Hartford Total Return Etf Market Value
| HTRB Etf | USD 34.05 0.13 0.38% |
| Symbol | Hartford |
The market value of Hartford Total Return 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 Total's value that differs from its market value or its book value, called intrinsic value, which is Hartford Total'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 Total's market value can be influenced by many factors that don't directly affect Hartford Total'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 Total's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Total is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Total'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 Total '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 Total'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 Total.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hartford Total on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford Total Return or generate 0.0% return on investment in Hartford Total over 180 days. Hartford Total is related to or competes with SSGA Active, BlackRock Intermediate, IShares BBB, and Xtrackers Short. The fund invests at least 80 percent of its net assets in bonds that the sub-adviser considers to be attractive from a t... More
Hartford Total 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 Total'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 Total Return upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.22 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.468 |
Hartford Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Total's standard deviation. In reality, there are many statistical measures that can use Hartford Total historical prices to predict the future Hartford Total's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.4769 |
Hartford Total Return Backtested Returns
Hartford Total Return holds Efficiency (Sharpe) Ratio of -0.0441, which attests that the entity had a -0.0441% return per unit of risk over the last 3 months. Hartford Total Return exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hartford Total's Risk Adjusted Performance of (0.04), standard deviation of 0.3056, and Market Risk Adjusted Performance of 0.4869 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0451, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hartford Total are expected to decrease at a much lower rate. During the bear market, Hartford Total is likely to outperform the market.
Auto-correlation | -0.83 |
Excellent reverse predictability
Hartford Total Return has excellent reverse predictability. Overlapping area represents the amount of predictability between Hartford Total time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Total Return price movement. The serial correlation of -0.83 indicates that around 83.0% of current Hartford Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Hartford Total Return lagged returns against current returns
Autocorrelation, which is Hartford Total 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 Total's etf expected returns. We can calculate the autocorrelation of Hartford Total returns to help us make a trade decision. For example, suppose you find that Hartford Total 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 Total 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 Total etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Total etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hartford Total etf over time.
Current vs Lagged Prices |
| Timeline |
Hartford Total Lagged Returns
When evaluating Hartford Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Total etf have on its future price. Hartford Total 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 Total autocorrelation shows the relationship between Hartford Total etf current value and its past values and can show if there is a momentum factor associated with investing in Hartford Total Return.
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 Total Return offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hartford Total'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 Total Return Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Hartford Total Return Etf:Check out Hartford Total Correlation, Hartford Total Volatility and Hartford Total Alpha and Beta module to complement your research on Hartford Total. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Hartford Total 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.