Hartford Capital Appreciation Fund Market Value
| HIBCX Fund | USD 47.29 0.59 1.26% |
| Symbol | Hartford |
Hartford Capital '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 Capital'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 Capital.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Hartford Capital on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Hartford Capital Appreciation or generate 0.0% return on investment in Hartford Capital over 720 days. Hartford Capital is related to or competes with Morningstar Unconstrained, and SPACE. The fund normally invests at least 65 percent of its net assets in common stocks More
Hartford Capital 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 Capital'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 Capital Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7212 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.14 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.03 |
Hartford Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Capital's standard deviation. In reality, there are many statistical measures that can use Hartford Capital historical prices to predict the future Hartford Capital's volatility.| Risk Adjusted Performance | 0.0651 | |||
| Jensen Alpha | 0.0639 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (1.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Capital'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.
Hartford Capital App Backtested Returns
We consider Hartford Capital very steady. Hartford Capital App holds Efficiency (Sharpe) Ratio of 0.0859, which attests that the entity had a 0.0859% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hartford Capital App, which you can use to evaluate the volatility of the entity. Please check out Hartford Capital's Downside Deviation of 0.7212, market risk adjusted performance of (1.55), and Risk Adjusted Performance of 0.0651 to validate if the risk estimate we provide is consistent with the expected return of 0.0608%. The fund retains a Market Volatility (i.e., Beta) of -0.0391, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hartford Capital are expected to decrease at a much lower rate. During the bear market, Hartford Capital is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
Hartford Capital Appreciation has good predictability. Overlapping area represents the amount of predictability between Hartford Capital time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Hartford Capital App price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Hartford Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 7.88 |
Hartford Capital App lagged returns against current returns
Autocorrelation, which is Hartford Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Hartford Capital returns to help us make a trade decision. For example, suppose you find that Hartford Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Capital Lagged Returns
When evaluating Hartford Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Capital mutual fund have on its future price. Hartford Capital 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 Capital autocorrelation shows the relationship between Hartford Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford Capital Appreciation.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Hartford Capital Correlation, Hartford Capital Volatility and Hartford Capital Alpha and Beta module to complement your research on Hartford Capital. Note that the Hartford Capital App information on this page should be used as a complementary analysis to other Hartford Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Hartford Capital 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.