Hartford International Opportunities Fund Market Value
| HIAOX Fund | USD 16.41 0.07 0.43% |
| Symbol | Hartford |
Hartford International '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 International'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 International.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Hartford International on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford International Opportunities or generate 0.0% return on investment in Hartford International over 30 days. Hartford International is related to or competes with Auer Growth, Nasdaq 100, Vanguard Small-cap, T Rowe, Bbh Partner, Shelton Funds, and Qs Growth. The fund normally invests at least 65 percent of its net assets in equity securities, including non-dollar securities, o... More
Hartford International 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 International'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 International Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.42 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.09 |
Hartford International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford International's standard deviation. In reality, there are many statistical measures that can use Hartford International historical prices to predict the future Hartford International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.09) |
Hartford International Backtested Returns
Hartford International holds Efficiency (Sharpe) Ratio of -0.0188, which attests that the entity had a -0.0188% return per unit of risk over the last 3 months. Hartford International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hartford International's Market Risk Adjusted Performance of (0.08), standard deviation of 0.8723, and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford International is expected to be smaller as well.
Auto-correlation | -0.09 |
Very weak reverse predictability
Hartford International Opportunities has very weak reverse predictability. Overlapping area represents the amount of predictability between Hartford International time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 International price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Hartford International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hartford International lagged returns against current returns
Autocorrelation, which is Hartford International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Hartford International returns to help us make a trade decision. For example, suppose you find that Hartford International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford International Lagged Returns
When evaluating Hartford International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford International mutual fund have on its future price. Hartford International 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 International autocorrelation shows the relationship between Hartford International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford International Opportunities.
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 International 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 International security.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |