The Hartford Balanced Fund Market Value
| HBLCX Fund | USD 13.73 0.04 0.29% |
| Symbol | Hartford |
Hartford Balanced '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 Balanced'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 Balanced.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Hartford Balanced on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Balanced or generate 0.0% return on investment in Hartford Balanced over 30 days. Hartford Balanced is related to or competes with Permanent Portfolio, Berwyn Income, Large Cap, and Westcore Plus. The fund targets an allocation of approximately 45 percent equity securities and 55 percent fixed income investments, wi... More
Hartford Balanced 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 Balanced'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 Balanced upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.13 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.6569 |
Hartford Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Balanced's standard deviation. In reality, there are many statistical measures that can use Hartford Balanced historical prices to predict the future Hartford Balanced's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Balanced'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 Balanced Backtested Returns
We consider Hartford Balanced very steady. Hartford Balanced holds Efficiency (Sharpe) Ratio of 0.0021, which attests that the entity had a 0.0021% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Hartford Balanced, which you can use to evaluate the volatility of the entity. Please check out Hartford Balanced's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.04), and Standard Deviation of 0.4458 to validate if the risk estimate we provide is consistent with the expected return of 9.0E-4%. The fund retains a Market Volatility (i.e., Beta) of 0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Balanced is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
The Hartford Balanced has poor reverse predictability. Overlapping area represents the amount of predictability between Hartford Balanced time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 Balanced price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Hartford Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hartford Balanced lagged returns against current returns
Autocorrelation, which is Hartford Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Hartford Balanced returns to help us make a trade decision. For example, suppose you find that Hartford Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Balanced Lagged Returns
When evaluating Hartford Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Balanced mutual fund have on its future price. Hartford Balanced 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 Balanced autocorrelation shows the relationship between Hartford Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Balanced.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Hartford Balanced Correlation, Hartford Balanced Volatility and Hartford Balanced Alpha and Beta module to complement your research on Hartford Balanced. Note that the Hartford Balanced information on this page should be used as a complementary analysis to other Hartford Balanced'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Hartford Balanced 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.