The Hartford Growth Fund Market Value
| HGOFX Fund | USD 56.30 0.26 0.46% |
| Symbol | Hartford |
Hartford Growth '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 Growth'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 Growth.
| 04/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in Hartford Growth on April 23, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Growth or generate 0.0% return on investment in Hartford Growth over 30 days. Hartford Growth is related to or competes with Equity Income, Laudus Large, Harbor International, HUMANA, Barloworld, High Yield, and Morningstar Unconstrained. The fund invests primarily in a diversified portfolio of common stocks covering a broad range of industries, companies a... More
Hartford Growth 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 Growth'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 The Hartford Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0304 | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 2.09 |
Hartford Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Growth's standard deviation. In reality, there are many statistical measures that can use Hartford Growth historical prices to predict the future Hartford Growth's volatility.| Risk Adjusted Performance | 0.0598 | |||
| Jensen Alpha | 0.0118 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0344 | |||
| Treynor Ratio | 0.0766 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Growth'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 Growth Backtested Returns
We consider Hartford Growth very steady. Hartford Growth holds Efficiency (Sharpe) Ratio of 0.0608, which attests that the entity had a 0.0608% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hartford Growth, which you can use to evaluate the volatility of the entity. Please check out Hartford Growth's Risk Adjusted Performance of 0.0598, downside deviation of 1.07, and Market Risk Adjusted Performance of 0.0866 to validate if the risk estimate we provide is consistent with the expected return of 0.0686%. The fund retains a Market Volatility (i.e., Beta) of 1.37, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hartford Growth will likely underperform.
Auto-correlation | 0.54 |
Modest predictability
The Hartford Growth has modest predictability. Overlapping area represents the amount of predictability between Hartford Growth time series from 23rd of April 2024 to 8th of May 2024 and 8th of May 2024 to 23rd of May 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 Growth price movement. The serial correlation of 0.54 indicates that about 54.0% of current Hartford Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Hartford Growth lagged returns against current returns
Autocorrelation, which is Hartford Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Hartford Growth returns to help us make a trade decision. For example, suppose you find that Hartford Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Growth Lagged Returns
When evaluating Hartford Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Growth mutual fund have on its future price. Hartford Growth 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 Growth autocorrelation shows the relationship between Hartford Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Growth.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Hartford Growth Correlation, Hartford Growth Volatility and Hartford Growth Alpha and Beta module to complement your research on Hartford Growth. Note that the Hartford Growth information on this page should be used as a complementary analysis to other Hartford Growth's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Hartford Growth 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.