The Hartford Balanced Fund Market Value
| HBLSX Fund | USD 15.39 0.04 0.26% |
| Symbol | The |
The Hartford '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 The Hartford'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 The Hartford.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in The Hartford on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Balanced or generate 0.0% return on investment in The Hartford over 90 days. The Hartford is related to or competes with Invesco Global, Alphacentric Lifesci, Baillie Gifford, Deutsche Health, Eventide Healthcare, and Allianzgi Health. The investment seeks to provide current income with growth of capital as a secondary objective More
The Hartford 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 The Hartford'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 The Hartford Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3249 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.58 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.5274 |
The Hartford Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for The Hartford's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Hartford's standard deviation. In reality, there are many statistical measures that can use The Hartford historical prices to predict the future The Hartford's volatility.| Risk Adjusted Performance | 0.0756 | |||
| Jensen Alpha | 0.0218 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 0.5167 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of The Hartford'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 Balanced Backtested Returns
At this stage we consider The Mutual Fund to be very steady. Hartford Balanced owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for The Hartford Balanced, which you can use to evaluate the volatility of the fund. Please validate The Hartford's Coefficient Of Variation of 862.03, semi deviation of 0.2218, and Risk Adjusted Performance of 0.0756 to confirm if the risk estimate we provide is consistent with the expected return of 0.0381%. The entity has a beta of 0.0544, which indicates not very significant fluctuations relative to the market. As returns on the market increase, the Hartford's returns are expected to increase less than the market. However, during the bear market, the loss of holding the Hartford is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
The Hartford Balanced has weak reverse predictability. Overlapping area represents the amount of predictability between The Hartford time series from 31st of August 2024 to 15th of October 2024 and 15th of October 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 Balanced price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current The Hartford price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hartford Balanced lagged returns against current returns
Autocorrelation, which is The Hartford 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 The Hartford's mutual fund expected returns. We can calculate the autocorrelation of The Hartford returns to help us make a trade decision. For example, suppose you find that The Hartford 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 |
The Hartford 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 The Hartford mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Hartford mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Hartford mutual fund over time.
Current vs Lagged Prices |
| Timeline |
The Hartford Lagged Returns
When evaluating The Hartford's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Hartford mutual fund have on its future price. The Hartford 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, The Hartford autocorrelation shows the relationship between The Hartford mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Balanced.
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 The Mutual Fund
The Hartford financial ratios help investors to determine whether The 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 The with respect to the benefits of owning The Hartford security.
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