that around 70.0% of current Hartford Checks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hartford Checks lagged returns against current returns
Autocorrelation, which is Hartford Checks 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 Checks' mutual fund expected returns. We can calculate the autocorrelation of Hartford Checks returns to help us make a trade decision. For example, suppose you find that Hartford Checks 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 Checks 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 Checks mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Checks 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 Checks mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Checks Lagged Returns
When evaluating Hartford Checks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Checks mutual fund have on its future price. Hartford Checks 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 Checks autocorrelation shows the relationship between Hartford Checks mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Checks.
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 Checks 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 Checks security.
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