Projected Return Density against MarketAssuming 30 trading days horizon, the fund has beta coefficient of 1.19 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Hartford will likely underperform. Additionally, Hartford Stock HLS IA has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500 Assuming 30 trading days horizon, the coefficient of variation of Hartford is -1163.74. The daily returns are destributed with a variance of 0.33 and standard deviation of 0.57. The mean deviation of Hartford Stock HLS IA is currently at 0.38. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.5
Actual Return VolatilityHartford Stock HLS IA shows 0.57% volatility of returns over 30 trading days. S&P 500 shows 0.49% volatility of returns over 30 trading days.
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Hartford Stock HLS IA has a volatility of 0.57 and is 1.16 times more volatile than S&P 500. 6% 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 6 (%) of all global equities and portfolios over the last 30 days. Use Hartford Stock HLS IA to protect against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of Hartford to be traded at $55.55 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Hartford will likely underperform.
Hartford correlation with market
Hartford Current Risk Indicators
Suggested Divercification Pairs