Hartford E Equity Fund Market Value
| HAITX Fund | USD 55.39 0.16 0.29% |
| Symbol | Hartford |
Hartford E '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 E'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 E.
| 09/15/2024 |
| 12/14/2024 |
If you would invest 0.00 in Hartford E on September 15, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford E Equity or generate 0.0% return on investment in Hartford E over 90 days. Hartford E is related to or competes with Hartford Growth, Hartford Growth, Hartford Growth, 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 E 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 E'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 E Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.2 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.9055 |
Hartford E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford E's standard deviation. In reality, there are many statistical measures that can use Hartford E historical prices to predict the future Hartford E's volatility.| Risk Adjusted Performance | 0.0084 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford E's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hartford E Equity Backtested Returns
Hartford E Equity holds Efficiency (Sharpe) Ratio of -0.0021, which attests that the entity had a -0.0021% return per unit of risk over the last 3 months. Hartford E Equity exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hartford E's Risk Adjusted Performance of 0.0084, downside deviation of 1.52, and Market Risk Adjusted Performance of 0.0071 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford E's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford E is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Hartford E Equity has below average predictability. Overlapping area represents the amount of predictability between Hartford E time series from 15th of September 2024 to 30th of October 2024 and 30th of October 2024 to 14th of December 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 E Equity price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Hartford E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 2.08 |
Hartford E Equity lagged returns against current returns
Autocorrelation, which is Hartford E 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 E's mutual fund expected returns. We can calculate the autocorrelation of Hartford E returns to help us make a trade decision. For example, suppose you find that Hartford E 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 E 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 E mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford E 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 E mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford E Lagged Returns
When evaluating Hartford E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford E mutual fund have on its future price. Hartford E 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 E autocorrelation shows the relationship between Hartford E mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford E 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 E 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 E security.
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