The Hartford Dividend Fund Market Value

HDGFX Fund  USD 37.56  0.16  0.43%   
The Hartford's market value is the price at which a share of The Hartford trades on a public exchange. It measures the collective expectations of The Hartford Dividend investors about its performance. The Hartford is trading at 37.56 as of the 24th of November 2024; that is 0.43 percent increase since the beginning of the trading day. The fund's open price was 37.4.
With this module, you can estimate the performance of a buy and hold strategy of The Hartford Dividend and determine expected loss or profit from investing in The Hartford over a given investment horizon. Check out The Hartford Correlation, The Hartford Volatility and The Hartford Alpha and Beta module to complement your research on The Hartford.
Symbol

Please note, there is a significant difference between The Hartford's value and its price as these two are different measures arrived at by different means. Investors typically determine if The Hartford is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The Hartford'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.

The Hartford '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 The Hartford'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 The Hartford.
0.00
10/31/2023
No Change 0.00  0.0 
In 1 year and 25 days
11/24/2024
0.00
If you would invest  0.00  in The Hartford on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding The Hartford Dividend or generate 0.0% return on investment in The Hartford over 390 days. The Hartford is related to or competes with Hartford Growth, The Hartford, The Hartford, The Hartford, Hartford Growth, The Hartford, and Hartford Growth. The fund invests primarily in a portfolio of equity securities that typically have above average dividend yields and who... More

The Hartford 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 The Hartford'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 The Hartford Dividend upside and downside potential and time the market with a certain degree of confidence.

The Hartford Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for The Hartford's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Hartford's standard deviation. In reality, there are many statistical measures that can use The Hartford historical prices to predict the future The Hartford's volatility.
Hype
Prediction
LowEstimatedHigh
36.9937.5638.13
Details
Intrinsic
Valuation
LowRealHigh
36.7637.3337.90
Details
Naive
Forecast
LowNextHigh
36.8337.4037.97
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
37.3637.5137.66
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as The Hartford. Your research has to be compared to or analyzed against The Hartford's peers to derive any actionable benefits. When done correctly, The Hartford's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hartford Dividend.

Hartford Dividend Backtested Returns

At this stage we consider The Mutual Fund to be very steady. Hartford Dividend owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0894, which indicates the fund had a 0.0894% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for The Hartford Dividend, which you can use to evaluate the volatility of the fund. Please validate The Hartford's Coefficient Of Variation of 851.53, semi deviation of 0.4149, and Risk Adjusted Performance of 0.0867 to confirm if the risk estimate we provide is consistent with the expected return of 0.0507%. The entity has a beta of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, the Hartford's returns are expected to increase less than the market. However, during the bear market, the loss of holding the Hartford is expected to be smaller as well.

Auto-correlation

    
  0.81  

Very good predictability

The Hartford Dividend has very good predictability. Overlapping area represents the amount of predictability between The Hartford time series from 31st of October 2023 to 13th of May 2024 and 13th 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 Dividend price movement. The serial correlation of 0.81 indicates that around 81.0% of current The Hartford price fluctuation can be explain by its past prices.
Correlation Coefficient0.81
Spearman Rank Test0.85
Residual Average0.0
Price Variance0.86

Hartford Dividend lagged returns against current returns

Autocorrelation, which is The Hartford 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 The Hartford's mutual fund expected returns. We can calculate the autocorrelation of The Hartford returns to help us make a trade decision. For example, suppose you find that The Hartford 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  

The Hartford 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 The Hartford mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Hartford mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Hartford mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

The Hartford Lagged Returns

When evaluating The Hartford's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Hartford mutual fund have on its future price. The Hartford 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, The Hartford autocorrelation shows the relationship between The Hartford mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Dividend.
   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 The Mutual Fund

The Hartford financial ratios help investors to determine whether The 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 The with respect to the benefits of owning The Hartford security.
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