Hartford Core Bond Etf Market Value
| HCRB Etf | USD 35.15 0.04 0.11% |
| Symbol | Hartford |
The market value of Hartford Core Bond 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 Core's value that differs from its market value or its book value, called intrinsic value, which is Hartford Core'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 Core's market value can be influenced by many factors that don't directly affect Hartford Core'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 Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Core'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 Core '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 Core'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 Core.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Hartford Core on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford Core Bond or generate 0.0% return on investment in Hartford Core over 90 days. Hartford Core is related to or competes with Hartford Schroders, Hartford Total, Hartford Municipal, Hartford Short, and Goldman Sachs. Under normal circumstances, at least 80 percent of its net assets in fixed-income securities More
Hartford Core 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 Core'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 Core Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.4777 |
Hartford Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Core's standard deviation. In reality, there are many statistical measures that can use Hartford Core historical prices to predict the future Hartford Core's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.4338 |
Hartford Core Bond Backtested Returns
Hartford Core Bond holds Efficiency (Sharpe) Ratio of -0.041, which attests that the entity had a -0.041% return per unit of risk over the last 3 months. Hartford Core Bond exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hartford Core's Risk Adjusted Performance of (0.07), market risk adjusted performance of 0.4438, and Standard Deviation of 0.2907 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0675, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hartford Core are expected to decrease at a much lower rate. During the bear market, Hartford Core is likely to outperform the market.
Auto-correlation | -0.05 |
Very weak reverse predictability
Hartford Core Bond has very weak reverse predictability. Overlapping area represents the amount of predictability between Hartford Core time series from 30th of August 2024 to 14th of October 2024 and 14th of October 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 Core Bond price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Hartford Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Hartford Core Bond lagged returns against current returns
Autocorrelation, which is Hartford Core 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 Core's etf expected returns. We can calculate the autocorrelation of Hartford Core returns to help us make a trade decision. For example, suppose you find that Hartford Core 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 Core 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 Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hartford Core etf over time.
Current vs Lagged Prices |
| Timeline |
Hartford Core Lagged Returns
When evaluating Hartford Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Core etf have on its future price. Hartford Core 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 Core autocorrelation shows the relationship between Hartford Core etf current value and its past values and can show if there is a momentum factor associated with investing in Hartford Core Bond.
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 Core Bond offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hartford Core's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hartford Core Bond Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Hartford Core Bond Etf:Check out Hartford Core Correlation, Hartford Core Volatility and Hartford Core Alpha and Beta module to complement your research on Hartford Core. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Hartford Core 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.