Projected Return Density against MarketAssuming 30 trading days horizon, Hartford has beta of 0.93 . This indicates Hartford Stock HLS IA market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Hartford is expected to follow. Moreover, Hartford Stock HLS IA has alpha of 0.93 implying that it can potentially generate 0.93% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of Hartford is 295.95. The daily returns are destributed with a variance of 0.32 and standard deviation of 0.56. The mean deviation of Hartford Stock HLS IA is currently at 0.47. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.58
Actual Return VolatilityHartford Stock HLS IA shows 0.56% volatility of returns over 30 trading days. S&P 500 shows 0.58% volatility of returns over 30 trading days.
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S&P 500 has a standard deviation of returns of 0.58 and is 1.04 times more volatile than Hartford Stock HLS IA. 7% of all equities and portfolios are less risky than Hartford. Compared with the overall equity markets, volatility of historical daily returns of Hartford Stock HLS IA is lower than 7 (%) of all global equities and portfolios over the last 30 days. Use Hartford Stock HLS IA to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Hartford returns are very sensitive to returns on the market. As market goes up or down, Hartford is expected to follow.
Hartford correlation with market
Hartford Current Risk Indicators
Suggested Divercification Pairs