Hartford Healthcare One Year Return vs. Price To Book
| HBGHX Fund | USD 15.35 0.02 0.13% |
For Hartford Healthcare profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hartford Healthcare to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hartford Healthcare Hls utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hartford Healthcare's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hartford Healthcare Hls over time as well as its relative position and ranking within its peers.
Hartford |
Hartford Healthcare Hls Price To Book vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hartford Healthcare's current stock value. Our valuation model uses many indicators to compare Hartford Healthcare value to that of its competitors to determine the firm's financial worth. Hartford Healthcare Hls is one of the top funds in one year return among similar funds. It also is one of the top funds in price to book among similar funds fabricating about 0.22 of Price To Book per One Year Return. The ratio of One Year Return to Price To Book for Hartford Healthcare Hls is roughly 4.48 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Hartford Healthcare's earnings, one of the primary drivers of an investment's value.Hartford Price To Book vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Hartford Healthcare |
| = | 11.25 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Hartford Healthcare |
| = | 2.51 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Hartford Price To Book Comparison
Hartford Healthcare is currently under evaluation in price to book among similar funds.
Hartford Healthcare Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hartford Healthcare, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hartford Healthcare will eventually generate negative long term returns. The profitability progress is the general direction of Hartford Healthcare's change in net profit over the period of time. It can combine multiple indicators of Hartford Healthcare, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests at least 80 percent of its assets in the equity securities of health care-related companies worldwide as selected by the sub-adviser. It will invest in securities of issuers located in a number of different countries throughout the world, one of which may be the United States however, it has no limit on the amount of assets that may be invested in each country. The fund may invest in securities of companies of any market capitalization.
Hartford Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hartford Healthcare. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hartford Healthcare position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hartford Healthcare's important profitability drivers and their relationship over time.
Use Hartford Healthcare in pair-trading
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 Healthcare 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 Healthcare will appreciate offsetting losses from the drop in the long position's value.Hartford Healthcare Pair Trading
Hartford Healthcare Hls Pair Trading Analysis
The ability to find closely correlated positions to Hartford Healthcare 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 Healthcare 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 Healthcare - 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 Healthcare Hls to buy it.
The correlation of Hartford Healthcare 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 Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hartford Healthcare Hls 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 Healthcare 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.Use Investing Themes to Complement your Hartford Healthcare position
In addition to having Hartford Healthcare in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Most Shorted Equities Thematic Idea Now
Most Shorted Equities
Dynamically calculated list of top equities currently trending upward via a buy-out by investors. The Most Shorted Equities theme has 217 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Most Shorted Equities Theme or any other thematic opportunities.
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Other Information on Investing in Hartford Mutual Fund
To fully project Hartford Healthcare's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hartford Healthcare Hls at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Hartford Healthcare's income statement, its balance sheet, and the statement of cash flows.
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