Hartford Disciplined Equity Fund Market Value
| HIAGX Fund | USD 23.08 0.07 0.30% |
| Symbol | Hartford |
Hartford Disciplined '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 Disciplined'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 Disciplined.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Hartford Disciplined on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Hartford Disciplined Equity or generate 0.0% return on investment in Hartford Disciplined over 690 days. Hartford Disciplined is related to or competes with The Hartford, The Hartford, The Hartford, Hartford Growth, Hartford Growth, Hartford Growth, and Hartford Growth. Under normal circumstances, the fund invests at least 80 percent of its assets in common stocks More
Hartford Disciplined 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 Disciplined'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 Disciplined Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8789 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.14 |
Hartford Disciplined Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Disciplined's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Disciplined's standard deviation. In reality, there are many statistical measures that can use Hartford Disciplined historical prices to predict the future Hartford Disciplined's volatility.| Risk Adjusted Performance | 0.0841 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.089 |
Hartford Disciplined Backtested Returns
At this stage we consider Hartford Mutual Fund to be very steady. Hartford Disciplined 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-seven technical indicators for Hartford Disciplined, which you can use to evaluate the volatility of the entity. Please check out Hartford Disciplined's Downside Deviation of 0.8789, risk adjusted performance of 0.0841, and Market Risk Adjusted Performance of 0.099 to validate if the risk estimate we provide is consistent with the expected return of 0.0966%. The fund retains a Market Volatility (i.e., Beta) of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford Disciplined's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Disciplined is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Hartford Disciplined Equity has very good predictability. Overlapping area represents the amount of predictability between Hartford Disciplined time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Disciplined price movement. The serial correlation of 0.81 indicates that around 81.0% of current Hartford Disciplined price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Hartford Disciplined lagged returns against current returns
Autocorrelation, which is Hartford Disciplined 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 Disciplined's mutual fund expected returns. We can calculate the autocorrelation of Hartford Disciplined returns to help us make a trade decision. For example, suppose you find that Hartford Disciplined 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 Disciplined 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 Disciplined mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Disciplined 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 Disciplined mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Disciplined Lagged Returns
When evaluating Hartford Disciplined's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Disciplined mutual fund have on its future price. Hartford Disciplined 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 Disciplined autocorrelation shows the relationship between Hartford Disciplined mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford Disciplined 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 Disciplined 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 Disciplined security.
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