We consider Hartford Total not too risky. Hartford Total Return holds Efficiency (Sharpe) Ratio of 0.0785 which attests that Hartford Total Return had 0.0785% of return per unit of risk over the last 2 months. Our philosophy towards determining volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Hartford Total Return which you can use to evaluate future volatility of the entity. Please check out Hartford Total Coefficient Of Variation of 1018.5, Market Risk Adjusted Performance of 0.1783 and Risk Adjusted Performance of 0.0556 to validate if risk estimate we provide are consistent with the epected return of 0.0125%.
|Horizon||30 Days Login to change|
Hartford Total Market Sensitivity
|As returns on market increase, Hartford Total returns are expected to increase less than the market. However during bear market, the loss on holding Hartford Total will be expected to be smaller as well.2 Months Beta |Analyze Hartford Total Return Demand TrendCheck current 30 days Hartford Total correlation with market (DOW)|
β = 0.0336
Hartford Total Central Daily Price Deviation
Hartford Total Return Technical Analysis
Hartford Total Projected Return Density Against MarketGiven the investment horizon of 30 days, Hartford Total has beta of 0.0336 . This indicates as returns on market go up, Hartford Total average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Hartford Total Return Bond ETF will be expected to be much smaller as well. Moreover, Hartford Total Return Bond ETF has an alpha of 0.0095 implying that it can potentially generate 0.0095% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Given the investment horizon of 30 days, the coefficient of variation of Hartford Total is 1273.46. The daily returns are destributed with a variance of 0.03 and standard deviation of 0.16. The mean deviation of Hartford Total Return Bond ETF is currently at 0.1. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
|Alpha over DOW||=||0.0095|
|Beta against DOW||=||0.0336|
Hartford Total Return VolatilityHartford Total Return Bond ETF inherits 0.1594% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 1.2919% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.29 and is 8.06 times more volatile than Hartford Total Return Bond ETF. 1% of all equities and portfolios are less risky than Hartford Total. Compared to the overall equity markets, volatility of historical daily returns of Hartford Total Return Bond ETF is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use Hartford Total Return Bond ETF to protect against small markets fluctuations. The etf experiences normal downward trend and little activity. Check odds of Hartford Total to be traded at $38.32 in 30 days. As returns on market increase, Hartford Total returns are expected to increase less than the market. However during bear market, the loss on holding Hartford Total will be expected to be smaller as well.
Hartford Total correlation with market