Hartford Capital Appreciation Fund Market Value
| HCPCX Fund | USD 47.58 0.01 0.02% |
| Symbol | Hartford |
Hartford Capital '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 Capital'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 Capital.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Hartford Capital on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford Capital Appreciation or generate 0.0% return on investment in Hartford Capital over 30 days. Hartford Capital is related to or competes with Morningstar Unconstrained, and SPACE. The fund normally invests at least 65 percent of its net assets in common stocks More
Hartford Capital 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 Capital'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 Capital Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.72 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.14 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.05 |
Hartford Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Capital's standard deviation. In reality, there are many statistical measures that can use Hartford Capital historical prices to predict the future Hartford Capital's volatility.| Risk Adjusted Performance | 0.0645 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0631 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Capital'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 Capital App Backtested Returns
We consider Hartford Capital out of control. Hartford Capital App holds Efficiency (Sharpe) Ratio of 0.0846, which attests that the entity had a 0.0846% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford Capital App, which you can use to evaluate the volatility of the entity. Please check out Hartford Capital's Downside Deviation of 0.72, risk adjusted performance of 0.0645, and Market Risk Adjusted Performance of 0.0731 to validate if the risk estimate we provide is consistent with the expected return of 0.0598%. The fund retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Hartford Capital returns are very sensitive to returns on the market. As the market goes up or down, Hartford Capital is expected to follow.
Auto-correlation | 0.46 |
Average predictability
Hartford Capital Appreciation has average predictability. Overlapping area represents the amount of predictability between Hartford Capital time series from 26th of March 2024 to 10th of April 2024 and 10th of April 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 Capital App price movement. The serial correlation of 0.46 indicates that about 46.0% of current Hartford Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Hartford Capital App lagged returns against current returns
Autocorrelation, which is Hartford Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Hartford Capital returns to help us make a trade decision. For example, suppose you find that Hartford Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Capital Lagged Returns
When evaluating Hartford Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Capital mutual fund have on its future price. Hartford Capital 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 Capital autocorrelation shows the relationship between Hartford Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford Capital Appreciation.
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 Capital 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 Capital's short interest history, or implied volatility extrapolated from Hartford Capital options trading.
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Try AI Portfolio ArchitectCheck out Hartford Capital Correlation, Hartford Capital Volatility and Hartford Capital Alpha and Beta module to complement your research on Hartford Capital. Note that the Hartford Capital App information on this page should be used as a complementary analysis to other Hartford Capital'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Hartford Capital 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.