The Hartford Servative Fund Market Value
| HCVTX Fund | USD 10.56 0.08 0.75% |
| Symbol | The |
The Hartford '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 The Hartford'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 The Hartford.
| 10/19/2023 |
| 04/16/2024 |
If you would invest 0.00 in The Hartford on October 19, 2023 and sell it all today you would earn a total of 0.00 from holding The Hartford Servative or generate 0.0% return on investment in The Hartford over 180 days. The Hartford is related to or competes with The Hartford, Hartford Midcap, Columbia Balanced, and Boston Trust. The fund seeks to meet its investment objective through investment in a combination of other mutual funds and ETFs advis... More
The Hartford 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 The Hartford'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 Servative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4175 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 1.7 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.4766 |
The Hartford Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for The Hartford's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Hartford's standard deviation. In reality, there are many statistical measures that can use The Hartford historical prices to predict the future The Hartford's volatility.| Risk Adjusted Performance | 0.0242 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0159 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of The Hartford's 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.
The Hartford Servative Backtested Returns
We consider The Hartford very steady. The Hartford Servative owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.086, which indicates the fund had a 0.086% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Hartford Servative, which you can use to evaluate the volatility of the fund. Please validate The Hartford's Risk Adjusted Performance of 0.0242, coefficient of variation of 1947.17, and Semi Deviation of 0.3371 to confirm if the risk estimate we provide is consistent with the expected return of 0.0294%. The entity has a beta of 0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, the Hartford's returns are expected to increase less than the market. However, during the bear market, the loss of holding the Hartford is expected to be smaller as well.
Auto-correlation | 0.92 |
Excellent predictability
The Hartford Servative has excellent predictability. Overlapping area represents the amount of predictability between The Hartford time series from 19th of October 2023 to 17th of January 2024 and 17th of January 2024 to 16th of April 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 The Hartford Servative price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current The Hartford price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
The Hartford Servative lagged returns against current returns
Autocorrelation, which is The Hartford 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 The Hartford's mutual fund expected returns. We can calculate the autocorrelation of The Hartford returns to help us make a trade decision. For example, suppose you find that The Hartford 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 |
The Hartford 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 The Hartford mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Hartford mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Hartford mutual fund over time.
Current vs Lagged Prices |
| Timeline |
The Hartford Lagged Returns
When evaluating The Hartford's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Hartford mutual fund have on its future price. The Hartford 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, The Hartford autocorrelation shows the relationship between The Hartford mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Servative.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards The Hartford in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, The Hartford's short interest history, or implied volatility extrapolated from The Hartford options trading.
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The Hartford technical mutual fund 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, fund market cycles, or different charting patterns.