The Hartford Inflation Fund Market Value
| HIPAX Fund | USD 9.78 0.02 0.20% |
| Symbol | Hartford |
Hartford Inflation '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 Inflation'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 Inflation.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Hartford Inflation on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Inflation or generate 0.0% return on investment in Hartford Inflation over 30 days. Hartford Inflation is related to or competes with Gmo Emerging, Kinetics Market, Ep Emerging, Jhancock Diversified, Calvert Developed, and Transamerica Emerging. The fund seeks its investment objective by investing at least 65 percent of its net assets in inflation-protected debt s... More
Hartford Inflation 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 Inflation'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 Inflation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.4086 |
Hartford Inflation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Inflation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Inflation's standard deviation. In reality, there are many statistical measures that can use Hartford Inflation historical prices to predict the future Hartford Inflation's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Inflation'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.
The Hartford Inflation Backtested Returns
The Hartford Inflation holds Efficiency (Sharpe) Ratio of -0.0582, which attests that the entity had a -0.0582% return per unit of risk over the last 3 months. The Hartford Inflation exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hartford Inflation's Risk Adjusted Performance of (0.05), standard deviation of 0.302, and Market Risk Adjusted Performance of (0.74) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0393, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hartford Inflation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Inflation is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
The Hartford Inflation has virtually no predictability. Overlapping area represents the amount of predictability between Hartford Inflation time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 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 The Hartford Inflation price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Hartford Inflation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
The Hartford Inflation lagged returns against current returns
Autocorrelation, which is Hartford Inflation 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 Inflation's mutual fund expected returns. We can calculate the autocorrelation of Hartford Inflation returns to help us make a trade decision. For example, suppose you find that Hartford Inflation 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 Inflation 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 Inflation mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Inflation 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 Inflation mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Inflation Lagged Returns
When evaluating Hartford Inflation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Inflation mutual fund have on its future price. Hartford Inflation 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 Inflation autocorrelation shows the relationship between Hartford Inflation mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Inflation.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Hartford Inflation Correlation, Hartford Inflation Volatility and Hartford Inflation Alpha and Beta module to complement your research on Hartford Inflation. Note that the The Hartford Inflation information on this page should be used as a complementary analysis to other Hartford Inflation'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 Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Hartford Inflation 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.