Hartford Small Cap Fund Market Value
| HTSCX Fund | USD 9.30 0.04 0.43% |
| Symbol | Hartford |
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.
| 07/24/2023 |
| 04/19/2024 |
If you would invest 0.00 in Hartford Small on July 24, 2023 and sell it all today you would earn a total of 0.00 from holding Hartford Small Cap or generate 0.0% return on investment in Hartford Small over 270 days. Hartford Small is related to or competes with Old Westbury, Artisan Small, Eagle Small, Nt International, Vy Columbia, Glg Intl, and Siit Small. Under normal circumstances, the fund invests at least 80 percent of its assets in common stocks of small capitalization ... 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 Hartford Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.36 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.8 |
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.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.0008) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.0609 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Small'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 Small Cap Backtested Returns
Hartford Small Cap holds Efficiency (Sharpe) Ratio of -0.0398, which attests that the entity had a -0.0398% return per unit of risk over the last 3 months. Hartford Small Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hartford Small's Risk Adjusted Performance of (0), standard deviation of 1.1, and Market Risk Adjusted Performance of 0.0709 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hartford Small are expected to decrease at a much lower rate. During the bear market, Hartford Small is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
Hartford Small Cap has weak reverse predictability. Overlapping area represents the amount of predictability between Hartford Small time series from 24th of July 2023 to 6th of December 2023 and 6th of December 2023 to 19th 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 Small Cap price movement. The serial correlation of -0.22 indicates that over 22.0% of current Hartford Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Hartford Small Cap 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 Hartford Small Cap.
Regressed Prices |
| Timeline |
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Hartford Small 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.