The Hartford Midcap Fund Market Value
| HMDYX Fund | USD 34.50 0.35 1.00% |
| Symbol | Hartford |
Hartford Midcap '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 Midcap'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 Midcap.
| 04/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Hartford Midcap on April 24, 2023 and sell it all today you would earn a total of 0.00 from holding The Hartford Midcap or generate 0.0% return on investment in Hartford Midcap over 360 days. Hartford Midcap is related to or competes with Commonwealth Global, Franklin Mutual, Siit Global, Kinetics Global, Qs Global, Legg Mason, and Qs Global. The fund invests at least 80 percent of its assets in common stocks of mid-capitalization companies More
Hartford Midcap 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 Midcap'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 Midcap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.42 |
Hartford Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Midcap's standard deviation. In reality, there are many statistical measures that can use Hartford Midcap historical prices to predict the future Hartford Midcap's volatility.| Risk Adjusted Performance | 0.0303 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| 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 Midcap'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 Midcap Backtested Returns
We consider Hartford Midcap very steady. Hartford Midcap holds Efficiency (Sharpe) Ratio of 0.0272, which attests that the entity had a 0.0272% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford Midcap, which you can use to evaluate the volatility of the entity. Please check out Hartford Midcap's Risk Adjusted Performance of 0.0303, downside deviation of 1.06, and Market Risk Adjusted Performance of 0.0338 to validate if the risk estimate we provide is consistent with the expected return of 0.0264%. The fund retains a Market Volatility (i.e., Beta) of 1.3, 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 Midcap will likely underperform.
Auto-correlation | 0.11 |
Insignificant predictability
The Hartford Midcap has insignificant predictability. Overlapping area represents the amount of predictability between Hartford Midcap time series from 24th of April 2023 to 21st of October 2023 and 21st of October 2023 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 Midcap price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Hartford Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 5.76 |
Hartford Midcap lagged returns against current returns
Autocorrelation, which is Hartford Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Hartford Midcap returns to help us make a trade decision. For example, suppose you find that Hartford Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Midcap Lagged Returns
When evaluating Hartford Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Midcap mutual fund have on its future price. Hartford Midcap 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 Midcap autocorrelation shows the relationship between Hartford Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Midcap.
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 Midcap 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 Midcap's short interest history, or implied volatility extrapolated from Hartford Midcap options trading.
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Hartford Midcap 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.