Hartford Large Cap Etf Market Value
| HFGO Etf | USD 23.32 0.20 0.87% |
| Symbol | Hartford |
The market value of Hartford Large Cap 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 Large's value that differs from its market value or its book value, called intrinsic value, which is Hartford Large'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 Large's market value can be influenced by many factors that don't directly affect Hartford Large'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 Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Large'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.
Hartford Large '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 Large's etf 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 Large.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Hartford Large on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Hartford Large Cap or generate 0.0% return on investment in Hartford Large over 540 days. Hartford Large is related to or competes with Vanguard Growth, IShares Russell, IShares SP, IShares Core, Vanguard Russell, Vanguard Mega, and Vanguard Russell. The fund seeks to achieve its investment objective by investing in a diversified portfolio of common stocks covering a b... More
Hartford Large 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 Large's etf 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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0197 | |||
| Maximum Drawdown | 5.87 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 1.72 |
Hartford Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Large's standard deviation. In reality, there are many statistical measures that can use Hartford Large historical prices to predict the future Hartford Large's volatility.| Risk Adjusted Performance | 0.1015 | |||
| Jensen Alpha | 0.0314 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0143 | |||
| Treynor Ratio | 0.1494 |
Hartford Large Cap Backtested Returns
Hartford Large appears to be very steady, given 3 months investment horizon. Hartford Large Cap holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hartford Large Cap, which you can use to evaluate the volatility of the entity. Please utilize Hartford Large's Market Risk Adjusted Performance of 0.1594, downside deviation of 1.59, and Risk Adjusted Performance of 0.1015 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.92, which attests to possible diversification benefits within a given portfolio. Hartford Large returns are very sensitive to returns on the market. As the market goes up or down, Hartford Large is expected to follow.
Auto-correlation | 0.63 |
Good predictability
Hartford Large Cap has good predictability. Overlapping area represents the amount of predictability between Hartford Large time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Large Cap price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Hartford Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.71 |
Hartford Large Cap lagged returns against current returns
Autocorrelation, which is Hartford Large etf'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 Large's etf expected returns. We can calculate the autocorrelation of Hartford Large returns to help us make a trade decision. For example, suppose you find that Hartford Large has exhibited high autocorrelation historically, and you observe that the etf 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 Large 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 Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hartford Large etf over time.
Current vs Lagged Prices |
| Timeline |
Hartford Large Lagged Returns
When evaluating Hartford Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Large etf have on its future price. Hartford Large 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 Large autocorrelation shows the relationship between Hartford Large etf current value and its past values and can show if there is a momentum factor associated with investing in Hartford Large Cap.
Regressed Prices |
| Timeline |
Pair Trading with Hartford Large
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hartford Large position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hartford Large will appreciate offsetting losses from the drop in the long position's value.Moving together with Hartford Etf
| 0.99 | VUG | Vanguard Growth Index | PairCorr |
| 0.99 | IWF | iShares Russell 1000 | PairCorr |
| 0.99 | IVW | iShares SP 500 | PairCorr |
| 0.99 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.99 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Hartford Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hartford Large when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hartford Large - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hartford Large Cap to buy it.
The correlation of Hartford Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hartford Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hartford Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hartford Large can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Hartford Large Correlation, Hartford Large Volatility and Hartford Large Alpha and Beta module to complement your research on Hartford Large. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Hartford Large technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.