HGOAX Mutual Fund Manager Performance Evaluation

HGOAX Fund  USD 33.71  0.64  1.86%   
The entity has a beta of 1.4526, which indicates a somewhat significant risk relative to the market. Let's try to break down what HGOAX's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, THE HARTFORD will likely underperform. Although it is important to respect THE HARTFORD GROWTH current price movements, it is better to be realistic regarding the information on the equity's historical returns. The approach towards measuring future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining THE HARTFORD GROWTH technical indicators, you can now evaluate if the expected return of 0.23% will be sustainable into the future.
  
HGOAX Performance
9 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in THE HARTFORD GROWTH are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, THE HARTFORD showed solid returns over the last few months and may actually be approaching a breakup point.
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HGOAX Price Channel

Fifty Two Week Low28.08
Fifty Two Week High61.02

THE HARTFORD Relative Risk vs. Return Landscape

If you would invest  2,965  in THE HARTFORD GROWTH on November 8, 2022 and sell it today you would earn a total of  406.00  from holding THE HARTFORD GROWTH or generate 13.69% return on investment over 90 days. THE HARTFORD GROWTH is currently producing 0.2256% returns and takes up 1.7583% volatility of returns over 90 trading days. Put another way, 15% of traded mutual funds are less volatile than HGOAX, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon THE HARTFORD is expected to generate 1.61 times more return on investment than the market. However, the company is 1.61 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.1 per unit of risk.

THE HARTFORD Current Valuation

Fairly Valued
Today 33.71
Please note that THE HARTFORD's price fluctuation is very steady at this time.
THE HARTFORD GROWTH has a current Real Value of $33.25 per share. The regular price of the fund is $33.71. At this time, the fund appears to be fairly valued. We determine the value of THE HARTFORD GROWTH from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point future time, mutual fund prices and their ongoing real values will draw towards each other.
Our valuation method for THE HARTFORD GROWTH is useful when determining the fair value of the HGOAX mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of THE HARTFORD. Since THE HARTFORD is currently traded on the exchange, buyers and sellers on that exchange determine the market value of HGOAX Mutual Fund. However, THE HARTFORD's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
33.25
Real Value
35.01
Upside
Estimating the potential upside or downside of THE HARTFORD GROWTH helps investors to forecast how HGOAX mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of THE HARTFORD more accurately as focusing exclusively on THE HARTFORD's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.4731.2334.00
Details
Hype
Prediction
LowEstimated ValueHigh
32.4434.2035.96
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
3.163.994.81
Details

THE HARTFORD Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for THE HARTFORD's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as THE HARTFORD GROWTH, and traders can use it to determine the average amount a THE HARTFORD's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1283

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsHGOAX
CashSmall
Risk
Average
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High
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Negative Returns
Estimated Market Risk
 1.76
  actual daily
 
 15 %
of total potential
 
1515
Expected Return
 0.23
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.13
  actual daily
 
 9 %
of total potential
 
99
Based on monthly moving average THE HARTFORD is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of THE HARTFORD by adding it to a well-diversified portfolio.

About THE HARTFORD Performance

To evaluate THE HARTFORD GROWTH Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when THE HARTFORD generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare HGOAX Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand THE HARTFORD GROWTH market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents HGOAX's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about THE HARTFORD GROWTH

Checking the ongoing alerts about THE HARTFORD for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for THE HARTFORD GROWTH help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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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.