The Hartford Global Fund Market Value

HGHIX Fund  USD 43.00  0.20  0.47%   
Hartford Global's market value is the price at which a share of Hartford Global trades on a public exchange. It measures the collective expectations of The Hartford Global investors about its performance. Hartford Global is trading at 43.00 as of the 4th of December 2024; that is 0.47 percent up since the beginning of the trading day. The fund's open price was 42.8.
With this module, you can estimate the performance of a buy and hold strategy of The Hartford Global and determine expected loss or profit from investing in Hartford Global over a given investment horizon. Check out Hartford Global Correlation, Hartford Global Volatility and Hartford Global Alpha and Beta module to complement your research on Hartford Global.
Symbol

Please note, there is a significant difference between Hartford Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Global'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 Global '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 Global'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 Global.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in Hartford Global on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Global or generate 0.0% return on investment in Hartford Global over 60 days. Hartford Global is related to or competes with Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, The Hartford, and Hartford Global. Under normal circumstances, the fund invests at least 80 percent of its assets in the equity securities of health care-r... More

Hartford Global 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 Global'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 Global upside and downside potential and time the market with a certain degree of confidence.

Hartford Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Global's standard deviation. In reality, there are many statistical measures that can use Hartford Global historical prices to predict the future Hartford Global's volatility.
Hype
Prediction
LowEstimatedHigh
42.0342.8043.57
Details
Intrinsic
Valuation
LowRealHigh
42.2343.0043.77
Details
Naive
Forecast
LowNextHigh
43.3344.1044.87
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
41.8442.5943.34
Details

Hartford Global Backtested Returns

Hartford Global holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Hartford Global exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hartford Global's Risk Adjusted Performance of (0.13), market risk adjusted performance of (0.22), and Standard Deviation of 0.7744 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Global is expected to be smaller as well.

Auto-correlation

    
  0.03  

Virtually no predictability

The Hartford Global has virtually no predictability. Overlapping area represents the amount of predictability between Hartford Global time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th 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 Global price movement. The serial correlation of 0.03 indicates that only 3.0% of current Hartford Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test0.12
Residual Average0.0
Price Variance0.79

Hartford Global lagged returns against current returns

Autocorrelation, which is Hartford Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Hartford Global returns to help us make a trade decision. For example, suppose you find that Hartford Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Global 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 Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Hartford Global Lagged Returns

When evaluating Hartford Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Global mutual fund have on its future price. Hartford Global 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 Global autocorrelation shows the relationship between Hartford Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Global.
   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 Global 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 Global security.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins