Hartford Longevity Economy Etf Market Value
| HLGE Etf | USD 32.85 0.25 0.76% |
| Symbol | Hartford |
The market value of Hartford Longevity 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 Longevity's value that differs from its market value or its book value, called intrinsic value, which is Hartford Longevity'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 Longevity's market value can be influenced by many factors that don't directly affect Hartford Longevity'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 Longevity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Longevity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Longevity'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 Longevity '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 Longevity'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 Longevity.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Hartford Longevity on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford Longevity Economy or generate 0.0% return on investment in Hartford Longevity over 30 days. Hartford Longevity is related to or competes with Vanguard Mid, Vanguard Extended, IShares Core, IShares Russell, SPDR SP, First Trust, and Vanguard. The fund generally invests at least 80 percent of its assets in securities included in the index and in depositary recei... More
Hartford Longevity 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 Longevity'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 Longevity Economy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8728 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.25 |
Hartford Longevity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Longevity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Longevity's standard deviation. In reality, there are many statistical measures that can use Hartford Longevity historical prices to predict the future Hartford Longevity's volatility.| Risk Adjusted Performance | 0.0783 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0764 |
Hartford Longevity Backtested Returns
At this point, Hartford Longevity is very steady. Hartford Longevity holds Efficiency (Sharpe) Ratio of 0.0926, which attests that the entity had a 0.0926% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hartford Longevity, which you can use to evaluate the volatility of the entity. Please check out Hartford Longevity's Market Risk Adjusted Performance of 0.0864, risk adjusted performance of 0.0783, and Downside Deviation of 0.8728 to validate if the risk estimate we provide is consistent with the expected return of 0.0769%. The etf retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. Hartford Longevity returns are very sensitive to returns on the market. As the market goes up or down, Hartford Longevity is expected to follow.
Auto-correlation | 0.95 |
Excellent predictability
Hartford Longevity Economy has excellent predictability. Overlapping area represents the amount of predictability between Hartford Longevity time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Longevity price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Hartford Longevity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Hartford Longevity lagged returns against current returns
Autocorrelation, which is Hartford Longevity 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 Longevity's etf expected returns. We can calculate the autocorrelation of Hartford Longevity returns to help us make a trade decision. For example, suppose you find that Hartford Longevity 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 Longevity 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 Longevity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Longevity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hartford Longevity etf over time.
Current vs Lagged Prices |
| Timeline |
Hartford Longevity Lagged Returns
When evaluating Hartford Longevity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Longevity etf have on its future price. Hartford Longevity 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 Longevity autocorrelation shows the relationship between Hartford Longevity etf current value and its past values and can show if there is a momentum factor associated with investing in Hartford Longevity Economy.
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.When determining whether Hartford Longevity is a strong investment it is important to analyze Hartford Longevity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hartford Longevity's future performance. For an informed investment choice regarding Hartford Etf, refer to the following important reports:Check out Hartford Longevity Correlation, Hartford Longevity Volatility and Hartford Longevity Alpha and Beta module to complement your research on Hartford Longevity. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Hartford Longevity 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.