HGOAX Mutual Fund Quote

HGOAX Fund  USD 33.71  0.64  1.86%   
Market Performance
10 of 100
Odds Of Distress
Less than 3
THE HARTFORD is trading at 33.71 as of the 5th of February 2023; that is -1.86 percent down since the beginning of the trading day. The fund's open price was 34.35. THE HARTFORD has a very small chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for THE HARTFORD GROWTH are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of May 2022 and ending today, the 5th of February 2023. Click here to learn more.
CUSIP
416529881
ISIN
US4165298815
Fiscal Year End
October
The fund invests primarily in a diversified portfolio of common stocks covering a broad range of industries, companies and market capitalizations that the sub-adviser believes exhibit long-term growth potential. Hartford Growth is traded on NASDAQ Exchange in the United States. More on THE HARTFORD GROWTH

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THE HARTFORD Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. THE HARTFORD's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding THE HARTFORD or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of THE HARTFORD's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Startdate1st of March 2006
THE HARTFORD GROWTH [HGOAX] is traded in USA and was established 5th of February 2023. The fund is listed under Large Growth category and is part of Hartford Mutual Funds family. THE HARTFORD GROWTH currently has accumulated 4.06 B in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 18.07%.
Check THE HARTFORD Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on HGOAX Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding HGOAX Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as THE HARTFORD GROWTH Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top THE HARTFORD GROWTH Mutual Fund Constituents

THE HARTFORD Target Price Odds Analysis

Based on a normal probability distribution, the odds of THE HARTFORD jumping above the current price in 90 days from now is about 1.14%. The THE HARTFORD GROWTH probability density function shows the probability of THE HARTFORD mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.4526. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, THE HARTFORD will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. THE HARTFORD GROWTH is significantly underperforming NYSE Composite.
  Odds Below 33.71HorizonTargetOdds Above 33.71
98.84%90 days
 33.71 
1.14%
Based on a normal probability distribution, the odds of THE HARTFORD to move above the current price in 90 days from now is about 1.14 (This THE HARTFORD GROWTH probability density function shows the probability of HGOAX Mutual Fund to fall within a particular range of prices over 90 days) .

THE HARTFORD GROWTH Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. THE HARTFORD market risk premium is the additional return an investor will receive from holding THE HARTFORD long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in THE HARTFORD. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although THE HARTFORD's alpha and beta are two of the key measurements used to evaluate THE HARTFORD's performance over the market, the standard measures of volatility play an important role as well.

THE HARTFORD Against Markets

Picking the right benchmark for THE HARTFORD mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in THE HARTFORD mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for THE HARTFORD is critical whether you are bullish or bearish towards THE HARTFORD GROWTH at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in THE HARTFORD without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in THE HARTFORD GROWTH?

The danger of trading THE HARTFORD GROWTH is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of THE HARTFORD is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than THE HARTFORD. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile THE HARTFORD GROWTH is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the THE HARTFORD GROWTH information on this page should be used as a complementary analysis to other THE HARTFORD'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for HGOAX Mutual Fund analysis

When running THE HARTFORD GROWTH price analysis, check to measure THE HARTFORD's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy THE HARTFORD is operating at the current time. Most of THE HARTFORD's value examination focuses on studying past and present price action to predict the probability of THE HARTFORD's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move THE HARTFORD's price. Additionally, you may evaluate how the addition of THE HARTFORD to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between THE HARTFORD's value and its price as these two are different measures arrived at by different means. Investors typically determine THE HARTFORD value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THE HARTFORD's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.