Hartford Global Impact Fund Market Value
| HGXFX Fund | USD 14.15 0.04 0.28% |
| Symbol | Hartford |
Hartford Global '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 Global'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 Global.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Hartford Global on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford Global Impact or generate 0.0% return on investment in Hartford Global over 30 days. Hartford Global is related to or competes with Hartford Core, The Hartford, The Hartford, and Hartford International. The fund seeks to achieve its objective by investing in equity securities of issuers located throughout the world, inclu... More
Hartford Global 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 Global'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 Hartford Global Impact upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7597 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.37 |
Hartford Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Global's standard deviation. In reality, there are many statistical measures that can use Hartford Global historical prices to predict the future Hartford Global's volatility.| Risk Adjusted Performance | 0.0315 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0238 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Global'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 Global Impact Backtested Returns
We consider Hartford Global very steady. Hartford Global Impact holds Efficiency (Sharpe) Ratio of 0.0563, which attests that the entity had a 0.0563% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford Global Impact, which you can use to evaluate the volatility of the entity. Please check out Hartford Global's Downside Deviation of 0.7597, risk adjusted performance of 0.0315, and Market Risk Adjusted Performance of 0.0338 to validate if the risk estimate we provide is consistent with the expected return of 0.0439%. The fund retains a Market Volatility (i.e., Beta) of 1.12, which attests to a somewhat significant risk relative to the market. Hartford Global returns are very sensitive to returns on the market. As the market goes up or down, Hartford Global is expected to follow.
Auto-correlation | 0.45 |
Average predictability
Hartford Global Impact has average predictability. Overlapping area represents the amount of predictability between Hartford Global time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Global Impact price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Hartford Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Hartford Global Impact lagged returns against current returns
Autocorrelation, which is Hartford Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Hartford Global returns to help us make a trade decision. For example, suppose you find that Hartford Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Global Lagged Returns
When evaluating Hartford Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Global mutual fund have on its future price. Hartford Global 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 Global autocorrelation shows the relationship between Hartford Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford Global Impact.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Hartford Global Correlation, Hartford Global Volatility and Hartford Global Alpha and Beta module to complement your research on Hartford Global. Note that the Hartford Global Impact information on this page should be used as a complementary analysis to other Hartford Global'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Hartford Global 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.