Hartford Mutual Fund Quote

HRAAX Fund  USD 12.21  0.01  0.08%   
Market Performance
11 of 100
Odds Of Distress
Less than 1
Hartford Growth is trading at 12.21 as of the 27th of January 2023; that is -0.08 percent decrease since the beginning of the trading day. The fund's open price was 12.22. Hartford Growth has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Hartford Growth Allocation are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2022 and ending today, the 27th of January 2023. Click here to learn more.
Fiscal Year End
The fund seeks to meet its investment objective through investment in a combination of other mutual funds and ETFs advised by Hartford Funds Management Company, LLC or a wholly owned subsidiary of the Investment Manager . Hartford Growth is traded on NASDAQ Exchange in the United States.. More on Hartford Growth Allocation

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Hartford Growth Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hartford Growth's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hartford Growth or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Hartford Growth's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldUndervalued
Startdate1st of December 2015
Hartford Growth Allocation [HRAAX] is traded in USA and was established 27th of January 2023. The fund is listed under Allocation--70% to 85% Equity category and is part of Hartford Mutual Funds family. Hartford Growth Allo currently has accumulated 513.03 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 4.37%.
Check Hartford Growth Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Hartford Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Hartford Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Hartford Growth Allocation Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Hartford Growth Allocation Mutual Fund Constituents

Hartford Growth Target Price Odds Analysis

Based on a normal probability distribution, the odds of Hartford Growth jumping above the current price in 90 days from now is under 4%. The Hartford Growth Allocation probability density function shows the probability of Hartford Growth mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Hartford Growth has a beta of 0.8488. This usually indicates as returns on the market go up, Hartford Growth average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hartford Growth Allocation will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0039, implying that it can generate a 0.003944 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 12.21HorizonTargetOdds Above 12.21
96.11%90 days
Based on a normal probability distribution, the odds of Hartford Growth to move above the current price in 90 days from now is under 4 (This Hartford Growth Allocation probability density function shows the probability of Hartford Mutual Fund to fall within a particular range of prices over 90 days) .

Hartford Growth Allo Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Hartford Growth market risk premium is the additional return an investor will receive from holding Hartford Growth long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hartford Growth. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Hartford Growth's alpha and beta are two of the key measurements used to evaluate Hartford Growth's performance over the market, the standard measures of volatility play an important role as well.

Hartford Growth Against Markets

Picking the right benchmark for Hartford Growth mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hartford Growth mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hartford Growth is critical whether you are bullish or bearish towards Hartford Growth Allocation at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hartford Growth without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Hartford Growth Allocation?

The danger of trading Hartford Growth Allocation is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hartford Growth is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hartford Growth. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hartford Growth Allo is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the Hartford Growth Allo 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for Hartford Mutual Fund analysis

When running Hartford Growth Allo price analysis, check to measure Hartford Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hartford Growth is operating at the current time. Most of Hartford Growth's value examination focuses on studying past and present price action to predict the probability of Hartford Growth's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hartford Growth's price. Additionally, you may evaluate how the addition of Hartford Growth to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Hartford Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine Hartford Growth value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.