Hartford Mid Cap Fund Market Value
| HMVAX Fund | USD 16.17 0.17 1.06% |
| Symbol | Hartford |
Hartford Mid '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 Mid'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 Mid.
| 10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in Hartford Mid on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Hartford Mid Cap or generate 0.0% return on investment in Hartford Mid over 180 days. Hartford Mid is related to or competes with Fidelity Low-priced, Vanguard Mid-cap, Jpmorgan Mid, and Jpmorgan Mid. The fund seeks to achieve its investment objective by investing at least 80 percent of its assets in mid-capitalization ... More
Hartford Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.07 |
Hartford Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Mid's standard deviation. In reality, there are many statistical measures that can use Hartford Mid historical prices to predict the future Hartford Mid's volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0358 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Mid'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 Mid Cap Backtested Returns
We consider Hartford Mid very steady. Hartford Mid Cap holds Efficiency (Sharpe) Ratio of 0.044, which attests that the entity had a 0.044% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hartford Mid Cap, which you can use to evaluate the volatility of the entity. Please check out Hartford Mid's Downside Deviation of 1.01, market risk adjusted performance of 0.0458, and Risk Adjusted Performance of 0.0431 to validate if the risk estimate we provide is consistent with the expected return of 0.0373%. The fund retains a Market Volatility (i.e., Beta) of 1.26, 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 Mid will likely underperform.
Auto-correlation | 0.66 |
Good predictability
Hartford Mid Cap has good predictability. Overlapping area represents the amount of predictability between Hartford Mid time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th 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 Mid Cap price movement. The serial correlation of 0.66 indicates that around 66.0% of current Hartford Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Hartford Mid Cap lagged returns against current returns
Autocorrelation, which is Hartford Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Hartford Mid returns to help us make a trade decision. For example, suppose you find that Hartford Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Mid Lagged Returns
When evaluating Hartford Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Mid mutual fund have on its future price. Hartford Mid 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 Mid autocorrelation shows the relationship between Hartford Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford Mid Cap.
Regressed Prices |
| Timeline |
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Hartford Mid 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.