The Hartford Small Fund Market Value

IHSAX Fund  USD 20.32  0.16  0.79%   
Hartford Small's market value is the price at which a share of Hartford Small trades on a public exchange. It measures the collective expectations of The Hartford Small investors about its performance. Hartford Small is trading at 20.32 as of the 23rd of December 2024; that is 0.79% up since the beginning of the trading day. The fund's open price was 20.16.
With this module, you can estimate the performance of a buy and hold strategy of The Hartford Small and determine expected loss or profit from investing in Hartford Small over a given investment horizon. Check out Hartford Small Correlation, Hartford Small Volatility and Hartford Small Alpha and Beta module to complement your research on Hartford Small.
Symbol

Please note, there is a significant difference between Hartford Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Small'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 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.
0.00
11/23/2024
No Change 0.00  0.0 
In 31 days
12/23/2024
0.00
If you would invest  0.00  in Hartford Small on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Small or generate 0.0% return on investment in Hartford Small over 30 days. Hartford Small is related to or competes with Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, and Hartford Growth. The fund seeks its investment objective by investing primarily in common stocks selected on the basis of potential for c... 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 The Hartford Small upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
19.1020.3221.54
Details
Intrinsic
Valuation
LowRealHigh
19.2520.4721.69
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hartford Small. Your research has to be compared to or analyzed against Hartford Small's peers to derive any actionable benefits. When done correctly, Hartford Small's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hartford Small.

Hartford Small Backtested Returns

At this stage we consider Hartford Mutual Fund to be very steady. Hartford Small holds Efficiency (Sharpe) Ratio of 0.0041, which attests that the entity had a 0.0041% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Hartford Small, which you can use to evaluate the volatility of the entity. Please check out Hartford Small's Market Risk Adjusted Performance of 0.001, risk adjusted performance of 0.0022, and Standard Deviation of 1.2 to validate if the risk estimate we provide is consistent with the expected return of 0.005%. The fund retains a Market Volatility (i.e., Beta) of 1.32, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hartford Small will likely underperform.

Auto-correlation

    
  0.58  

Modest predictability

The Hartford Small has modest predictability. Overlapping area represents the amount of predictability between Hartford Small time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Hartford Small price fluctuation can be explain by its past prices.
Correlation Coefficient0.58
Spearman Rank Test0.45
Residual Average0.0
Price Variance0.31

Hartford Small 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 The Hartford Small.
   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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