Hartford Healthcare Hls Fund Market Value
| HIAHX Fund | USD 17.52 0.02 0.11% |
| Symbol | Hartford |
Hartford Healthcare '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 Healthcare'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 Healthcare.
| 02/18/2024 |
| 05/18/2024 |
If you would invest 0.00 in Hartford Healthcare on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding Hartford Healthcare Hls or generate 0.0% return on investment in Hartford Healthcare over 90 days. Hartford Healthcare is related to or competes with Blackrock Health, Fidelity Advisor, Highland Longshort, Alphacentric Lifesci, Putnam Global, Health Biotchnology, and Lord Abbett. The fund invests at least 80 percent of its assets in the equity securities of health care-related companies worldwide a... More
Hartford Healthcare 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 Healthcare'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 Healthcare Hls upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.682 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.22 |
Hartford Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Healthcare's standard deviation. In reality, there are many statistical measures that can use Hartford Healthcare historical prices to predict the future Hartford Healthcare's volatility.| Risk Adjusted Performance | 0.0197 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0134 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Healthcare'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 Healthcare Hls Backtested Returns
We consider Hartford Healthcare very steady. Hartford Healthcare Hls holds Efficiency (Sharpe) Ratio of 0.0309, which attests that the entity had a 0.0309% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hartford Healthcare Hls, which you can use to evaluate the volatility of the entity. Please check out Hartford Healthcare's Downside Deviation of 0.682, risk adjusted performance of 0.0197, and Market Risk Adjusted Performance of 0.0234 to validate if the risk estimate we provide is consistent with the expected return of 0.0215%. The fund retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. Hartford Healthcare returns are very sensitive to returns on the market. As the market goes up or down, Hartford Healthcare is expected to follow.
Auto-correlation | 0.08 |
Virtually no predictability
Hartford Healthcare Hls has virtually no predictability. Overlapping area represents the amount of predictability between Hartford Healthcare time series from 18th of February 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of May 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 Healthcare Hls price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Hartford Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Hartford Healthcare Hls lagged returns against current returns
Autocorrelation, which is Hartford Healthcare 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 Healthcare's mutual fund expected returns. We can calculate the autocorrelation of Hartford Healthcare returns to help us make a trade decision. For example, suppose you find that Hartford Healthcare 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 Healthcare 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 Healthcare mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Healthcare 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 Healthcare mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Healthcare Lagged Returns
When evaluating Hartford Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Healthcare mutual fund have on its future price. Hartford Healthcare 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 Healthcare autocorrelation shows the relationship between Hartford Healthcare mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford Healthcare Hls.
Regressed Prices |
| Timeline |
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Check out Hartford Healthcare Correlation, Hartford Healthcare Volatility and Hartford Healthcare Alpha and Beta module to complement your research on Hartford Healthcare. Note that the Hartford Healthcare Hls information on this page should be used as a complementary analysis to other Hartford Healthcare'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Hartford Healthcare 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.