The Hartford Emerging Fund Market Value
| HLDTX Fund | USD 4.33 0.01 0.23% |
| Symbol | Hartford |
Hartford Emerging '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 Emerging'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 Emerging.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Hartford Emerging on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Emerging or generate 0.0% return on investment in Hartford Emerging over 90 days. Hartford Emerging is related to or competes with Pimco Emerging, Pimco Emerging, and Eaton Vance. The fund will normally invest at least 80 percent of its assets in local currency-denominated emerging markets debt secu... More
Hartford Emerging 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 Emerging'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 Emerging upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 1.8 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.4545 |
Hartford Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Emerging's standard deviation. In reality, there are many statistical measures that can use Hartford Emerging historical prices to predict the future Hartford Emerging's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Emerging'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 Emerging Backtested Returns
Hartford Emerging holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Hartford Emerging exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hartford Emerging's Risk Adjusted Performance of (0.05), standard deviation of 0.356, and Market Risk Adjusted Performance of (0.1) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Emerging is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
The Hartford Emerging has good reverse predictability. Overlapping area represents the amount of predictability between Hartford Emerging time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Emerging price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Hartford Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hartford Emerging lagged returns against current returns
Autocorrelation, which is Hartford Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Hartford Emerging returns to help us make a trade decision. For example, suppose you find that Hartford Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Emerging Lagged Returns
When evaluating Hartford Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Emerging mutual fund have on its future price. Hartford Emerging 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 Emerging autocorrelation shows the relationship between Hartford Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Emerging.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hartford Emerging in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hartford Emerging's short interest history, or implied volatility extrapolated from Hartford Emerging options trading.
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Hartford Emerging 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.