Hartford Small Cap Fund Market Value
| HSMFX Fund | USD 13.76 0.32 2.27% |
| Symbol | Hartford |
Hartford Small '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 Small'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 Small.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Hartford Small on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford Small Cap or generate 0.0% return on investment in Hartford Small over 30 days. Hartford Small is related to or competes with Calvert Global, Hennessy, Firsthand Alternative, Thrivent Natural, Oil Gas, Fidelity Advisor, and Goehring Rozencwajg. Under normal circumstances, the fund invests at least 80 percent of its assets in common stocks of small capitalization ... More
Hartford Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8903 | |||
| Information Ratio | 0.0647 | |||
| Maximum Drawdown | 8.8 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.88 |
Hartford Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Small's standard deviation. In reality, there are many statistical measures that can use Hartford Small historical prices to predict the future Hartford Small's volatility.| Risk Adjusted Performance | 0.1184 | |||
| Jensen Alpha | 0.1816 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0974 | |||
| Treynor Ratio | 1.18 |
Hartford Small Cap Backtested Returns
At this stage we consider Hartford Mutual Fund to be very steady. Hartford Small Cap holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford Small Cap, which you can use to evaluate the volatility of the entity. Please check out Hartford Small's Market Risk Adjusted Performance of 1.19, downside deviation of 0.8903, and Risk Adjusted Performance of 0.1184 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The fund retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hartford Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Small is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Hartford Small Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hartford Small time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Small Cap price movement. The serial correlation of -0.75 indicates that around 75.0% of current Hartford Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hartford Small Cap lagged returns against current returns
Autocorrelation, which is Hartford Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Hartford Small returns to help us make a trade decision. For example, suppose you find that Hartford Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Small Lagged Returns
When evaluating Hartford Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Small mutual fund have on its future price. Hartford Small 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 Small autocorrelation shows the relationship between Hartford Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford Small Cap.
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 Small 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 Small security.
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