Hartford Total Return Backtested Returns
Macroaxis considers Hartford Total to be not too risky. Hartford Total Return
holds Efficiency (Sharpe) Ratio of -0.1075 which attests that Hartford Total Return
had -0.1075% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Hartford Total Return exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hartford Total Market Risk Adjusted Performance
of 0.2231 and Risk Adjusted Performance
of (0.061306) to validate risk estimate we provide. The etf retains Market Volatility (i.e. Beta) of -0.2578 which attests that as returns on market increase, returns on owning Hartford Total are expected to decrease at a much smaller rate. During bear market, Hartford Total is likely to outperform the market.. Even though it is essential to pay attention to Hartford Total Return current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Hartford Total Return exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.54 |
Hartford Total Return Bond has modest predictability. Overlapping area represents the amount of predictability between Hartford Total time series from December 19, 2017 to January 3, 2018 and January 3, 2018 to January 18, 2018. 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 0.54 indicates that about 54.0% of current Hartford Total price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.54|
|Spearman Rank Test|| -0.37|
|Price Variance|| 0.01|
|Lagged Price Variance|| 0.03|
Hartford Total Lagged Returns