Hartford Schroders Smallmid Fund Market Value
| SMDVX Fund | USD 21.08 0.14 0.67% |
| Symbol | Hartford |
Hartford Schroders '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 Schroders' 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 Schroders.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Hartford Schroders on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford Schroders Smallmid or generate 0.0% return on investment in Hartford Schroders over 90 days. Hartford Schroders is related to or competes with Hartford Schroders, Hartford Schroders. Under normal circumstances, the fund invests primarily in equity securities More
Hartford Schroders 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 Schroders' 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 Schroders Smallmid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7561 | |||
| Information Ratio | 0.0214 | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.13 |
Hartford Schroders Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Schroders' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Schroders' standard deviation. In reality, there are many statistical measures that can use Hartford Schroders historical prices to predict the future Hartford Schroders' volatility.| Risk Adjusted Performance | 0.1379 | |||
| Jensen Alpha | 0.0365 | |||
| Total Risk Alpha | 0.0228 | |||
| Sortino Ratio | 0.02 | |||
| Treynor Ratio | 0.1493 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Schroders' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hartford Schroders Backtested Returns
At this stage we consider Hartford Mutual Fund to be very steady. Hartford Schroders holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford Schroders, which you can use to evaluate the volatility of the entity. Please check out Hartford Schroders' Risk Adjusted Performance of 0.1379, market risk adjusted performance of 0.1593, and Downside Deviation of 0.7561 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The fund retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford Schroders' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Schroders is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Hartford Schroders Smallmid has very good predictability. Overlapping area represents the amount of predictability between Hartford Schroders time series from 5th of September 2024 to 20th of October 2024 and 20th of October 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 Schroders price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Hartford Schroders price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Hartford Schroders lagged returns against current returns
Autocorrelation, which is Hartford Schroders 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 Schroders' mutual fund expected returns. We can calculate the autocorrelation of Hartford Schroders returns to help us make a trade decision. For example, suppose you find that Hartford Schroders 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 Schroders 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 Schroders mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Schroders 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 Schroders mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Schroders Lagged Returns
When evaluating Hartford Schroders' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Schroders mutual fund have on its future price. Hartford Schroders 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 Schroders autocorrelation shows the relationship between Hartford Schroders mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford Schroders Smallmid.
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 Schroders 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 Schroders security.
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